Impact Your Community Today and Tomorrow
Through planned giving such as a bequest in your will or naming The Dallas Foundation as a full or partial beneficiary of a life insurance policy or retirement account, you are able to support the organizations and causes you value the most, achieve tax advantages for you and your loved ones and leave a lasting legacy in your community.
A Gift in Your Will or Living Trust
A charitable gift from your estate through a provision of your will is called a bequest. By specifying a dollar amount or percentage of money or the residual of your estate, you may be able to receive a substantial federal estate tax charitable deduction. A charitable gift through your estate may be gifted to an existing fund or may establish a new charitable fund. Click here for Sample Bequest Language.
Naming The Dallas Foundation as the beneficiary of your retirement plan assets, life insurance policy or bank account(s) is another easy, flexible way to give. This allows you to add to or establish a charitable fund upon death. You may review and adjust your beneficiary at any time.
IRA Charitable Rollover
In 2015, Congress enacted a permanent extension of the IRA Charitable Rollover provision. As a result, individuals age 70½ or older can make gifts directly from their IRA to a charity. While a distribution from an IRA cannot go into a donor advised fund, The Dallas Foundation offers several qualifying funds, including Field of Interest Funds and our Community Impact Fund.