bequests
A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a planned/estate gift be made to family, friends and/or the Pasadena Community Foundation as part of your estate plan.
- You can gift a specific dollar amount or asset
- You can gift a percentage of your estate
- You can gift from the balance or residue of your estate
named beneficiary of certain assets
Another way to leave a charitable gift from your estate is to designate the Pasadena Community Foundation as a full or partial beneficiary of certain assets such as a life insurance policy, an IRA, or other retirement plan (401K, 403B, etc.).
what is unique about pcf?
Typically, a bequest made to PCF creates a named endowment fund that becomes a perpetual legacy for you or your loved ones. In partnership with your advisor, PCF helps you create a Statement of Purpose for the fund to be created in the future. We refer to them as Future Funds.
- You may create a fund that supports PCF’s local grantmaking in the greater Pasadena area. This fund can be unrestricted or restricted to an area of personal interest such as Arts & Culture, Environment, Education, Health, Human Services or Youth. Annual distributions from the endowment you create will get pooled with other endowments held by PCF to support local nonprofits.
- You may create a designated fund to support a specific charity. The endowment will be held by PCF and the annual distribution will support the charity in perpetuity.
- You may create a fund in which your children become advisors to the charitable fund and recommend distributions from grants to charities anywhere in the U.S.—much like a family foundation but without the administrative burden.
Contact: Jennifer DeVoll at (626) 796-2097 ext. 101 or jdevoll@pasadenacf.org
PCF is a 501c3 public charity Tax ID# 20-0253310
