Greater Worcester Community Foundation

Making a planned gift — one that benefits the community after your lifetime — is easier than you might think. There are many options. Whatever option you choose, your gift creates a Named Fund that will strengthen and build community for years to come.

Gifts by Will. 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. To learn more, click here.

Pooled Income Fund is an existing trust that pays a share of net income to you or others. After your lifetime, remaining assets support your charitable goals. Minimum gift: $5,000. To learn more, click here.

Charitable Gift Annuity is a contract between you and the Foundation that guarantees to pay you a fixed sum during your lifetime. As with the Pooled Income Fund, assets remaining after your lifetime create a Named Fund to carry out your charitable goals. Minimum gift: $10,000. To learn more, click here.

Charitable Remainder Trusts give you income for life or for a limited number of years. After that time, the remainder is distributed to the Foundation in accordance with your charitable intentions.

Life Insurance policies can be assigned to the Foundation as owner and beneficiary. This way, your premium payments are tax-deductible and a permanent fund is eventually created to support the donor’s charitable goals. To learn more, click here.

Individual Retirement Account (IRA) assets. Naming Greater Worcester Community Foundation as beneficiary of your IRA reduces your estate taxes and avoids the heavy inheritance taxes if given to heirs. To learn more, click here.

Gift of a Retained Life Estate You may donate a residence, farm or other land as a future gift and continue using the property throughout your lifetime. You receive a partial income tax deduction and reduced estate taxes.

To find how a planned gift might help you achieve your long-term charitable goals, contact Ann T. Lisi, executive director, at (508) 755-0980.

Interested in starting a Fund during your lifetime, click here.


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