Legacy Giving: Creating a Lasting Impact
In an era where individuals are increasingly mindful of their impact on society, legacy giving has gained prominence as a meaningful way to leave an enduring mark on the world. But what exactly is legacy giving, and how can it help you make a difference for future generations? Understanding Legacy Giving Legacy giving , often referred to as planned giving or charitable bequests, involves donating assets to a charity or organization as part of one’s estate planning. This type of giving goes beyond immediate donations; it’s about creating a long-term impact that aligns with your values and beliefs. It can take many forms, including: Bequests: Specifying a gift in your will, which can include cash, real estate, or other assets. Trusts: Setting up a charitable trust that provides income to you or your beneficiaries during your lifetime, with the remainder going to a charity. Life Insurance: Naming a charity as a beneficiary on a life insurance policy, ensuring that your generosity continue...