Legacy Gifts

As you prepare your Estate Plan and Revocable Trust, have you considered the opportunity to leave a Legacy Gift? A legacy gift refers to a charitable donation or contribution that is made through your estate plans, will, or trust. It is a way for you to leave a lasting impact and support causes or organizations that you care about.

Legacy gifts are typically made to nonprofit organizations, educational institutions, religious organizations, your local church, or other charitable entities. They can take various forms, including:

• Bequests: This involves designating a specific amount of money, a percentage of the estate, or specific assets to be given to a chosen charity in a will or trust.

• Life Insurance Policies: Naming a charitable organization as the beneficiary of a life insurance policy, which allows the policyholder's estate to provide a significant contribution to the chosen cause.

• Retirement Accounts: Designating a charitable organization as a beneficiary of a retirement account, such as an IRA or 401(k), which can provide tax advantages while supporting a charitable cause.

• Charitable Trusts: Establishing a charitable trust that provides income or assets to a chosen charity during the donor's lifetime and then transfers the remaining funds to the organization upon their passing.

• Real Estate or Property: Donating real estate, property, or valuable assets to a charitable organization in a will or trust.

Legacy gifts can be a meaningful way for you to leave a lasting impact and support causes that align with your values and passions. Legacy gift often play a crucial role in the long-term sustainability and growth of charitable organizations.