Planned giving is an opportunity to leave a lasting legacy that will have a positive impact on the lives of children, families and their communities for years to come.
What is a legacy gift?
This is a gift to a charity or non-profit organization in your Will. It can take the form of property, cash, or a percentage or your total estate. Legacy gifts play a key role in supporting charitable organizations on an ongoing basis, and provide tax benefits.
Charitable bequests, also know as legacy gifts, can be designated in two ways. You can leave a lump-sum cash amount to an organization of your choice. These gifts are given separately when you pass away, and are not included in your residual estate (everything that's left after debts/taxes are paid and specific gifts are distributed).
You may choose to leave a percentage of your residual (remaining) estate to a charity. The organization will receive the cash value of the distribution you gave them from your overall estate.
While a cash gift will remain constant over time, a percentage of your residual estate can grow over time, resulting in a higher potential gift to the charity of your choice.
How to add charitable gift in you Will:
A word about specific designations:
If you wish to designate to a specific fund administered by The Angel Foundation for Learning, please consider the following wording in order to ensure your legacy is realized, should that program no longer be in existence at the time the bequest is realized:
"If through the passage of time, a designated Angel Foundation for Learning program is no longer in place, I give permission to alter the terms of my Will to adhere as closely as possible to my original wishes; or in the event that this is not possible, please direct my gift to the area of greatest need."
Currently, the existing funds/programs of The Angel Foundation include: