A gift in your will is one of the easiest and most flexible ways that you can leave a gift to Nebraska Community Foundation or an affiliated fund that will make a lasting impact.

Benefits of a gift in your will

• Leave a lasting legacy with your gift
• Continue to use your assets as long as you need to
• Reduce the burden of taxes on your family

How a gift in your will works

A gift in your will is one of the easiest gifts to make. With the help of your professional advisor, you can include language in your will or trust specifying a gift to be made to family, friends, Nebraska Community Foundation or an affiliated fund as part of your estate plan, or you can make a gift in your will using a beneficiary designation form.

Here are some of the ways to leave a gift in your will to Nebraska Community Foundation

• Include a gift Nebraska Community Foundation in your will or revocable trust
• Designate Nebraska Community Foundation or an affiliated fund as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
• Name Nebraska Community Foundation or an affiliated fund as a beneficiary of your life insurance policy

A gift in your will may be made in several ways

• Percentage – make a gift of a percentage of your estate
• Specific – make a gift of a specific dollar amount or a specific asset
• Residual – make a gift from the balance or residue of your estate

A beneficiary designation gift is a simple and affordable way to make a gift to support Nebraska Community Foundation or an affiliated fund. You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

Benefits of a beneficiary designation gift

• Leave a lasting legacy with your gift
• Continue to use your account as long as you need to
• Simplify your planning and avoid expensive legal fees
• Reduce the burden of taxes on your family
• Receive an estate tax charitable deduction

How a beneficiary designation gift works

1. To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
2. Ask them to send you a new beneficiary designation form.
3. Contact us to receive the wording to use on your beneficiary designation form for your gift.
4. Complete the form, sign it and mail it back to your broker, banker or agent.
5. When you pass away, your account or insurance policy will be distributed consistent with the beneficiary designation.

Important considerations for your future

If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

You can make a charitable gift using the beneficiary designation of your IRA, 401(k) or other retirement plans. This type of gift avoids estate and income taxation on the assets accumulated tax-free during your lifetime.

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $111,000 from your IRA to our organization
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization

How an IRA charitable rollover gift works

1. Contact your IRA plan administrator to make a gift from your IRA to us.
2. Your IRA funds will be directly transferred to our organization to help continue our important work.
3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
4. Please contact us if you wish for your gift to be used for a specific purpose.

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the “Make a Gift From My IRA” tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

Life insurance offers flexible ways to make a charitable gift of an existing policy or new policy.

You can make a gift now, get immediate tax benefits, ensure that you or a loved one receives income payments for life, and make a future
charitable gift.