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A donor is concerned that, after her death, the contributions she has been making throughout the years will no longer be available to her favorite charity. She is looking for a way for her contributions to continue after her death. Her estate is not big enough to justify the creation of a Charitable Remainder Trust.
The solution is an Annual Legacy Gift. Leaving an Annual Legacy Gift is as easy as multiplying the total amount of your annual contribution by the number 20 and placing this amount in a Legacy Trust account that earns at least 5 percent per year. The trustee of your account will be instructed to distribute the earnings to the charity of your choice, which will ensure that the charity will continue to benefit from your annual gift for many years to come.
The Benefits
- Reduces the taxable value of a donor’s estate
- Provides an opportunity for the donor to model regular charitable giving to children and other family members
- Supports your favorite charity, like The Fellowship, with an ongoing Legacy Gift that lasts beyond a lifetime
Download or request a free copy of The Fellowship’s Planned Giving Ideas and Options Guide>>
Mrs. Tremont’s Legacy Gift story
Mrs. R.W. Tremont, a faithful donor for over 10 years, recently increased her annual support to $700 a year. She wanted to make sure that her gifts could continue long after her death. She learned that by multiplying her annual gift by 20 ($700 X 20=$14,000) and placing it in a Legacy Trust account, her Bequest effectively created a Legacy Gift of $700/year for years to come. She also provided instructions that allowed the balance of the account to transfer to The Fellowship after 20 years, completing the gift. |
