Leave just 5% of your estate and you’ll change lives
Believe it. In the next 25 years, people in Ingham, Eaton and Clinton counties will leave more than $17 billion to their children, grandchildren and relatives through their estates.
And if everyone — including you — leaves just 5% to the community’s endowment, we can change the future of the capital region.
Just 5% would result in $879 million in charitable gifts over the next 25 years. That’s almost a billion dollars. And that amount of money could yield almost $44 million in grants for our community. Every year.
What could that mean for our community?
So much. Consider the possibilities:
- We could ensure that every child entering kindergarten is ready to learn and succeed.
- We could support mental health services for everyone in need.
- We could feed 12,000 hungry families for an entire year.
We could change the future of the capital region. We can’t imagine a better return on investment than that.
5% for the Future
In the capital region, the greatest wealth transfer will likely happen between 2015 and 2040. Much of this wealth is currently invested in family and vacation homes, retirement accounts and other appreciated assets — some of which may be heavily taxed if given to heirs.
When you give through the Community Foundation, you can establish a fund in your family’s name, in the name of a loved one or in the name of a cause important to you. Endowed funds last forever and grow over time. Earnings are used to make grants in the name of your fund — creating a legacy of giving in and for our community.
5 Easy Ways to Give
We have a plan for every major asset:
- Wills: Create or update your will to include a bequest to the Community Foundation. Have your professional advisor use our giving guide (link to PDF) to consider the full range of options available to you.
- Life insurance policies: Designate the Capital Region Community Foundation (Tax ID Number 382776652) as a beneficiary.
- Retirement accounts: An IRA, 401(k) or other retirement account may lose up to 70 percent of its value through taxes when passed to heirs. Calling your plan administrator to update your beneficiary designation does not require modifying your estate plan.
- Investments: Make a gift of cash, stocks or bonds. You may consider establishing a charitable annuity or trust today and receive income for life, while accomplishing your charitable goals for the future.
And, we can get creative, too.You may have other assets, such as real estate, to consider gifting or you may wish to combine the options above. Talk to us and to your professional advisors to learn about all your giving options and choose the one that’s right for you.
Let us answer your questions about giving. Contact CRCF President & CEO Dennis W. Fliehman.