Perpetual Support for Your Community

The Generations Fund is often referred to as planned giving or estate planning. Philanthropic-minded individuals who want to leave a lasting impact on the community in which he/she/they live establishes a giving plan well before their passing.

We encourage all community members to consider leaving a Generations Fund gift. Making a bequest is one of the simplest and most impactful gifts you can make. With the guidance of a financial advisor, you can include language in your will or trust specifying a gift to be made to your family and the Broomfield Community Foundation as part of your estate plan.

Benefits of Planned Giving Bequests:

• Receive estate tax charitable deduction.
• Lessen the burden of taxes on your family.
• Leave a lasting legacy.

Participating in the Generations Fund is a straightforward process requiring two steps.

1) You can include the Broomfield Community Foundation in your estate plan through your will or trust. You can also contribute to a charitable gift annuity, life insurance, retirement fund assets, or a charitable remainder or lead trust. To officially have deferred giving in place, you must have bequest language in your will or trust or on specified accounts list beneficiary designation.

A bequest is a financial term describing giving assets, such as stocks, bonds, jewelry, and cash, to individuals or organizations through the provisions of a will or an estate plan. Bequests can be made to family members, friends, institutions, or charities. Sample bequest language can be found HERE.

2) Inform us you have made these arrangements, and let us know if you would like your name included in future listings  or if you would like to be included in future meetings and gatherings. We are happy to respect your wishes if you want to participate anonymously.

As a beneficiary of your deferred gift, the Broomfield Community Foundation is charged with the legal and fiduciary responsibility of carrying out your wishes. We are deeply committed to recognizing and addressing community needs and identifying high-impact funding opportunities, ensuring that your contribution makes a significant difference in perpetuity.

Should you have any questions about planned giving please contact Executive Director, Dion West, by phone:

303.469.7208 or by e-mail at dion@broomfieldfoundation.org.

PLANNED GIVING Options

Two of the most significant assets of most Americans are typically transferred via beneficiary designations.

They are:

1) Qualified Retirement Plans

By naming Broomfield Community Foundation as the beneficiary of a qualified retirement plan, you not only accomplish your charitable goals but also retain complete control over the assets while living. This control ensures that at your passing, the remaining assets are passed to Broomfield Community Foundation free of both estate and income taxes, a decision you make with full autonomy.

Beneficiaries are typically named when the IRA or other qualified retirement plan account is first established. Changes to your beneficiaries are generally easily made and displayed through the process of the financial service company that manages your retirement plan (typically through their online portal).

2) Life Insurance

A gift of your life insurance policy is an excellent way to make a gift to us. If your life insurance policy is no longer needed or will not benefit your survivors, consider making a gift to help further our mission.

Similar to retirement plans, naming Broomfield Community Foundation as the beneficiary of a life insurance policy or your donor-advised fund is a straightforward process. It involves filling in a change of beneficiary form from your plan/fund administrator, a simple step that ensures your charitable intentions are met.

Beneficiaries are named during the application process and can be changed via the issuing company's specific process. This flexibility allows you to consider naming both primary and secondary beneficiaries, ensuring your wishes are respected. A similar process exists for commercial annuities owned through a life insurance company. 

Be sure to let us know you have named us the beneficiary so we can contact the insurance company or fund at the appropriate time and put your gift to work as you intend.

ADDITIONAL GIFT OPTIONS

Gifts of Stocks and Bonds

A gift of your securities, including your stocks or bonds, is an easy way for you to make a gift. By giving your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets.

Gifts of Retirement Assets

A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension, or other tax-deferred plan, is an excellent way to make a gift. By making a gift of your retirement assets, you will help further our work.

Gifts of Cash

A gift of cash is a simple and easy way for you to make a gift. You will receive a charitable tax deduction that will provide you with savings on this year's tax return.