Legacy Giving: Rebuilding Lives and Ending Violence
“If you’re going to live, leave a legacy. Make a mark on the world that can’t be erased.” – Maya Angelou
What is legacy giving?
Simply put, legacy giving or planned giving is the transfer of assets to a nonprofit organization during a lifetime as part of an estate plan. It is a forward-thinking approach to giving because it involves the gifting of assists that are often not liquid, have tax consequences, and are generally transferred via a will or other written means.
What is The Resilience Legacy Society?
The Society is comprised of individuals who have indicated they have made a gift to Resilience in their will. Some members have chosen to remain anonymous. Other members allow Resilience to list their names in printed materials, which encourages other residents to consider joining the Society. Society members are invited to special gatherings and updates throughout the year.
Why should I consider legacy giving?
Legacy giving has several tax benefits. Your tax benefits will depend on several factors including the type of gift, the time at which it is made, whether it is outright or deferred or has any income payments. Resilience advises donors to consult with their own advisors before making a planned gift.
Almost everyone has the ability to create a legacy gift. You don’t need to be wealthy to make a planned gift. For most people, it’s the largest gift they will ever make. There are many forms of legacy gifts that are very easy to create. Your legacy gift is a way to support the mission of an organization that you care about for the long-term.
How are Resilience Legacy Gifts used?
Legacy gifts can enable charitable organizations such as Resilience to achieve long-term financial stability and sustainability. Legacy gifts that come without written intentions from a donor go to the endowment fund used for future support. However, you can direct the purpose of the funds with the help of your financial advisor. Resilience is legally obligated to honor a donor’s intentions.
Where do I begin?
Making a bequest in your will or estate plans can be quite easy, however, it is best to consult a legal and/or financial advisor when making this decision.
Are planned gifts always given in the form of money?
Planned gifts can come in the form of money, property, an investment, or a percentage of an estate. An estate is simply a word used to describe any property, money or personal belongings that you may have at the time of your death.
How large does a legacy gift have to be?
Any size gift is important and will make a difference in the lives that follow.
Do I tell Resilience I have left a gift in my will?
This is up to you. We would like to know in advance so we can recognize your generosity and accommodate your wishes.
Naming Resilience as a Beneficiary
Official name: Resilience: Advocates for Ending Violence
Business Address: 411 Butternut Drive, Holland, MI 49424
Nonprofit Tax ID: 38-2181204
To learn more about Resilience’s Legacy Society, contact:
Christina Scarpino
Development Director
ChristinaS@ResilienceMI.org
