LEGACY SOCIETY

Members of the Legacy Society have one thing in common: they have all made a commitment to support the future of their community through an estate gift to the El Dorado Community Foundation.

They have other things in common as well. They have worked hard, saved wisely, and invested well. They also understand the power of endowment, knowing that the assets they leave to the community will continue to grow, supporting their philanthropic interests for generations to come.

Legacy Possibilities

• Leave a specific dollar amount, a percentage of your estate, or what remains after other bequests have been satisfied.
• You may arrange for your heirs to receive lifetime income from your estate, with the remainder going to the Foundation for charitable purposes.
• Some of the most tax-efficient asset types to give through your trust come from retirement plan accounts, since heirs would be taxed on the income.
• Establish a fund now, enjoy giving in your lifetime and earn a full charitable deduction on estate taxes. Then simply name your fund as one of the recipients of your estate.
• You can change the charitable beneficiaries of your fund at any time without needing to re-do your estate documents.
• Remember that the Foundation can be designated as a contingent beneficiary on life insurance policies and/or death benefit certificates.

Make it simple

Adding a legacy gift in a will or trust is as simple as adding the following wording:

• I give and bequeath (fill in gift specification) to the El Dorado Community Foundation, a California nonprofit organization.
• The purpose of this gift is (fill in your wishes to establish an endowed fund, OR simply designate an existing nonprofit).