The Baylor Landrum Jr. Society honors people who have made arrangements for gifts to the Community Foundation through their estate plans.
Baylor was the founder and heart of the Community Foundation of Louisville. He helped a fledgling organization develop the fundamental tools to become the largest community foundation in the region. His gifts to the Community Foundation have created a lasting legacy to support the causes that were close to his heart ... forever.

Baylor Landrum Jr. Society members

You can leave your own lasting legacy through a gift in your estate as well. While many legacy gifts are fairly simple, some of the planning options below can be complex, so we encourage you to work with a qualified attorney and financial advisor.  For more information about these options, contact our gift planning staff at 502.585.4649 or via e-mail. 


Outright Estate Gifts

Bequests
A bequest through your will or trust is a wonderful way to provide for your favorite charities while enabling you to retain the use of your assets during your lifetime. You can give a specific dollar amount, a percentage of your estate or the remaining property after all other obligations are fulfilled. 

Retirement Plan Beneficiary Designation
You can designate your fund at the Foundation as the beneficiary of your IRA or other retirement plans.  Retirement plan assets are ideal for charitable giving because they are more heavily taxed than other estate assets. 

Life Insurance Beneficiary Designation
If you are not ready to give up ownership of a life insurance policy, you can contribute the proceeds of a life insurance policy to help your favorite charities after your lifetime.  By naming the Foundation as beneficiary, you retain ownership of the policy and have access to the cash value as well as the right to change the beneficiary.

Life Income Gifts
You can realize the tax advantages of making a gift now, especially of appreciated assets, while still receiving income from that asset. A life income gift offers that flexibility, while ensuring that your charitable intent is met after your lifetime.

After providing income to the beneficiary, the remaining assets create a new named endowment fund, or can be added to an existing Community Foundation fund (including your own). If you haven't already, see Types of Funds.

Charitable Gift Annuity
In exchange for your gift, you and any other designated individuals will receive a fixed income payment for life, part of which may be treated as tax-free return of principal or long term capital gains.  You also receive an immediate income tax deduction for the gift.  These tax advantages increase the net income you receive.  After the last beneficiary dies, any remaining amount is used to create a fund of your choice at the Foundation.

Charitable Remainder Trust
Your gift is placed in a trust that pays annual income to you or other designated individuals for the trust’s term.  The remaining gift amount is used to establish a fund of your choice at the Foundation. You gain significant tax benefits over the term of the trust and decrease the size of your taxable estate.

Charitable Lead Trust
A Lead Trust can be used to build your fund at the Foundation over time, while providing an income tax, gift tax or estate tax charitable deduction in the year it is funded.  At the end of the trust’s term, the balance is transferred to the beneficiaries designated in the trust.