Planned Giving: Bequest

Often the easiest way to support charitable interests, a bequest permits you to support the community while retaining complete control over your assets during your lifetime. Bequests can be a specific dollar amount, a percentage of an estate, or what remains after other bequests, such as those to family members, are satisfied.

Highlights

Heirs may receive lifetime income from a charitable trust, with the remainder going to the Foundation for charitable purposes.

You may name a new fund, an existing fund, or a specific group or organization to receive a bequest.

The Foundation can accept cash, appreciated stocks, or other assets.

Some of the most tax-efficient asset types to give through a will come from retirement plans, which can be far more advantageous than having those assets included in a taxable estate or leaving them to heirs, in which case they may be taxed at a cumulative rate of over 65%.

Bequests to the Foundation earn a full charitable deduction on estate taxes.

Other Planned Giving Options

Charitable Remainder Trust | Charitable Lead Trust | Life Insurance | Retained Life Estate | Retirement Plan

Get Started Today

To learn more about the Community Foundation of NC East and its impact to our region and local communities, or to get started on your planned giving, simply contact us at 252-756-8549 to speak with our Chief Executive Officer, Melissa Spain.