Gift of Real Estate
Pauline Wright's dedication to her community will continue for countless generations to come, thanks to a bequest left in the care of the Outer Banks Community Foundation.
"Mrs. Wright loved life, art, music and had a compassion for people especially children," said her estate attorney John Gaw. "She had a profound awareness of her value system and walked the walk. She lived what she believed in."
As part of her estate plans, Mrs. Wright left a house in Southern Shores to her revocable trust, which sold the property, made a few specific bequests to a few specific individuals, and donated the remaining proceeds to the Community Foundation, for charitable purposes selected by Mrs. Wright.
"She did a good job focusing on what she wanted to achieve," said Mr. Gaw. "She was smart and had a mind of her own and could quickly get to the crux of an issue."
According to Pauline's wishes, the Community Foundation holds her bequest in five separate charitable endowment funds that are now invested in perpetuity.
Mrs. Wright loved the arts and felt that they add to the community's quality of life. "She felt that support of the arts was important and that the arts are especially important in schools, where they might ignite an undiscovered talent," said Mr. Gaw.
One of the five new funds set up at the Community Foundation is the Pauline Wright Endowment of the Dare County Arts Council. The money will be used to support the Art Council's operations and art programs in Dare County.
Is a bequest of real property right for you? Please contact us to learn how to create your legacy through a gift of real estate. We would be happy to work with you to structure a gift that meets your financial and charitable goals.
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