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Learn about using the Community Foundation for your Will as a Bequest
Including a Charitable Bequest in your will is a simple way to make a lasting gift to your community.
You will 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 so doing, you leave a lasting gift to the community you love while enjoying the assets you need to maintain your current lifestyle.
How it works
You include The Greater Tacoma Community Foundation in your will as a bequest; we can help you or your attorney with recommended language.
You determine the type of fund you would like to establish with your gift.
Upon your death, we set up a special fund in your name, in the name of your family, or in honor of any person or organization you choose.
Your charitable gift is excluded from your assets for estate tax purposes.
Our professional program staff considers your charitable wishes and determines the areas of community need that would be most impacted by grants from your gift.
Our board issues grants in the name of the fund you establish (or anonymously, if you prefer).
We handle all the administrative details.
Your gift can be placed into an endowment that is invested over time. Interest earnings from your fund are used to make grants addressing various pressing community needs of your choice. Your gift—and all future earnings from that gift—are permanent sources of community capital, helping to do good work forever.
More benefits
Making a bequest to The Greater Tacoma Community Foundation is an easy way to transfer assets to charity. 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 decedent (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.
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Get Started on Giving
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Learn How to Establish a Fund
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