Giving Later

Your legacy of giving back can continue forever through a fund at the Community Foundation of Southern Indiana. At CFSI, we’ll work with you individually, or, if you, choose with your family or advisor, to develop a charitable plan that will continue after your lifetime. Your fund will continue in perpetuity and the organizations you care about will continue to receive your support.

How It Works

Once you’ve decided that leaving a charitable legacy is important to you, we’ll work personally with you to capture your charitable vision in a written Fund Agreement, which is kept on file at the Foundation. The fund agreement lays out exactly what your charitable intent is so that future leaders of the Foundation know what organizations or causes your fund will to support. Then, at some future point when the fund receives assets from your estate, it will begin carrying out your legacy by making distributions in your fund’s name to those causes listed in your fund agreement.

Once your fund is established, you won’t have to revise legal documents if your wishes change over time. All you need to do is call us and we’ll make revisions to the fund agreement during your lifetime – making your charitable giving easy, flexible and meaningful.

---

Ways to Give Later

• Bequest by Will or Trust
• Beneficiary Designation Gifts – IRA, Life Insurance, or Qualified Plan Assets
• Charitable Gift Annuities
• Charitable Trusts
• Close Held Business Interests Including Subchapter S-Stock

---

Will and Estate Sample Wording

With the language suggested below, you can include a charitable bequest to benefit your fund at the Community Foundation.

Language for IRA or Insurance Beneficiary Designation
Beneficiary: The Community Foundation of Southern Indiana, Inc. (Tax ID # 35-1827813) for the _________________ Fund.

Language for Bequest
I give and bequeath _________________________________ (describe gift) to The Community Foundation of Southern Indiana, of New Albany, Indiana, to be held as a component fund known as the “____________________ Fund.” This fund was separately created for the charitable purposes agreed to by me and The Community Foundation of Southern Indiana.

Language for Living Trust
At the termination of the trust, Trustee will distribute the remaining trust assets to The Community Foundation of Southern Indiana, Inc. to be held as a component fund known as the “__________________ Fund.” This fund was separately created for the charitable purposes agreed to by me and The Community Foundation of Southern Indiana.

Language for Charitable Remainder Trust
Distribution to Charity. Upon the death of the survivor Recipient, the Trustee shall distribute all of the then principal and income of the Trust (other than any amount due either of the Recipients or their estates, under the provisions above) to THE COMMUNITY FOUNDATION OF SOUTHERN INDIANA (hereinafter referred to as the “Charitable Organization”) to be held as a component fund in accordance with the terms of the agreement with the Foundation for the “_______________ Fund.” If the Charitable Organization is not an organization described in sections 170(b)(1)(A), 170(c), 2055(a), and 2522(a) of the Code at the time when any principal or income of the Trust is to be distributed to it, then the Trustee shall distribute such
principal or income to such one or more organizations described in sections 170(b)(1)(A), 170(c), 2055(a), and 2522(a) as the Trustee shall select in its sole discretion.

---

Questions on your options?