For nearly three decades, I’ve had the joy of meeting with individuals and families as they write their wills – usually with the help of their lawyer – and listening to them describe the people who are or have been important to them in life. Of course their parents, siblings, or children are often mentioned, sometimes a beloved teacher or coach.
Taking the time to create a will can feel daunting, but one way to make the task more interesting is to consider whether – and how – you’d like to give back to your community after you’re gone. That’s where we come in. Berks County Community Foundation offers a unique and powerful way for individuals to make a lasting impact in their community by creating a charitable fund through their will.
Creating a fund through a will is an easy and meaningful way for you to support causes and organizations that align with your values and passions. This can be done by including a provision in the will that directs a specific asset or portion of the estate to the Community Foundation, which will be used to establish a named fund in your memory or in honor of a loved one.
The process of creating a fund through a will is relatively simple. You can work with your attorney to include language in your will that directs assets to the Community Foundation. You can also consult with our staff to determine the most appropriate type of fund for your charitable interests and goals. Once the will is executed, we’ll work with your executor or personal representative to establish the fund according to the instructions provided in the will.
The benefits of creating a fund through a will at the Community Foundation are numerous. Not only does it provide a way for you to make a lasting impact in your community, but it also offers a range of giving options, such as unrestricted funds, field of interest funds, and designated funds. This allows you to support a specific cause or organization, or to give the Community Foundation the flexibility to respond to the changing needs of the community over time.
In addition to the charitable benefits, creating a fund through a will also provides a number of personal benefits. It can help to ensure your assets are distributed according to your wishes, and it can provide a way for you to leave a lasting legacy in memory of a loved one. It can also be a way for you to make a difference in the lives of others, even after you are gone.
Overall, creating a fund through a will at the Community Foundation is a powerful way to make a lasting impact in your community. It’s easy to set up and provides a range of giving options, allowing you to support the causes and organizations that are important to you while also leaving a lasting legacy.