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Many people choose to leave a portion of their estate to help others in
their community.
A Devon Community Foundation named endowment fund offers the ideal way to ensure that your bequest benefits local people for generations to come. You can specify where your money will be used (and by whom) and we will ensure that your wishes are carried out.
This means that we can guarantee that any money you leave will only be used as you wish. Members of your family or other appointed people can also be involved in deciding who receives grants from your fund.
You can take advantage of the same benefits as a gift made now when you set up a legacy based named fund, with the added bonus that legacy funds also have no inheritance tax liability, saving your estate up to 40% in tax. And because there are no lengthy legal responsibilities to consider there is no need for large solicitors' bills. We have a simple agreement that outlines how the fund will operate, which we agree with you.
