Testamentary Fund
A testamentary fund offers a meaningful and flexible way to create a lasting philanthropic legacy that reflects your values, ensuring your generosity continues to make a difference long after you're gone.
This fund is created through a gift from your estate, which may come as an immediate bequest, or a planned gift made after a certain period.
Testamentary Fund Overview
How a Testamentary Fund Works:
Working alongside a philanthropic advisor at the Vermont Community Foundation, you'll set up your testamentary fund, helping to shape how the fund is administered. You can choose from several options for how the fund is managed:
Advised
- For those who want to actively participate in grantmaking decisions to one or more organizations, in varying amounts.
Discretionary
- For the donor who wants to select a cause, region, or topic for the fund purpose, then have the Foundation select grantees that match your goals.
Designated
- Directing the funds to one or more specific nonprofit organizations you care about most.
You'll keep a copy of your testamentary fund agreement with your estate documents, and the gift that establishes your fund is fully deductible from any estate taxes, ensuring your gift has the greatest impact.
The Vermont Community Foundation will ensure that the charities you support receive your gift in the name of the testamentary fund you've created, ensuring your legacy of giving endures.
