What is Legacy Giving?

Creating a Legacy Plan is making a commitment and gift to a nonprofit in the future.

Legacy Giving, or Planned Giving, refers to an allocation of funds from a donor’s estate at death. The Legacy Plan is a companion piece to the estate plan and designates one or multiple nonprofit organizations as beneficiaries. The estate plan is used to transfer funds to heirs or family.

Through your Legacy Gift, you can support the philanthropic causes you care most about far into the future.

Most Legacy gifts pass through a bequest, which is a designation in your will or trust that a percentage or amount of your estate will go to your chosen beneficiary. The assets used can include stocks, bonds, real estate, a life insurance policy.

The Legacy planning process can also help to preserve and communicates a donor’s values, memories, and wishes in order to ensure clarity for future support of organizations and causes they care about. For example, the plan may encompass a family history statement, endowment(s), donor advised funds for children, outright distributions, family advisory committees, and several other philanthropic structures.

Your estate attorney and financial advisors are your partners throughout this process. You may decide to support a single organization or have multiple beneficiaries. In its most simple form, a Legacy Gift can even  be single statement in the donor’s that designates a specific amount of money to a specific nonprofit.

The process of including an Israel based nonprofit in your Legacy plan typically matches that of a U.S. based organization. That’s because most Israel based nonprofit have a U.S. partner nonprofit, or American friends of organization, to receive and process the funds.

Most Legacy gifts pass through a bequest, which is a designation in your will or trust that a percentage or amount of your estate will go to your chosen beneficiary.

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