"When I think of legacy, I think of something left behind."

Lori O'Keefe, President

Planned giving does not require a large income or vast estate, but only a thoughtful intention to make a difference in your community. Many of our legacy donors have created bequests, charitable trusts, or gifts of life insurance to the Foundation, and we’d be happy to help you navigate that process alongside your professional advisor.

Leaving a legacy and becoming a member of our Hitchings Legacy Society can be as simple as informing Triangle Community Foundation of your intention to make a gift.

If you are interested in making a legacy gift, please click here to fill out our Legacy Gift Form to provide basic information.

If you have already promised a legacy gift to the Foundation through your estate planning, please click here to fill out the Legacy Intent Letter so that we can better understand your philanthropic values and goals.

We encourage you to complete both forms as they capture different and pertinent information that allows the Foundation to best honor your legacy in the future. Once you have submitted the form(s), one of our staff members will be in touch with you to discuss your legacy gift.

The How and Why of Endowment

An Endowed Fund is a permanent fund. The assets are managed with the goal of preserving and growing the principal in perpetuity. Only the “spendable amount” is available for distribution each year toward the charitable goals of the donor. The spendable amount is a percentage calculated against the fund’s average balance. Our Board of Directors sets the spending rate or percentage for the Foundation’s endowed funds; currently, the spending rate is 4.0% on all endowed funds.

Donors should choose an endowed fund only if they wish to preserve the principal of the fund for future generations to enjoy or benefit from. A minimum gift and fund balance of $50,000 is required to establish an endowed fund at the Foundation.

Alternatively, a non-endowed fund is not a permanent fund. The full balance of the fund – principal and income – are available for distribution each year toward the charitable goals of the donor. Non-endowed funds allow the donor maximum flexibility in the amount of grant distributions from the fund.  A minimum gift and fund balance of $10,000 is required to establish a non-endowed fund at the Foundation.