How You Can Help:
Charitable Giving...
There are many ways Legacy Endowment can be used by you for your charitable giving.
An outright gift is the simplest. The donor makes a gift using cash, appreciated securities, closely held stock, real estate or other property.
A split-interest gift through a Charitable Remainder Trust where the donor retains the income from the gift for life (or for a fixed term which cannot exceed 20 years) and on the donor's death (or at the end of the fixed term), the remaining gifted property is left to designated charities.
The donor can acquire a life insurance policy which names Legacy as beneficiary of the policy proceeds at the donor's death and which instructs Legacy as to the charitable uses of the policy proceeds.
The donor can make a gift in the donor's will, or trust, which names Legacy as the recipient and which instructs Legacy as to the charitable uses of the gift.
Legacy Endowment recommends that individuals seek professional guidance from their financial advisors, accountants and attorneys in structuring their charitable giving and estate planning.
Setting up a fund is simple...
Three steps are involved in setting up a fund:
Choosing the fund's name: The name selected will be listed each year in the annual report and in grant award letters, maintaining forever the donor's charitable presence in the community.
Determining the fund's purpose: Donors may apply their funds to the area's charitable needs in four ways.
- A discretionary fund gives the Board full discretion in responding to the community's greatest needs, however they may change over time.
- A field of interest fund identifies a particular charitable field, such as children, the arts, education, and health and human services, for support.
- A designated fund specifies one or more agencies for permanent support.
- A donor advised fund allows donors and their family to recommend distributions from their fund. It functions much like a private foundation without the administrative responsibilities or expenses.
Making a gift: Donors may establish a fund with cash, securities, real property, or insurance, with a minimum initial gift $5,000.00.
Help From Legacy
email us: legacyendowment@sbcglobal.net
Representatives from Legacy will be happy to meet with you and your professional advisors to help you and your advisors plan and implement your charitable wishes.
Your gift will benefit the community now and in future years.
Your gift qualifies for income, capital gains, and estate tax benefits.
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