Our Address

National Association of Park Foundations

54 E. St. Charles Road, Suite #7

Villa Park, IL. 60181

Contact Us

TEL:630.965.1000

E-MAIL: info@the-napf.org

Follow Us

  • Facebook Reflection
  • Twitter Reflection
  • LinkedIn Social Icon
  • Google+ Social Icon

Basic Legacy Gifts:

  • Engraved Brick Pavers

  • Flower Pots or Flower Gardens

  • Bench dedication

  • Plant a Tree

 

Traditional Legacy Gifts:

Wills and Bequests - Contributions may be made in many forms including:

  • Appreciated Stocks, Bonds & Mutual Funds

  • Charitable trusts

  • Real estate

  • Life insurance

  • Retirement accounts

Here are some examples:

https://dentonparksfoundation.com/legacy-forest-program/

 

https://fairfaxparkfoundation.org/wp-content/uploads/2017/04/legacybrochure.pdf

 

https://www.regionalparksfoundation.org/plannedgiving

Leave a Legacy

Your will is a meaningful way to make a lasting gift. Such a provision can be structured to fit your personal, family, and financial needs, and can be reviewed and revised in the future.

General Bequest
One of the most popular ways to make a charitable gift through your will, a general bequest allows you to simply leave a specific dollar amount. Example: I give $25,000 to ‘The XXX Foundation, CITY, ST’, to be used for its exempt purposes.

Residuary Bequest
To give an organization all or a portion of an estate after debts, taxes, expenses and other bequests have been paid, a residuary bequest lets you provide specific amounts to family members or friends and leave the remainder to ‘The XXX Foundation.. Example: I give the rest of the property I own at my death to ‘The XXX Foundation, CITY, ST’, to be used for its exempt purposes.

Percentage Bequest
The most flexible way to give, the size of your percentage bequest automatically changes with the size of the estate. Example: I give 20-percent of my estate to ‘The XXX Foundation, CITY, ST’, to be used for its exempt purposes.

Contingent Bequest
A contingent bequest takes effect only if the primary intention cannot be met. Example: If (primary beneficiary) predeceases me or disclaims any interest in (description of property), I give such property to 'The XXX Foundation, CITY, ST', to be used for its exempt purposes.

Restricted Bequest
Any type of bequest can restricted to a specific purpose. Example: I give $50,000 to ‘The XXX Foundation, CITY, ST’, to create a named endowment to fund financial assistance for deserving applicants.

Gift of Life Insurance
Through the 'The XXX Foundation, CITY, ST', the Foundation can become the beneficiary, or contingent beneficiary, of a life insurance policy. You retain lifetime ownership of the policy. Other options include transferring ownership to 'The XXX Foundation, CITY, ST' or purchasing a new policy with the Foundation as owner and beneficiary.

Gifts of Retirement Assets
Retirement plan assets differ from most other assets you may own. Upon your death, these assets are subject to not only an estate tax, but also an income tax. This additional tax exposure makes your retirement plan assets significantly more expensive to transfer to non-spousal beneficiaries than real estate, stocks and certain other assets. However, retirement plan assets, including IRAs, 403(B) plans, 401(K) plans and other plans, represent one of the best assets for charitable giving. Consider using retirement plan benefits to make a significant gift to 'The XXX Foundation, CITY, ST'. Due to the tax treatment of these plan benefits, the cost of your gift to your estate and heirs is often relatively small.

Other Ways to Leave a Legacy
There are more ways, such as charitable trusts and gifts of real estate, to benefit both your heirs and the Foundation. Individual situations vary, so please consult your professional advisers on other ways to give. If you are considering a gift of real estate, please contact us first to be certain the Foundation can receive your gift.

Credit to Carol Stream Park District, https://www.csparks.org/foundation/ 

examples of Legacies and bequests