A Legacy Fund is a charitable tool that allows you to set-up a bequest to your community to direct your gift to the nonprofits that are aligned with your interests and passions. A Legacy Fund is a designated endowment fund that allows your gift to make annual distributions from your named fund in perpetuity. It is a wonderful way for you to leave a legacy to your community and be remembered for it.
You can set-up a bequest in your will with your legal advisor to your named Legacy Fund. Simply complete the Fund Agreement paperwork with the Community Foundation so that we have your designated charities in place. If you decide to change the designated charities down the road you simply need to update your agreement with the Community Foundation. There is no cost to you to set-up your fund. Your Donor Advised Fund can also be set-up to transfer to a Legacy Fund.