Planned Giving
Leaving a Legacy
make a perpetual positive difference and receive potential tax benefits through planned gifts.
A planned gift to the Community Foundation is a way to give back to the community and nurture its positive future. Think about what has been important to you and your family and how you would like to ensure its future. Your planned gift to the Community Foundation can endow grants to improve the community and meet changing needs or fund your present annual gift to your favorite charity in perpetuity.
Types of Planned Gifts
You can make a perpetual positive difference and receive potential tax benefits through the planned gifts below. You should confer with your professional advisors about the best options for your estate plan. We will meet with you and your professional advisors if you wish.
*The Community Foundation suggests discussing your charitable plans with a professional tax advisor to ensure the best choice for your financial situation.
Bequests
A bequest is a gift named in a person’s will. Wills are necessary to carry out a person’s wishes after death regarding the distribution of their property to those they wish to benefit, including to charitable organizations.
Charitable Gift Annuities
A Charitable Gift Annuity (CGA) is a way to make a gift to a favorite charity and still receive income for yourself or others during your or their lifetime. It is a contract under which a charity agrees to pay a fixed sum of money for one or two persons in return for a gift of cash or marketable securities.The person who makes the gift is the “donor”, and the person who receives payments is called the “annuitant”. Usually, the annuitant is also the donor, but not always. The maximum number of possible annuitants is two, and payments may be made to them jointly or successively.
Upon the death of the (last) annuitant the remainder of the gift goes to the charity. Further information can be found here. (this page should link to a separate page on Charitable Gift Annuities, which can be loaded in the Professional Advisors Knowledgebase.)
Charitable Remainder Trusts
With a Charitable Remainder Trust the donor takes a one-time charitable deduction in the year the trust is formed. The donor then receives income from the trust for life. Upon the donor’s death, the assets of the trust are distributed to the donor’s designated charity or charities.
Charitable Lead Trusts
A Charitable Lead Trust is a variation of the Charitable Remainder Trust. It provides for a fixed amount to be paid annually to the donor’s designated charity or charities for a specific amount of time. Upon the termination of the Charitable Lead Trust, the remainder is passed on to the donor’s designated heirs.
5 Ways You Can Leave A Legacy
Funds For Today ~ The Promise of Tomorrow
Planned gifts help secure the vitality of the communities in our area. Our Legacy Society recognizes persons who have informed us they have made a planned gift to the community through the Community Foundation. If you have already made a planned gift to our Community Foundation and not informed us, please let us know.
*The Community Foundation suggests discussing your charitable plans with a professional tax advisor, attorney or other professional advisor to ensure the best choice for your financial situation.
Leave a Gift in Your Will
Prepare a will, and include a gift for the charity or charities that have made a difference in your life or the life of someone you love. Only 50% of those who pass away have a will, and fewer than 3% of those wills contain a charitable gift.
Donate Money or Assets
You can donate a specific dollar amount or a percentage of your assets, including stocks, bonds, CDs, real estate, vehicles, art, jewelry or other property.
Life Insurance Beneficiary
Name your favorite charity as the beneficiary of an existing life insurance policy, or purchase a new policy and name the charity as the beneficiary.
Retirement Beneficiary
Name your favorite charity as the beneficiary of your IRA or pension plan.
Memorial Gifts
Honor deserving friends and remember loved ones with memorial gifts.
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The Legacy Society
Your planned gift to the Community Foundation of Middlesex County will have meaning and impact for years to come. We honor those who have made a lasting commitment to our community by including charitable gifts to the foundation in their estate.
Those who remember the Foundation through a will, trust, designation, or other planned gift are honored members of the Community Foundation’s Legacy Society. These future gifts may be unrestricted, restricted to a specific geographic area (your home town or area), Field of Interest (The Arts, Environment, etc.) or to a designated organization.
Grateful Recognition
Legacy Society members are recognized in our Annual Report, on our website, and through our donor stories, providing insight and inspiration for so many in our community. You may always choose to remain anonymous in your philanthropy with the Community Foundation of Middlesex County. However, participation in the Legacy Society can be an inspirational experience, and may encourage others to look toward the future and how they too may have an enduring impact on the causes they care about.
Total known planned gifts total more than $21 million.
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Known Legacy Society Members
Please take a look at our known Legacy Society Members. If you have already made a planned gift to our Community Foundation and not informed us, please let us know so we can add you to our list of public and anonymous members.
- Anonymous (19)
- Jeannette Archer-Simons and Robert E. Simons
- Ronald S. Ashworth *
- Bonnie Bennet
- Siegmar and Sylvia Blamberg
- Sallie and Robert Boody
- Marcia W. Bromberg
- Eileen and Jerry Burke
- Harry Eben Burr
- Jill Butler
- Tim Cahill
- Jean H. and Richard Caron
- Bill and Helen * Chatman
- Sherry * and Herb Clark
- Margaret Coe
- Clio and Philip Coles
- John S. D’Aquila *
- Sally D’Aquila *
- Barbara S. Delaney *
- Ellen G. D’Oench *
- Russell G. D’Oench, Jr. *
- Engelbright Estate
- Santo Fragilio *
- Lenny and JoAnn Goldberg
- Ralph and Gail Gometz
- Gary and Patricia Gomola
- Esther and Richard Goodwin*
- Verena Harfst
- George Hart *
- Beatrice Casey Holt
- Loretta K. Ingersoll *
- Mary Janvrin *
- Mary Jones *
- Robin Jones *
- Marcia and David Kalayjian
- George and Phyllis Kinser
- Robert L. Kirkpatrick, Jr.
- Gayle Kranz
- Phyllis Bonekemper LeMaire
- Lisa and Lamar LeMonte
- Sonya and Jeff Madoff
- Arlene R. Mazzotta *
- Edward L. McMillan *
- Jane Stokes McMillan *
- Deborah L. Moore
- Ellen Patterson *
- Barbara and David * Preston
- Heidi Ramcke
- Jean M. Richards *
- Liz Petry Riley *
- David J. Miner and Stephanie J. (Penny) Robiner
- Marjorie Rosenbaum *
- Sari * and Howard Rosenbaum
- Dave and Eunice Royston
- Gary Salva
- Donna Sciacca
- Jean and Biff Shaw
- Irene E. Silberstein
- Jane Sodergren *
- Loretta Spencer
- Thomas H. Stickney and David Westfall
- Elizabeth Swaim *
- Jessie Trotta *
- Patti Anne Vassia
- Susan * and William Wasch
- Kevin Wilhelm
- Charles * and Rachel Wiltsie
- Jan Youngblood
- Joan S. Youngs
* Deceased and Bequest received/announced