Legacy Funds
How It Works
We work with you, your family and your financial advisor to plan how your charitable assets will be distributed after your lifetime. Then you set up a legacy fund or endowment that will receive the designated assets from your estate.
Legacy funds are:
Personal
- You decide the name of your legacy funds at the Community Foundation Tampa Bay.
- You can establish a legacy in honor or memory of a loved one.
- We ensure that your charitable intent is maintained for generations to come.
Customized
- You may name your heirs as successors to your legacy fund.
- You may name multiple nonprofit beneficiaries.
- You may modify or cancel the agreement without penalty if you change your estate plans.
Efficient
- The Community Foundation can receive gifts designated in a will or estate plan. That includes cash, life insurance policies, IRAs, 401(k) plans, real estate, charitable gift annuities and charitable remainder trusts.
- Your written legacy plan sets the rules for how we administer your estate gift.
- You can modify your legacy plan easily without changing your estate documents.
Financial Facts
- May be invested by your own investment manager or in the Community Foundation’s portfolios.
- Can be established for any amount.
- May qualify for the estate tax charitable deduction.
- Are free of fees until the Community Foundation receives the assets.
Community Foundation Tampa Bay has been growing philanthropy in Hillsborough, Pinellas, Pasco, Hernando and Citrus counties since 1990. Whatever good you are inspired to do, we are here to help you do it.
EIN# 59-3001853
“Community Foundation Tampa Bay” is registered in the U.S. Patent and Trademark Office.
COMMUNITY FOUNDATION TAMPA BAY IS A PUBLIC CHARITY RECOGNIZED AS A TAX EXEMPT ORGANIZATION BY THE IRS UNDER SECTION 501(C)(3). COMMUNITY FOUNDATION TAMPA BAY MEETS ALL REQUIREMENTS SPECIFIED BY THE FLORIDA SOLICITATION OF CONTRIBUTIONS ACT. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE OR VIA THE INTERNET AT https://www.fdacs.gov/Divisions-Offices/Consumer-Services. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE. THE FOUNDATION’S STATE REGISTRATION NUMBER IS CH793.
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4300 W. Cypress Street
Suite 700
Tampa, FL 33607
Phone: 813.282.1975
Fax: 813.282.3119
110 Central Ave.
St. Petersburg, FL 33701
Phone: 727.777.5858
