Bequest by Will
Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through your community foundation, we establish a special fund that benefits the community forever, and becomes your personal legacy of giving. You can decide to do it at any age by adding to an existing will or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle. Plus, you are able to distribute some or all of your assets, tax free.
You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your will come from retirement plan accounts, since heirs would be taxed on the income in respect of the descendent (IRD). You can choose to give a stated dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or you can make your gift contingent on certain events.
The gift of a lifetime – The Marshall W. Hagen Memorial Fund
A true act of generosity involves giving without getting something in return—not even a thank you. Marshall W. Hagen passed away early in 2010 at the age of 98, but he will live on to help future generations through his gift to the Community Foundation of Dunn County.
Marshall Hagen had the desire to make a difference in his community. There were probably only a handful of people that knew of his intentions and his generosity. After he passed on, he wanted to help ensure that there would be a permanent source of income that would support programs and services that could directly benefit the lives of people in Dunn County that are suffering from cancer.
In October, the Community Foundation of Dunn County established the Marshall W. Hagen Memorial Fund as a result of his bequest. Although he is not here to receive our thanks or take any credit, he has left his legacy of caring and kindness to benefit future generations. In the future, grants will be made from the Marshall W. Hagen Memorial Fund to area health care service organizations that have a combination of need and proven effectiveness in helping the lives of area cancer patients.
Become a Legacy Member Today
Since 1995, we have been welcoming donors into the Legacy Society which is our way of honoring those who have made a lasting commitment to the community by including a future gift in their estate plans. Only a Statement of Intent to leave a gift is requested – we ask for no documentation of the gift amount or type. While we encourage Legacy Society members to allow us to publish their names, you may choose to remain anonymous. A legacy gift may be a fixed amount, or a percentage of your estate, or the Foundation could also be the beneficiary of a life insurance or retirement plan. We encourage you to talk to your financial planner and your family about the benefits of a legacy gift. A legacy gift is easy to do today and will impact our communities for generations.
Please see the Legacy Society pages of our web site for more details and for copies of forms that may be used to establish a Legacy gift to the Community Foundation of Dunn County.
Here is some sample bequest language that will ensure the Foundation’s Board and staff will oversee your gift and work to insure the funds are used as you intended.
There is so much more we’d like you to know. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact the Community Foundation Name.