Affiliate Funds
Black Mountain - Swannanoa Valley Endowment Fund Cashiers Community Fund The Fund For Haywood County Highlands Community Fund The McDowell Endowment The Fund for Mitchell County Rutherford County Endowment Transylvania Endowment The Yancey Fund
Women for Women
Browse Affiliates Funds
Black Mountain - Swannanoa Valley Endowment Fund Cashiers Community Fund The Fund For Haywood County Highlands Community Fund The McDowell Endowment The Fund for Mitchell County Rutherford County Endowment Transylvania Endowment The Yancey Fund
mountain fog
Sample Language

How It Works

Through a bequest, a client may make a contribution to an existing fund or establish a named endowment fund. Either option ensures that their charitable wishes will be carried out forever.

If your client is planning a gift to CFWNC sharing that information with us helps us prepare to steward the gift, and, as appropriate, recognize your client for their expected gift and generosity. The acceptance of a planned gift is determined by the Foundation's Gift Acceptance Policy at the time the gift is realized.

Bequest Language

I/we give and bequeath to The Community Foundation of Western North Carolina, Inc. (EIN: 56- 1223384) (all the residue of my/our estate OR stated percentage of estate OR a stated sum OR a specific asset), which I/we own at the time of my/our death(s) or over which I/we have power of disposition. The Community Foundation of Western North Carolina, Inc. shall administer said gift for the sole benefit of, and in accordance with, the provisions of its Articles of Incorporation and any amendments or additions thereto at any time made.

For Clients who have Created a Fund at CFWNC

I/we direct that this distribution be added to and become part of the (NAME OF FUND) held and administered by The Community Foundation of Western North Carolina, Inc., in accordance with the provisions of the agreement establishing said Fund.

Beneficiary Designation

Using the form provided by the bank, financial service firm or plan administrator, name The Community Foundation of Western North Carolina, Inc. (EIN: 56- 1223384) to receive a percentage of plan assets.

Clients who plan to give from their estate by beneficiary designation without making a current gift can create a legacy fund to specify their charitable wishes, then amend their agreement at any time without needing to update their legal or financial documents.

Bequests of Real Property

I/we give and bequeath to The Western North Carolina Real Estate Foundation, Inc. (EIN: 26-1998057), a supporting organization of The Community Foundation of Western North Carolina, Inc. (EIN: 56- 1223384) (any real property which I/we own at the time of my/our death(s) or over which I/we have power of disposition/the real property located at specific address). The Western North Carolina Real Estate Foundation shall administer said gift for the sole benefit of, and in accordance with, the provisions of its Articles of Incorporation and any amendments or additions thereto at any time made.

I/we direct that the proceeds from this gift be added to and become part of the (NAME OF FUND) held and administered by The Community Foundation of Western North Carolina, Inc., in accordance with the provisions of the agreement establishing said Fund.

Want to know more?

Contact Becky Davis

Senior Development Officer

828-367-9905

Email Becky

"CFWNC has been an important resource to me and my clients. In situations both complex and simple, I know that the staff will guide us toward the smartest way to make a gift or create a legacy. I count on their experience, expertise and integrity."

Sarah Thornburg

What are the advantages?

A bequest is a gift designated in your will. Upon death, that gift is transferred from your estate to The Community Foundation. A bequest is a simple way to leave a legacy of caring for the issues, organizations or community most important to you during your lifetime.

  • You can make a bequest at any time and at any age by adding to your existing will or drafting a new one.
  • You can contribute to an existing fund or create a new named fund of any type.
  • Your gift is excluded from estate taxes.
  • Your intent for the purpose of your fund and grantmaking are honored by The Community Foundation forever.
  • Our professional staff handles all the details of establishing and operating the fund created or endowed by your gift.
  • Your gift continues to grow when you create an endowed fund. Endowment funds use only investment income for grantmaking, preserving and growing the principal as a permanent source of charitable capital.

Your bequest can include cash, appreciated stocks, property or other assets. Retirement plan accounts are particularly attractive for bequests, since heirs would otherwise be taxed on the income. Email our development staff to learn more.

Drs. Jill Vargo and Tony Sciara smiling while holding their 2 dogs
About

Drs. Jill Vargo and Tony Sciara worked with The Community Foundation to plan their legacy and support their community in ways meaningful and important to them. They established the Flying Doghouse Fund, an expectancy fund that provides a place and a plan for the future.