Planned Giving
Bequest
Including a statement in your will is a simple way to ensure that, after providing for your family and loved ones, a share of your estate will be distributed to the Montgomery County Community Foundation carry out your charitable goals.
Charitable Remainder Trust
Cash Securities or real estate are transferred to a trust that you create. You receive a fixed or variable income for life or for a limited number of years. After that time, the remainder of the trust is distributed to the Montgomery County Community Foundation to be used for the charitable purposes that you specify.
Life Insurance
When you assign the Montgomery County Community Foundation as owner and beneficiary of your life insurance policy, your insurance premiums are tax-deductible. In addition, when the policy is redeemed, a permanent fund is created for the charitable purposes that you name.
IRAs
Naming the Montgomery County Community Foundation as beneficiary of your individual retirement account removes the asset from your estate and can lessen the impact of income, estate and generation-skipping taxes on a family’s inheritance.
Sample Wording for Gifts by Bequest
The following statement is an example to help you and your attorney in making gifts to the Montgomery County Community Foundation by will.
“I give, devise and bequeath [the sum of/ percentage of/ residue of my estate] to Montgomery County Community Foundation, a not-for-profit corporation with principal offices in Crawfordsville, Indiana, to be used for its general charitable purposes.”
