How would you like to be remembered?

Let us work with you and your family to establish a legacy gift that will support the causes most important to you. It’s our way of helping you live forever. Named after visionary philanthropist and founder of the Community Foundation, the Baylor Landrum Jr. Society honors people who have made arrangements in their estate plans to create endowment funds at the Community Foundation after their lifetimes.

Watch this short video to learn about the incredible life and legacy of the Baylor Landrum Jr.

Planned Giving Options

Naming your fund at the Community Foundation in your will or trust is an easy way to support your charitable interests.

You can leave a specific amount, a percentage of your estate or what remains after other obligations have been satisfied. You have the option to change the charitable beneficiaries of your fund at any time, without having to rewrite your estate documents. This Sample Bequest Language form provides information to help you or your estate planner incorporate the Community Foundation into your will.

Giving through a Charitable Remainder Trust allows you to receive the income for the life of the trust. Upon termination of the trust, the assets are transferred to a named endowment fund that continues to support your favorite charities.

You may receive an income tax deduction for the present value of the assets in the year the Charitable Remainder Trust is created and funded.

Establishing a Charitable Lead Trust enables you to generate an income stream for charitable gifts now, with the remaining assets going to family members or other beneficiaries later.

Tax benefits may vary, but you may be eligible for an income tax, gift tax or estate tax charitable deduction in the year the trust is funded.

Naming the Community Foundation as a beneficiary of your life insurance policy allows the proceeds to be used to create a new fund or add to an existing one.

Life insurance policies that are no longer needed for their original purpose make meaningful gifts. You can designate the Community Foundation of Louisville as the beneficiary, or you can gift the policy and likely receive an immediate tax deduction. Policy proceeds can establish a Donor Advised Fund for your family’s philanthropy or can establish a fund to benefit your favorite charities.

If you find that the assets in your retirement fund may exceed your needs, the excess may be transferred to your fund at the Community Foundation.

You can minimize the tax implications to your heirs by using the funds to contribute to your favorite charitable organizations.

A Charitable Gift Annuity enables you to make a gift to the Community Foundation and in exchange you are guaranteed income for life.

After lifetime income from your Charitable Gift Annuity has been paid to you or another person, the remainder creates your endowment fund at the Community Foundation. Charitable Gift Annuities are a great way to create your charitable legacy.

Call us and we can help you understand your options.

Mike Schultz
Mike Schultz »
Vice President, Development & Stewardship
502.855.6953
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Heather Cash, JD
Heather Cash, JD »
Director of Gift Planning
502.855.6955
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