Leave a Legacy Planned Giving
Planned giving is a powerful way to support the causes you care about while creating a lasting impact in your community. A fund at the Community Foundation can help you impact today and transform tomorrow.
What is Planned Giving?
Planned giving allows you to make charitable contributions through your financial or estate plans. These gifts often come from assets like retirement accounts, life insurance policies, or wills and trusts. They can be made during your lifetime or as part of your legacy upon death.
Why it Matters
Permanent funds (or endowments) created through planned gifts provide long-term support for local nonprofits, scholarships, and community initiatives. They help ensure that your values and vision continue to shape the future of our community.
GIVE
You establish a fund at the Foundation or make a gift to an existing one.
GROW
We grow the fund by investing the monies for long-term growth.
GRANT
We distribute grants or scholarships on your behalf from the fund every year FOREVER.
— Lisa Newman"Salina has given me so much and I’ve always believed in giving back with kindness and care. Setting up a Fund for the Future is one way I can help ensure that the same spirit of support, connection and community continues long after I’m gone. "
How to Make a Planned Gift
Bequest in a Will or Trust
You can make a bequest to the Greater Salina Community Foundation through your will or living trust. Donors who leave a charitable bequest may qualify for an estate tax deduction based on the value of the gift. You can state your bequest as a set amount of cash, securities, or other assets; or as the “residue” or a “percentage of the residue” of your estate.
For many, the bequest language can be as simple as:
“I, [Name], of [City, State, Zip Code], give [Particular Asset; Fixed Dollar Amount; Percentage of the Estate; or Description of Property] to [Your Fund Name] at the Sacramento Region Community Foundation.”
To learn more, please contact our Philanthropy Team
Beneficiary Designation
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Charitable Trusts
You may transfer assets to a charitable lead trust. Your charitable fund at the Greater Salina Community Foundation receives an income stream for a lifetime or term of years, after which the remaining assets are distributed to you or other beneficiaries. To learn more, please contact our Philanthropy Team.
Life Estate
In larger estates, retirement fund assets distributed to family members may be subject to double taxation, first through the donor’s estate tax, and then through the beneficiaries’ income tax. IRA accounts listing the Greater Salina Community Foundation as the beneficiary pass to your charitable fund free of estate and income taxes. Not only can the Foundation be named as the beneficiary of your life insurance policy, but you can also transfer the policy irrevocably to the Foundation. You may be eligible for an income tax deduction for the policy’s cost basis or cash surrender value (whichever is less), and any subsequent premium payments may qualify for a charitable deduction. To learn more, please contact our Philanthropy Team.
Ready to Create Lasting Impact?
Connect with us to explore how a planned gift can support the causes you care about — now and for generations to come.