The NCCF Bequest Society
For many years, the NCCF has been aware that generous people have included local philanthropy in their estate plans by designating future gifts to the NCCF. To recognize these special donors, we have created the Bequest Society of the Northern Chautauqua Community Foundation, a program that enables us to acknowledge this generosity.
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.
Bequest Society Frequently Asked Questions
Is there is minimum amount I must give in order to make a bequest?
No, there is no minimum dollar requirement. Everyone’s situation is different so whatever amount your wish to donate is welcomed and appreciated.
Will my give be tax deductible?
Historically, bequests have been deductible for federal estate tax purposes. In addition, the gift is usually exempt from state inheritance taxes.
How will my gift be used?
You can specify how your bequest is used in your will or trust by designating it for scholarships, general endowment, program support or annual operating support.
What is the quickest and easiest way to make a bequest?
The easiest way to make a charitable bequest to the NCCF is to add a codicil to your current will or trust. If you do not have a will or trust, you should look into establishing one. At that time, you can instruct your attorney or advisor that you wish to include a charitable bequest to the Foundation.
Are there other methods of making an estate gift to the NCCF?
Yes, there are several ways of making a gift from your estate such as gift annuities (providing income for life), retirement funds, life insurance, charitable remainder trusts and others. If you are interested in information on these other giving options, please contact the NCCF office at 716-366-4892 or by e-mailing email@example.com.