If you have been left an amount of money or property in someone’s will, or you are thinking about what legacy you will leave when you are gone, we’re here to help.
Death and dying are difficult to talk about, but using your legacy to its best effect is one area of our expertise.
You may choose to ask the Foundation to allocate your gift to one of our existing funds. Alternatively, you may decide to create a named fund to support your own particular charitable interests as well as ensuring your name lives on in the future. If you wish, this option allows your family to have an input on how the funds are distributed too.
Charitable gifts are exempt from inheritance tax and could help reduce the total amount of tax paid on your estate. Anyone leaving at least 10% of their estate in their will to charity benefits from an effective reduction in inheritance tax from 40% to 36%. As an accredited Community Foundation, legacies made to Cumbria Community Foundation qualify as a charitable donation.
Whether you are looking to leave a charitable legacy in your will or to commemorate a loved one, we can help to ensure your gift has a lasting impact. If you want to explore how you can change lives, contact Andy Beeforth, Chief Executive on 01900 825760 or email email@example.com.
We recommend that you seek professional advice from a solicitor before writing or amending your will.