Legacy Funds

legacy fund, jefferson county, ways to give

ways to give

Jefferson County is a special place for each of us lucky enough to call the region home. Each day we discover something new to cherish. Gifts from your estate help ensure what you love best about Jefferson County will be preserved and enhanced for now, and for future generations. Legacy gifts are customized to your passions, and create impact that will last well beyond your lifetime. Contributions may be made to Jefferson Community Foundation via a gift from any of these vehicles:


Will or Living Trust

A charitable bequest can be made in your will or living trust. You simply identify Jefferson Community Foundation as the beneficiary of a given amount, a percentage, or the residue of your estate, and we work with you to ensure your wishes are honored.

Qualified Retirement Plan

Many people have assets in a qualified retirement plan to provide financial security during retirement. A portion of these assets will often remain after passing. If you plan to pass those assets on to anyone but your spouse, they will be subject to taxation equaling as much as 80 cents or more on the dollar. Making Jefferson County Community Foundation the successor beneficiary to your spouse for those remaining assets gives the full dollar value to support your charitable goals while removing the assets from your estate for tax purposes.

Life Insurance

Many individuals have a paid-up life insurance policy that has been filed away, perhaps originally intended for children who are now grown or have sufficient assets of their own. Making Jefferson  Community Foundation the owner and beneficiary of such a policy provides an income tax deduction and is a wonderful gift to support local nonprofit organizations.

Charitable Lead Trust

The charitable lead trust (CLT) is the reverse of the CRT. The trust distributes income to the charity for a period of years or throughout your lifetime, with the assets returning to you or, more typically, to family members. The CLT allows you to make a significant gift to charity and transfer assets to family members with reduced or no gift and estate taxes.

Charitable Gift Annuity

A charitable gift annuity is similar to a CRT, providing a guaranteed income stream to you and your spouse or someone else for the rest of your lives. You transfer the property to Jefferson Community Foundation and receive a charitable tax deduction for a portion of the transfer. You also avoid capital gains tax and future estate taxes on appreciated gifted property.

Charitable Remainder Trust

A charitable remainder trust (CRT) permits you to make a gift and receive income in return. By using Jefferson Community Foundation, you can establish a fund with the trust assets to support important charities. We receive the assets at the end of the trust’s term and provide ongoing stewardship of your charitable wishes. There are additional benefits to this option if you use appreciated assets to fund the trust, as you will not be subject to capital gains taxation. You will also be entitled to an income tax charitable deduction.

There are two types of charitable remainder trusts: unitrusts and annuity trusts. In both cases, the term may be for life or for a period up to a maximum of 20 years. The minimum annual percentage payout is 5%.