FOR PROFESSIONAL ADVISORS: Overview • Right for Your Client? • Advantages Giving Now Giving Later • Bequest Language Types of Funds Comparing Donor-Advised to Private Foundations FAQs Resources Legacy Foundation Financial Information Planned Giving Weekly News	For Professional Advisors Ways to Give Later Bequests (Sample Language for Making a Charitable Bequest) Providing a gift in their will to Legacy Foundation is an additional way for your clients to support their favorite charities in perpetuity. Your clients can also name an endowment fund at Legacy Foundation as the beneficiary of their IRA, pension plan, or life insurance policy. Charitable bequests can be designed so as to give the most favorable tax treatment to beneficiaries. Charitable Remainder Trusts A charitable remainder trust can be created to pay your client or their chosen beneficiary income for life, or for a fixed term, or both. After the term's completion, the remaining property passes to a charitable beneficiary such as a fund at Legacy Foundation, or another charity of their choice. This flexibility allows individuals greater spendable income and reduced taxes during their lifetime. Charitable Lead Trust This vehicle is unlike the charitable remainder trust, in that income first goes to the charity for a fixed period with the property later reverting to your client or their beneficiary. This trust is often used as part of an estate plan. Life Estates Individuals may deed their home or property to Legacy Foundation and retain the right to live there for the rest of their lives. This allows your clients to take a charitable deduction for the current value of the remainder of the property after death, and thereby avoid any capital gains tax. When the life estate ends, the real estate is sold and proceeds are used to support funds at Legacy Foundation or any of your client's favorite charities. Life Insurance Life insurance provides a simple way for your client to give a significant gift to charity with tax benefits that can be enjoyed for a lifetime. Check with Legacy Foundation staff for more information on how insurance policies can further your client's philanthropic goals.
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