Planned giving

A gift that outlasts you

Carl Renfro’s instinct was never to write a single cheque — it was to build something that would keep paying out long after he was gone. A planned gift does the same.

⚠️ Every legal and tax specific on this page is blank

The foundation’s exact legal name, EIN, mailing address and tax status have not been supplied, and none have been invented here. A bequest needs those details to be unambiguous in a will — if they are wrong, the gift can fail after the donor has died, when nobody is able to correct it. This page must not go live until an attorney has confirmed every one of them.

Ways to give

A gift in your will: The most common planned gift. You name the foundation in your will or living trust, either for a specific amount or for a share of what remains after your family is provided for. It costs nothing during your lifetime and can be changed at any time.
Retirement accounts: Naming the foundation as a beneficiary of an IRA or other retirement account is usually as simple as a form from your plan administrator — no change to your will required. Retirement assets are often among the most heavily taxed things to leave to family, which is why many people direct them to charity instead.
Life insurance: You can name the foundation as a beneficiary of a policy, or transfer a policy you no longer need. Your insurer can supply the beneficiary designation form.
Appreciated securities: Stock, bonds or mutual fund shares that have grown in value can be given directly rather than sold first. Your advisor can tell you whether that is advantageous in your situation.
Charitable trusts: Several trust arrangements let you provide income for yourself or your family for a period of time, with what remains going to the foundation. These are more involved and need to be set up with your attorney.
Real estate and other property: Land, a home, mineral interests or other property may be given outright or through your estate. Gifts of property are reviewed case by case before they can be accepted.

Sample bequest language

Your attorney will draft the actual wording. This is the shape it usually takes.

Needs: exact legal name, EIN and address — then attorney review

“I give and bequeath to [EXACT LEGAL NAME], a nonprofit organization located at [MAILING ADDRESS], Federal Tax ID [EIN], [the sum of $______ / ______% of my residuary estate], to be used for its general charitable purposes.”

Three bracketed values, and all three must come from the foundation’s formation documents rather than from this website. If the foundation wants gifts restricted to a particular focus area, that wording needs drafting too.

Our details

Needs: legal name, EIN, tax status, mailing address

Donors and their attorneys look for this in one place. It also determines how a gift is treated: whether the foundation is a private foundation or a public charity changes the deduction limits that apply to the donor, and whether it may solicit gifts publicly at all. That question should be settled before this page is published.

Please talk to your own advisor

Nothing on this page is legal or tax advice, and the foundation cannot act as your advisor. Every situation is different, and the rules change. Please work with your own attorney, accountant or financial adviser before making a planned gift.

Telling us

You are never obliged to tell us you have included the foundation in your plans. But if you are comfortable doing so, it lets us thank you properly and make sure your intentions are understood and honored.

Needs: named contact for planned giving

Planned gifts usually route to a named person rather than a general inbox. Until one is designated, enquiries go to shelley@poncacitychamber.com.

Start a conversation

Questions about leaving a gift to Renfro Family Foundation are always welcome, and nothing said is a commitment.

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