Include a statement in your will that specifies an amount or a share of your assets shall be distributed to Greater Worcester Community Foundation for purposes you stipulate. A gift by will reduces your estate tax.
You want to make sure your bequest benefits the community in perpetuity. Let’s say you establish a fund for a specific organization and in twenty-five or fifty years it ceases to exist. In that situation, the Foundation has a fiduciary responsibility to find another organization that most closely matches the mission of the original organization. This can be done without having to go probate court saving the cost and hassle of legal fees and hurtles. By supporting organizations through a fund at the Foundation, your legacy is never lost in fact, it will have increased due to growth in our investments
Contact Kelly Stimson
Director of Donor Services
370 Main St. Suite 650, Worcester, MA 01608 (508) 755-0980 Email us Enews Signup
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