Leave Your Mark… Create a Lasting Legacy

Bruce DixsonMany people establish legacy funds at our Community Foundation while they are alive; others make provisions for an end-of-life gift as part of their will or estate plans.  Legacy gifts provide ongoing funding for something you care about for years to come.

Thinking about your charitable legacy

As you think about your own charitable legacy, here are some questions you might want to consider: Are there family members (your parents, your spouse or another loved one) you would like to honor and memorialize by setting up a legacy fund in their name to support something near and dear to their hearts?

Is there a group where you are a member (e.g., your church, a service club) or an organization which you would like to support by setting up an endowment to continue providing annual contributions of financial support in your name?

What community organizations or causes have you been involved with – as a client, volunteer, donor or board member – that mattered the most to you? Why is this organization or cause important to you? Would you want to support it in an ongoing way?

Why Choose Western Colorado Community Foundation?

  • Commitment to western Colorado – we are a regional, placed-based organization whose board and staff all live in the community.
  • Maximum tax benefits – we are a 501(c)(3) public charity offering full charitable tax deductions as allowed by the IRS.
  • Complex gifts – we can accept a wide range of assets, from cash and stock to real estate, royalty interests and business holdings.
  • Administrative ease – we take care of all legal, tax and accounting reporting so you don’t have to.
  • Low fees – our administrative fees are less expensive than establishing a private foundation.
  • Community expertise – we conduct research and share our knowledge of community needs and nonprofit organizations with our donors to help them maximize their philanthropic impact.
  • Community of donors – you are part of a larger circle of donors who can learn from each other and work together to make a difference.
  • Charitable legacy – your donation will be well-managed and used for the purposes you intend, invested over the long-term and benefiting the community for generations.

Ways to Establish a Legacy Endowment

Most common ways to establish a charity in an estate plan are below.

Bequests by Will or Trust – a bequest can be a specific sum of money willed to an existing fund or one that you would create ahead of time. It can also take the form of a percentage of your estate or a specific asset such as your IRA account or a house or other types of real estate. In addition, our Community Foundation can be named as the residual beneficiary of your estate, a contingent beneficiary or as the ultimate recipient of the assets of a charitable remainder trust.

IRA or Qualified Plans – when someone passes away, retirement assets are included for estate and income taxes – often up to 86%. Making a charity a beneficiary of your IRA or retirement plan prevents the funds from becoming a liability of your estate, and your end-of-life donation is made with pre-income tax funds.

Charitable Remainder Trusts – this planned giving strategy is ideal for donors who want to provide a life-time income stream for themselves, their spouse or children. The tax benefits of this type of trust are substantial. Upon the donor’s death, WCCF becomes beneficiary of the remaining assets in the trust.

Charitable Lead Trust – this planned giving strategy is ideal for donors who want to provide a stream of income to the community foundation now, and have the principal in the trust revert to beneficiaries (typically family member) at the end of a finite period of time.

Legacy Society

Our Community Foundation appreciates and recognizes the planning and foresight of scores of individuals and couples who have made provisions to leave a charitable legacy gift to benefit western Colorado and have included WCCF in their will or estate plan. Please let us know about your plans so that we may thank you and keep you up-to-date on our activities. And, if you are comfortable, we’d like to recognize you as a member of our Legacy Society.

Thank you!

Liane Abrams
Dale and Donna Albertson
Michelle Alford*
Dave Armlovich
Tillie and Pat Bishop*
Roger and Janet Blind
Dee Blue
John Breckinridge
Elaine and Jim Brett
Bill and Rouene Brown
Lynn (Gus) Brownson
Bernie and Mary Beth Buescher
David Butler
Ed and Barb Chamberlin
Rod and Nina Christ
Genevieve Clough*
Lulu Colby
Anita Cox and Bill Ekstrand
Bob and Kate Denning
Anne Devine and Ray Cozzens
Bruce Dixson*
Mike and Mary Doring
Norman Dorsey
Martie and Rich Edwards
Adele Filener
Peggy Foster*
William and Kathleen Frey
Elizabeth Fulton
Richard Gamble
Jan and Mike Gage
Evelyn Haley*
Cheryl and Gordon Hebenstreit
Steven Hilbert and Phyllis Stephens
Tom and Sue Hillhouse
Quincy Hines
Laura Horan
Tom Huerkamp*
Johnson Family Charitable Lead Trust
Anita Johnson*
Eric S. Johnson*
Russel and Dorothy Johnson*
Doug and Laura Johnston
Samuel and Lana Kevan
Don and Shirley Kramer
Edwin Krebs
Stan and Pam Lochrie*
John Lorentzen
Sheila Maki
John and Janet Mayerik
Dennis and Alice McCary
Charles David McKean*
Carol Minion*
Kathleen A. McGinley
Richard Moore and Sharon Riegel
Virginia Reed Moore*
Dave and Crystal Murphy
Avon E. and Shirley F. Myers
Karen Nicholson
Mardell Niles*
Doug and Becky Noble
Brian and Joyce Olson
Tanya Pappas
John and Verda Patterson
Romagean Personne
Wendell (Del) and Nancy Petty
Gary and Kathy Pfeufer
Gregg and Sandy Pietak
Frank and Josephine Prinster*
Joe and Del Prinster*
Tony and Sally Prinster
Bill and Wanda Putnam
Charlie Quimby and Susan Cushman
Jane Quimby*
Fred and Susan Rainguet
Perry Rashleigh*
Robert Ringstrand*
Grace Roberts
Dorothy Ross*
Kay Sather
Al and Jean Schiesswohl
William Selden
Robert Shales*
Verne and Diana Smith
Roger and Sharon Sollenbarger
Charlie and Vicci Spencer
Linda Spencer
John Sprendrup
LaVerne Starbuck*
Thelma Starner
Helen Stenmark
Jim and Melissa Sullivan
Hal, Mary, and Norma Sundin
Pam Szédelyi
Susan and Gary Timm
F.A. Wise and Susan E. Treece
Steve and Wendy Vanderhoof
Joe Virgona and Mary Mastin
Ellen Jo Waldeck*
Jack and Lorraine Walker
Steve and Lenna Watson
Lynn Wegener and Karen Combs
Bill Welch and Laurae Fortner Welch
Anne Wenzel and David Miller
George Wheeler
Jim and Debbie Widdows
Dixie Lew Williams*
Felicie Williams*
Harry Willson
Nancy T. Wilson
Arlena Wood
Dave and Mary Wood*
*Denotes a planned gift that has matured

These are individuals who have informed WCCF of their intentions. We do not mean to omit any names.

If you have made plans for a future gift and would like to be recognized as a member of our Legacy Society or would like more information about planning a charitable legacy gift, please call (970) 243-3767.