Reconciliation legislation is back in play, and while it includes a few tax provisions (e.g., adding a corporate minimum tax and eliminating the carried interest tax break), the proposed... Read More
What is the Legacy Society?
Central Carolina Community Foundation created the Legacy Society to honor those who have made a lasting commitment to our community by including charitable gifts to the Foundation in their estates. Planned gifts to any fund at the Community Foundation qualify for the Legacy Society.
Make a lasting commitment to our community by including a charitable gift to the Foundation in your estate.
How it works:
Consult with your Professional Advisor regarding potential estate tax breaks.
You can include Central Carolina Community Foundation as the beneficiary of your will or trust.
Upon your passing, the Community Foundation will establish the fund in the name you have chosen — this can be your name, the name of your family or business, name that represents something to you or in honor of a person or organization.
You will choose one or more organizations that will: receive an annual grant from your fund to support the organization in perpetuity if you choose to endow the fund; or receive a one-time grant from your fund if you choose to leave the fund un-endowed.
A Legacy Fund may be a good fit for you if...
You no longer need your retirement plan or life insurance and want to designate Central Carolina Community Foundation or another nonprofit as a beneficiary.
You would like to preserve cash but want to ensure the causes you care about are supported in perpetuity.
You would like to make a difference in the community for future generations.
Your heirs are already provided for or you have no heirs.