August is National Make-A-Will Month, and at the Greater Washington Community Foundation, we want to share an opportunity to expand your philanthropic impact for future generations.
For those who are already giving back, you’ve probably seen firsthand how your contributions can create meaningful change in the Greater Washington region and beyond. But have you thought about how your values and generosity could continue making a difference long after your lifetime?
Why Legacy Planning Matters Now
Recent studies show that many Americans lack a will or estate planning documents—something that spans all income levels and ages. However, for philanthropically-minded individuals, legacy planning isn't just about dividing assets; it's about making sure your values endure, and your impact continues to grow.
When you include charitable giving in your estate plans, you:
Amplify your lifetime giving by potentially making a larger gift than ever possible
Reduce tax burdens for your heirs while supporting causes you care about
Create a lasting legacy that reflects your values and commitment to community
Inspire family members to continue a tradition of giving
Simple Steps, Lasting Impact
Legacy giving doesn't always have to require complex financial instruments or massive wealth. Some of the most meaningful planned gifts come from thoughtful individuals who simply:
Name your fund or favorite charitable organization in your will, trust, or through a beneficiary designation. Leaving a lasting legacy to a fund at The Community Foundation is simple and straightforward. Our team can provide you and your estate planner with sample bequest or beneficiary language tailored to your needs for review with your advisor.
Consider appreciated assets. Donating stocks, mutual funds, real estate, or other appreciated assets can provide significant tax advantages while creating a substantial charitable impact.
Explore life insurance options. Naming your fund or preferred organization as a beneficiary of a new or existing life insurance policy can create a substantial legacy gift at a relatively modest current cost.
Take Action This Month
This Make-A-Will Month, we encourage you to schedule a free, confidential consultation to discover how legacy giving can boost your charitable impact or request a complementary Estate Planning Guide.
Our gift planning team can work closely with you (and your professional advisors) to ensure your legacy plans align with your current fund agreement and philanthropic goals. We handle the administrative details so your family can focus on honoring your memory and values.
We'd be honored to help you take the next step to ensure that commitment continues to support the change you want to see in the world. Contact us now at: 202-955-5890 or email us at [email protected].
Thank you for your continued trust in the Greater Washington Community Foundation and for all the ways you make our community stronger.