August is National Make-a-Will Month, an annual reminder about the benefits of creating or updating a will.
Caring.com’s 2024 Wills Survey discovered that only 32% of Americans have a will and 40% of Americans don’t believe they have enough assets to create one.
National Make-A-Will Month is an opportune time to check this critically important item off the to-do list and there’s no better time than the present to consider planned giving. Creating a will is an opportunity to take control of an uncertain future by making financial and estate plans now, instead of leaving it up to loved ones to resolve after one passes away. A will ensures that finances and belongings are used the way the person intends them to be used. It’s also a powerful way to leave a legacy of philanthropy through planned giving.
The Community Foundation of Broward is a go-to resource to help navigate planned giving options. The Community Foundation partners with families, individuals and organizations to create personalized charitable funds that deliver game-changing philanthropic impact. Working in collaboration with a professional advisor, the Foundation helps maximize giving power and creates an endowment that fuels one’s legacy of support forever. An endowment from an estate launches a charitable fund, which through careful investment the Foundation will shepherd and grow for generations to come. By including a gift to the Foundation in a will or estate plan, individuals can lock in future support for an endowed charitable fund to ensure support for causes and charitable organizations that mean the most to them.
Since the Foundation’s inception 40 years ago, it has supported 532 charitable funds representing more than $287 million in assets and distributed more than $190 million in grants. The Foundation transforms the Broward County community through focused leadership that fosters collaboration, builds endowment, advances equity and connects people who care to causes that matter.
When an individual includes the Foundation in their estate plan, they have the opportunity to join the Legacy Society of more than 170 forward-thinking philanthropists who have promised a combined $370 million in estate gifts to the Foundation that will shape a brighter future for Broward. Members get to learn more about the impact of local philanthropy and experience the gratitude of their future gift while they are living.