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A Lasting Legacy

If you are considering leaving a legacy gift, we would be honored if you would consider our organization. We'd meet with you to discuss your wishes and develop a plan together to ensure that those wishes are carried out. After that, you may choose to work with an estate planning attorney or your financial advisor to incorporate the agreement into your estate plan.

Legacy giving, also known as planned giving or estate giving, is a way for individuals to make a significant contribution to a nonprofit organization beyond their lifetime that can have a profound impact on a nonprofit’s long-term sustainability. Legacy giving is a type of donation that is made through an individual’s estate plan. The donor decides how they want their gift to be used, and the nonprofit receives the gift after the donor’s passing. It can also provide you with tax benefits and financial advantages during your lifetime.

There are several types of legacy giving that you can consider when planning your estate. Here are a few options:

1. Bequests: A bequest is a gift of money, property, or assets that is designated in your will or trust. You can choose to leave a specific dollar amount, a percentage of your estate, or a specific asset to a nonprofit.

2. Charitable Trusts: A charitable trust is a type of trust that is set up to benefit a nonprofit organization. There are two main types of charitable trusts: a charitable remainder trust, which provides income to the donor during their lifetime and then donates the remaining assets to the nonprofit, and a charitable lead trust, which donates income to the nonprofit during the donor’s lifetime and then passes the remaining assets to the donor’s beneficiaries.

3. Annuities: A charitable gift annuity is a contract between a donor and a nonprofit. The donor makes a gift to the nonprofit, and in return, they receive regular income payments for the rest of their life.

4. Life Insurance Policies: A donor can name a nonprofit as the beneficiary of a life insurance policy, which will provide a future gift to the nonprofit.

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