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What is a Legacy Gift?
A legacy gift to is a planned future donation to a charity, given through a will or other form of designation. It is a decision that each person makes in their own financial planning process, taking into account their charitable wishes and values.
Consider a legacy gift to Community Youth Network of Lake County, Illinois when you are evaluating your personal, family and financial needs as well as your long term charitable giving. There are different options for legacy gifts and a legacy gift may provide significant tax benefits. Every legacy gift, regardless of the amount, is important and, lawyer or financial and/or tax advisor.
Why create a legacy gift?
People create legacy gifts for many different reasons. For some, it is a way to ensure their memory lives on. For others, it is a way to ensure that the Community Youth Network of Lake County, Illinois is able to continue its important work. Others find that it represents a way to facilitate the tax implications that come with the transfer of one’s estate to surviving relatives.
What better way to thank the organization that has had an impact on your life, or the life of someone you love, than by making a contribution from your estate? By creating a legacy, you are making a significant contribution to the future sustainability of the work that is most meaningful to you.
A legacy gift can also be a very practical addition to your financial or estate plan — in most cases, the tax burden left to relatives is lifted significantly. Your professional advisor can show you how giving may actually benefit your family after you are gone.
Gifts both large and small are important — legacy giving is not just for the wealthy. Everyone who supports the Community Youth Network of Lake County, Illinois is at a different stage of his or her life and able to give at a different level. Whatever your specific situation may be, we can help you find a legacy giving option that suits your circumstances.
Take the time to consider your options carefully and plan your gift in consultation with your family, lawyer or financial and/or tax advisor.
For more information on how you can build your legacy, please contact:
Community Youth Network
{Name Goes Here} at 847-000-0000 ext. 999 |
This information and material is intended to provide general examples and is for illustration purposes only. Community Youth Network of Lake County, Illinois does not give legal or financial advice. Community Youth Network of Lake County, Illinois strongly recommends that donors review this information and material with independent legal, financial and/or tax advisors.
Let Us Know
If you have already created a legacy gift and wish to let us know about your gift, please take a moment to fill out our Confidential Statement of Intent (PDF).
Any information you provide will help us to respect your gift intention, honour your legacy, plan for the future confidently and inspire others to follow your kind example. Your specific gift will remain strictly confidential.