Create A Legacy

Planned giving is a process of making a gift that uses tax, financial and charitable estate-planning techniques to enable a donor to make a sizable gift commitment and receive significant tax and financial benefits (as well as the pleasure of making a gift to something important and worthwhile in the Howard County community.) Future planned gifts to CFHoCo qualify donors for membership in the Howard Legacy Society.


There are several types of planned giving vehicles that donors can utilize in making a future gift to CFHoCo:



    Including a charitable bequest in your will is one of the easiest ways to create a legacy and make a lasting gift to our community. A donor interested in investing in the future of our community can leave all or a portion of their estate to the Community Foundation. When you make a charitable bequest in your will to the Community Foundation of Howard County, we establish a special fund in your or your family’s name that benefits the community forever and becomes your personal legacy of giving. You also will join others who decided to make “legacy” gifts, becoming a member of the Howard Legacy Society.

    Click here for Sample Bequest Testamentary Language.

    For more information or if you have included the Foundation in your will, please email CFHoCo’s President & CEO, Beverly White-Seals, or call 410-730-7840.

    Charitable Trusts

    With a charitable trust, you can create an income stream for yourself and transfer the assets of the trust to the Community Foundation at a later date (“Charitable Remainder Trust”), or you can set it up so that the income is paid to the Foundation for a specified period of time, after which the assets are transferred back to your family (“Charitable Lead Trust”). In addition, transferring assets to a charitable trust may remove them from your probate estate and reduce your taxable estate. Your financial advisor can help you understand the different types of charitable trusts and how they might affect your financial picture. The Foundation does not directly administer charitable trusts, but we will work closely with your tax and legal advisors to provide the information you need to designate the Foundation as the beneficiary of your trust. We also can help you create a named fund at the Foundation to receive your gift and ensure that your gift benefits causes that are important to you in perpetuity.

    For more information on designating the Foundation as a beneficiary of a charitable trust, please email CFHoCo’s President & CEO, Beverly White-Seals, or call 410-730-7840, or contact your estate planning professional.


    Howard Legacy Society

    The Howard Legacy Society is a group of visionary people who have named the Community Foundation of Howard County as a beneficiary in their estate plans. Your gift will have meaning and impact for years to come, and the Legacy Society recognizes this special form of lasting philanthropy.


    Legacy Society Members




    Life Estates

    Life estates give donors a way to make a meaningful gift of real estate to the Community Foundation of Howard County while retaining the right to use the property during their lifetime. Such gifts entitle donors to take a charitable income tax deduction for the present value of the remainder interest of the property and to escape potential capital gains on the property’s appreciation. When the life estate terminates, CFHoCo can sell the property, and proceeds from the sale are used to support the causes the donor has specified.

    For more information on gifting real estate to CFHoCo while retaining a life estate, please email CFHoCo’s President & CEO, Beverly White-Seals, or call 410-730-7840.

    Life Insurance

    Life insurance provides a simple way for you to give a significant gift to charity and establish your legacy with tax benefits that you can enjoy during your lifetime. By giving a paid-up policy or continuing to pay premiums, you may receive a number of tax benefits, including reduced estate and income taxes. If you choose to continue paying premiums through the Community Foundation of Howard County, you will be entitled to a charitable contributions deduction of up to 50 percent of your adjusted gross income.

    Contact CFHoCo to learn more, or contact your insurance agent.