Legacy Giving - Make Lasting Impacts with Long-term Goals and Estate Plans

When it comes time to either create or update your estate plan, consider making a “legacy gift” as part of your planned giving strategy. Your thoughtful estate gift to EDHAF will allow us to continue to grow and make substantial and sustainable positive impacts in our local communities by supporting those in greatest need.

“Planned Giving” simply means making a gift as part of your overall financial and estate plans. It can be done as a bequest through your trust or will, or by naming EDHAF as a beneficiary on an account that is outside your trust - such as an IRA, 401(k), or life insurance policy. Your donation can be a specific dollar amount, a full account balance, or a percentage of your estate - it’s completely up to you.

Thank you for considering EDHAF in your legacy of giving and positive impacts - and please contact us at info@edhaf.org if we can address any questions, you have or to learn more about some of the many options available to support your community.

Donate Stocks, Mutual Funds, or Other Securities

Consider donating stock, mutual funds, and other appreciated securities. As a donor, you are entitled to take a charitable deduction at the current full fair-market value of appreciated securities held longer than one year. As a direct benefit, you avoid paying the capital gains tax due if you sold the appreciated securities.

If your stocks or other equities are currently held at a bank or in a brokerage account, all you need to do is send a letter of instruction to your broker or banker with a full description of the securities and your gift's intended purpose in support of EDHAF. We will stand by ready to work with you and your financial institution to ensure a straightforward and swift transaction. And, per donor wishes, will direct all or part of your donation the EDHAF Endowment Fund or have it go towards our annual non-profit grants.

Retirement Accounts

The types of applicable retirement funds for legacy giving include Individual Retirement Account (IRA) and 401(k) accounts. An IRA or 401(k) rollover provision allows a donor who has reached a defined age to exclude any IRA funds withdrawn and transferred to a charity from his or her income when filing a tax return for that year. The provision is applicable only to direct gifts of cash to a charitable organization from donors who are at least 70 1/2 years or older.

Also, by listing EDHAF as a beneficiary on a retirement account, after your lifetime, some or all of the benefits from your policy can pass to EDHAF free from estate tax. These types of legacy gifts can be all or part of the EDHAF Endowment Fund or go towards direct annual grants or operational expenses.

Life Insurance

By listing EDHAF as a beneficiary on a new or existing life insurance policy, after your lifetime, some or all of the benefits from your policy can pass to EDHAF free from estate tax. This type of legacy gift can be directed to all or part of an EDHAF endowment or go towards our expendable fund for future grants to local charities and other operational expenses.

Charitable Remainder Trust (CRT)

A Charitable Remainder Trust is a gift of cash or other property to an irrevocable trust for future use by a charity. A donor receives an income stream from the trust for a term of years (or for life) and EDHAF would receive the remaining trust assets at the end of the trust term. The donor receives an immediate income tax charitable deduction when the CRT is funded based on the present value of the assets that will eventually go to EDHAF.

Charitable Lead Trust (CLT)

A Charitable Lead Trust is a gift of cash or property to an irrevocable trust for specific direction or purpose(s). As established by you (the trustor), EDHAF would receive the income stream from the trust for a set term of years. Depending on how the trust is structured, the donor would benefit from the current income, gift, or estate tax donation write-off on the donated assets.