There Are Many Ways You Can Give to the Scholarship Endowment Fund
With a legacy gift to the Heritage Classic Foundation Scholarship Endowment Fund you can help us fund scholarships for local high school seniors for generations to come. Planned giving allows you to establish a charitable legacy while also providing you with significant financial and tax benefits.
Here are giving strategies that will help us continue to award bright students the funding they need to receive a college degree.
Charitable Bequest - Wills or Trusts
Name the Heritage Classic Foundation Scholarship Endowment Fund to receive all or a portion of your estate through your will or trust, reducing estate taxes while creating a charitable legacy.
Charitable Gift Annuity
You make a
charitable gift and you and/or someone you designate can receive
lifetime income. The remainder goes to the Heritage Classic Foundation
Scholarship Endowment Fund, potentially reducing and deferring capital
gains tax
and reducing probate costs and estate taxes.
Charitable Trusts
A charitable lead trust or several types of charitable remainder trusts create valuable options in estate planning by providing tax savings, a significant gift and income for either a charity or family members.
Life Insurance Policies
Naming the Heritage Classic Foundation Scholarship Endowment Fund as a beneficiary of your insurance policy enables you to create a charitable legacy without invading cash and other assets designated for your heirs.
Retirement Account Assets
Double taxation on retirement plan withdrawals decreases their value for your heirs. Consider providing other assets to heirs and naming the Heritage Classic Foundation Scholarship Endowment Fund as the beneficiary of your retirement accounts. You can save taxes and preserve your hard-earned assets for the good of your community.
For More Information
In addition to working with us, we recommend you consult your professional advisor to determine the best vehicle to meet your goals.
Contact Emmy Rooney at the Community Foundation of the Lowcountry with any questions at erooney@cf-lowcountry.org or 843.681.9100.