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Bequest by Will

A personal legacy of givingt

Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through the Del Mar Foundation,
it benefits the community forever and becomes your personal legacy of giving.

How it works

• You include the Del Mar Foundation in your will as a bequest; we can help you or your attorney with recommended language.

• Your gift is recognized in the Legacy Society in your name, in the name of your family, or in honor of any person or organization you choose.

• Your charitable gift is excluded from your assets for estate tax purposes.

• Our Board and staff considers your charitable wishes and determines the areas of community need that would be most impacted by grants from your gift.

• Our board issues grants in the name of the Legacy Society membership you establish (if you prefer, grants can be made anonymously).

• We handle all the administrative details.

• Your gift can be placed into an endowment that is invested over time. Earnings from your gift are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.


More benefits

Making a bequest to the Del Mar Foundation is an easy way to transfer assets to charity. And, you can decide to do it at any age by adding to an existing will or drafting a new one. In doing so you leave a legacy to your community, while enjoying the assets you need to maintain your current lifestyle. Plus, you are able to distribute some or all of your assets, tax free.

You can give cash, appreciated stocks, or other assets. Some of the most tax-efficient asset types to give through your estate plan come from retirement plan accounts, since retirement accounts can be subject to both estate and income taxes. Through your will,
you can choose to give a stated dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or you can make your gift contingent on certain events.

The gift of a lifetime

Mary Jones and her husband live in Del Mar and enjoy the area and quality of life. They really enjoy the summer concerts and the children’s programs that the Del Mar Foundation sponsors. After her husband passed away two years ago, Mary decided it was time for her to update her will. Part of her plan was to give something back to the community the Jones’ had loved. “Not only did Ray and I love our town, but we felt as though we should give back,” says Mary. With the help of her professional advisor, Mary revised her will to include an inheritance for the Jones’ college-age niece, with the remainder creating the Mary & Raymond Jones Gift, a Del Mar Foundation Community Endowment Gift. Because
it will be endowed, her gift will provide a growing source of community funding for Summer Twilight concerts, and children’s programs. “I like knowing that when I’m gone, our legacy will be one of helping others come together in Del Mar,” says Mary.

This is a donor scenario, a releastic composite of giving stories. It is not an actual Del Mar donor story.


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