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 the Community Foundation, we establish a special fund that benefits the community forever and becomes your personal legacy of giving.
How it works:
- You include the North Thompson Community Foundation in your will as a bequest; we can help you or your lawyer with recommended language.
- We can work with you to 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 honour of any person or organization you choose.
- Your charitable gift is eligible for a tax credit for estate tax purposes.
- Our professional staff considers your charitable wishes and determines the areas of community need that would benefit the most through grants from your gift.
- Our board issues grants in the name of the fund you establish
(if you prefer, grants can be made anonymously).
- We handle all the administrative details.
- Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.
Notifying the North Thompson Community Foundation
While not a required step in the process of making a bequest to the NTCF, it can be very helpful to notify the Community Foundation of your intent to name it as a beneficiary in your will.
Your legal will takes precedent over any discussion or agreement you have with the Community Foundation, but having that discussion in advance can serve several purposes:
- Having your intentions on file with the Community Foundation helps us ensure that we honour your philanthropic vision in perpetuity.
- The Community Foundation has the opportunity, if you permit, to recognize your intentions and thank you publicly for your commitment to your community.