Legacy Endowment, Fallbrook California

What We Do:

We help donors and charities structure their philanthropy. We provide donors and their professional advisors with technical assistance to plan their charitable gift giving, and we provide charitable institutions with technical advice in the areas of investment of charitable funds and structuring charitable gift programs, and we do the following.

1. We act as a trustee for Charitable Remainder Trusts where the donor transfers property to a trust receiving income from the Trust for life or for a selected term (which cannot exceed 20 years), where upfront capital gains taxes are bypassed, and when the Trust terminates, the remaining assets are transferred to charity. The donor receives a charitable income tax deduction when the Trust is established.

2. We manage restricted and unrestricted charitable gifts, including endowment funds and pass through funds. These gifts include cash, securities, and real estate.

Several different types of funds can be set up, each designed to meet the needs and intentions of the donors, including endowed funds, unrestricted funds, donor advised funds and designated funds.

Endowed Funds are gifts that are intended to be kept permanently and invested to create income for a charity on a yearly basis.
Donor advised funds give the donor a say in the distribution process, although the community foundation makes the final distribution decision.
Designated funds consist of gifts restricted as to charitable use by the donor.
Pass through funds are temporarily gifted to Legacy for immediate disbursement to charitable institutions designated by the donor.
We have expertise in the field of charitable gifts of real estate. Exploring New Opportunities for Gifts of Real Estate.

3. We work with investment advisors in managing the investment of funds entrusted to us. We currently have $10 million under management with our investment advisors in sophisticated investment portfolios at favorable institutional investment rates.

Fee Policy
Investment Policy
Financial Position - Form 990 2005
IRS Exemption Status
Grants Available

4. We provide educational services to donors and their professional advisors and to charities. The services cover a wide range of topics, including technical advice to donors and their professional advisors on the structure of charitable gifts, advice to charities concerning investment policy of charitable funds, and organization of charitable entities.

We maintain a resource library that contains books and other publications relevant to charitable giving, which is open for use by donors, their professional advisors and charities.

5. We make grants of restricted funds and designated funds to charities, including preparing invitations to various charities to apply for grants, reviewing grant applications and selecting the grant recipients. We have made grants for a number of charitable institutions.

This link lists some of the Beneficiaries of charitable gifts made through Legacy.

2004/2005 Audit document