At Lincolnshire Community Foundation, we’re deeply honoured to work with individuals who wish to make a lasting difference. By including a legacy in your will, you can help ensure a brighter, more resilient Lincolnshire for future generations. Whatever the size of your contribution, your legacy can bring life-changing support to those in need and strengthen the causes that matter most to you. We work closely with you and your professional advisors to set up a fund in your will, tailored to meet your specific wishes.
Ways to Leave a Legacy
Leaving a legacy can take different forms depending on what best aligns with your personal circumstances and wishes. Here are some of the ways you can make a lasting impact:
Pecuniary Gift
A pecuniary gift is a set amount of money left to Lincolnshire Community Foundation. This type of gift is straightforward to arrange and can be adjusted if your financial situation changes over time. Pecuniary gifts are flexible and can be directed toward a specific fund, cause, or programme to support work in areas you feel passionate about.Specific Gift
With a specific gift, you may choose to leave an item of value such as shares, personal collections, property, or other assets. Donating specific items offers a way to turn assets into meaningful resources for your community. These items can be used or sold by the foundation, with the proceeds going directly toward supporting vital projects in Lincolnshire.Residuary Gift
A residuary gift is a share or the entirety of what remains of your estate once any pecuniary gifts, specific gifts, and expenses are covered. This can be a convenient and effective way to make a significant contribution without needing to specify an amount upfront. A residuary gift can be allocated to help fund community programmes, charitable initiatives, or an area of need you feel strongly about.Reversionary Gift
This option allows you to first provide for loved ones while still planning a future gift to Lincolnshire Community Foundation. With a reversionary gift, you can set aside assets to benefit family members during their lifetime, with the remaining assets transferring to the foundation upon their passing. This way, you can continue supporting your loved ones while also leaving a long-term legacy that enhances your community.
Why Leave a Legacy?
Including a legacy in your will is a powerful way to make a positive, long-term impact. Your support can fund local initiatives, sustain social projects, and help those facing difficult times. No matter how large or small, every legacy brings invaluable resources that help us build a stronger Lincolnshire.
Making or updating your will doesn’t need to be complicated or costly. We strongly recommend seeking legal advice to ensure that your wishes are clear and correctly represented. Your solicitor can help with drafting and the correct execution of a will or codicil.
If you would like to discuss your legacy plans and learn more about how your gift could be used, please contact Sue Fortune at sue@lincolnshirecf.co.uk. Sue would be delighted to guide you through the process and answer any questions about leaving a legacy that aligns with your goals.
Together, we can create a lasting legacy for Lincolnshire.
