How would you tell the story of you? Your values. Your hopes. Your desires.

When you make a charitable gift to your community foundation through values-based giving, your life’s work and what you care about most live on. You are creating your own legacy…your story that will be told for generations to come.

 

1Define your passion: What causes are close to your heart? Do you want to respond to a need in the community, support a charity, provide access to higher education, or honor the memory of a loved one?

 

2Create a fund or give to an existing one: We will work with you to create a fund that aligns your interests with your charitable and financial goals. Your fund can be either broad or benefit a specific impact area.

 

3Decide what and when to give: You can donate a wide variety of assets to build your fund or give to an existing one. You can give now with liquid assets or make plans to give into the future through planned giving.

 

4Entrust the details to BACF: We can easily start a fund for you and will keep track of all the administrative burden so that you can focus on your passions! You can coordinate gift planning with your professional advisors.

 

5Make adjustments when needed: If your situation or interests change, we can help adjust your giving strategy. If a nonprofit organization that you fund ever closes or changes its mission, you can rest assured that even after your lifetime, BACF will preserve your original intent.

 

6See impact For good. For ever. Your gifts are turned into grants to nonprofit organizations or scholarships to local students pursuing higher education. Establishing an endowed fund ensures that your work will continue on forever.

 

Planning Today to Give Tomorrow

One way of giving is to include a charitable gift in your will or trust. When you combine your charitable goals with your estate planning, you can minimize your tax burden, provide for your family, honor loved ones, leave a legacy in your name, and reinforce your personal values. You can even make contributions to your favorite causes that you may not have the financial resources to accomplish while alive. Sometimes, you can even receive income during your life in exchange for a charitable gift.

Do you want to:

  • Give charitably from your estate while still leaving some for family? Distribute your estate into percentages, giving a share of it to Bay Area Community Foundation, which can be distributed to a number of causes.
  • Make a significant gift at little cost to you? Name Bay Area Community Foundation as a beneficiary of an existing life insurance policy.
  • Avoid tax on retirement plan assets? Retirement plan assets are the most heavily taxed. Make BACF a beneficiary and leave other assets to your family.
  • Wait to give until you know you will no longer need the resources? Consider a bequest in your will or trust.
  • Supplement income for life and make a charitable gift at the same time? Establish a charitable gift annuity or a charitable remainder trust.
  • Reduce gift and estate tax when passing assets on to family? Consider a charitable lead trust.

 

Distributing your estate’s charitable gifts

Bay Area Community Foundation offers you flexible options to make distributing the charitable portion of your estate simple for your estate executor and easy for nonprofit recipients. Leave your estate, or a portion of your estate, to BACF and specify how much you want each organization’s endowment fund to receive. We handle the rest. By investing in their endowment funds, you help ensure the organizations will continue to thrive for years to come. Partnering with us saves you money now and time later when giving through your estate plan.

We are here to help. Give us a call at 989-893-4438.

How to Say It

It’s easy to make a gift by insurance policy, IRA beneficiary designation, or other asset. The following wording in your will can get you started:

I give, devise, and bequeath to Bay Area Community Foundation the sum of (or a specific asset or percentage of estate).

For as many motivations as there are to give, there are ways of giving. View and download our guide to help you and your professional advisor determine the custom giving solution that's right for you.

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Pere Marquette Depot in Downtown Bay City

1000 Adams St., Suite 200
Bay City, MI 48708
Phone: 989.893.4438
Email: bacfnd@bayfoundation.org
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