Ways to Give Later

Bequests

• Make a gift in your will to CFSCI. This enables you to retain control over your assets during your lifetime and support the community and causes you love later. A charitable bequest can be a specific dollar amount, a percentage of an estate, or what remains after other bequests are made. You can make a big difference in your community by adding simple language to your will.

BEQUEST LANGUAGE

Retirement Plans

• Individual Retirement Accounts (IRAs) or other qualified retirement plans are often one of the best types of assets to leave to charity because they are taxed so heavily when left to heirs. By naming CFSCI as a beneficiary of your retirement plan, you can avoid taxes and preserve your hard-earned assets for the good of your community.

Beneficiary Designation Gifts

• You may name “Community Foundation of Switzerland County, Inc.” as the beneficiary on almost any kind of financial account (bank accounts, 401k, brokerage and investment accounts) and insurance policies. Just ask your financial institution for a “Beneficiary Designation Form” and name the community foundation as beneficiary or contingent beneficiary on your account(s). Always check with your advisors to make sure that this gift is coordinated with your overall estate plan. Then, talk to us so we can document your intentions for the use of your gift. 100% will go to the cause or causes you choose.

Life Income Gifts

• Life income gifts allow us to invest proceeds of assets you donate and then pay income to you, or designated beneficiaries, for life or a set time-period. With these gifts, you get an immediate tax deduction and leave a significant, lasting legacy. Apart from enhancing your income, life income gifts can also be used to remove assets from your taxable estate, reduce or eliminate capital gains tax, and improve income from low-yield, high-value assets.

While it is not required, we at CFSCI would be honored to know if you plan on leaving us in your estate plan so that we can properly thank you.

Contact Melissa Andrew, Development Director, at 812-427-9160 or mandrew@cfsci.org with any questions you may have.