Bequest by will
Including a charitable bequest in your will is a simple way to make a lasting gift to our community. When you make this gift through Napa Valley Community Foundation, we establish a special fund that benefits the community forever.
How to make a bequest
You can decide to make a bequest to charity at any age by adding a codicil to an existing will or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle. Plus, you are able to distribute some or all of your assets, tax-free. The Community Foundation acts as a steward for the funds, ensuring that your specified charitable interest is carried out in perpetuity. You may also direct your bequest to the Community Foundation, itself a public charity that has been serving Napa County since 1994. Unrestricted bequests to the Community Foundation are given to our Community Endowment.
You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your estate plan come from retirement plan accounts, because heirs would be taxed on the income in respect of the decedent (IRD). Through your will, you can choose to give a stated dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or you can make your gift contingent on certain events.
Sample bequest language (PDF) is available.
Not sure about the best way to give? We're here to help. Contact us, or ask your professional advisor to do so.
