If I am preparing a will for a client who has no particular charitable interests and no need for tax breaks, is there any point in mentioning the Community Foundation?
Yes. It is almost always appropriate to include the Community Foundation for Calderdale as the beneficiary of last resort in every will you prepare, in case of the prior death of all those your client really cares about.
If my client does wish to leave a legacy to the Community Foundation, is it necessary for the will to specify their exact charitable intentions?
No. The will need only specify that the gift is to be made to the Community Foundation for Calderdale. We can work directly with your client, or through you, to develop a written agreement detailing the charitable intent in as much detail as necessary.
What if clients set up a fund to help a certain issue, and then change their mind?
Sometimes the client will become disaffected by a charity or want to add a new one. A simple call to the Community Foundation is all that is required to amend the agreement and this can be done as often as necessary.
What if my client wants to make a gift to several charitable organisations?
By establishing an endowment fund at the Community Foundation, your client can specify how the annual earnings are to be divided.
Don’t we need to specify a particular organisation?
No. One of the benefits of giving to the Community Foundation is its ability to identify and respond to needs in the area for the benefit of the community in general.
What if my client wants to set up an endowment fund for a cause, which may change, or an organisation that may not last forever?
The agreement will allow the Community Foundation to exercise a variance power. For example, if a cure was found for cancer, any fund designated to that cause would be redirected so as to meet a then-current but related need. This ensures that your client’s fund will remain as relevant in fifty and one hundred years from now as it is today.
My client would like to give something back to the Community Foundation, but doesn’t really have enough money to set up an endowment fund. Is there any point in giving to the Community Foundation?
Yes. Your client can set up a Step-Up Fund e.g. 5 gifts of £5,000 would create an active endowed fund. Otherwise, your client can maximise the power of a smaller contribution by making a gift to the general endowment fund.
Can my clients be recognised for their gift during their lifetime?
Yes. While we respect the desire of some people for anonymity, we are always pleased when our supporters allow us to mention their gift in our annual report, on our website and in other publications. Many people also ask us to inform the charities they have designated. Others prefer that this be kept confidential in case they decide to make changes later. We are happy to comply in either case.