Nonprofit Legacy Giving
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Planned giving insights, predictable donations, stronger impact.
If you operate a nonprofit, your organization could benefit from a legacy gift at some point. The term “legacy giving” refers to a donation made through the donor’s estate plan to a nonprofit entity, typically to help the entity achieve financial stability, meet its growth objectives or fulfill other specific purposes. These gifts can include cash, real estate, stocks or other assets that donors may wish to leave to the nonprofit through a will or trust.
The Mangen Family Foundation can support your organization by collaborating with you to craft and implement a targeted strategy that sparks interest in your cause and encourages legacy donations. Our services can be a crucial step toward securing your nonprofit’s financial future.
What Types of Legacy Giving Programs Are Available?
Your nonprofit could receive a legacy gift in many ways, such as:
- Beneficiary designations: A beneficiary is an individual or entity chosen to receive specific assets from a donor, often at the time of their passing. In legacy giving situations, these include life insurance or retirement plan proceeds.
- Charitable gift annuities: A charitable gift annuity is a contract between an insurance company and the recipient, providing a steady stream of income for the recipient’s lifetime.
- Bequests: A bequest is a gift of money or property left to a beneficiary through a trust or living will.
- Charitable remainder trusts: These financial instruments distribute designated assets to a nonprofit after a specified time period.
What Are the Benefits of Planned Giving for Nonprofits?
Nonprofits like yours can derive numerous benefits from legacy giving:
- Financial security: One gift could enhance your organization’s long-term financial stability and viability.
- Large contributions: Donors typically arrange for more substantial donations through their estate plans than they do during their lifetime.
- Flexibility: Use the funds for many essential purposes, such as establishing new programs or supporting general operations.
- Building loyalty: Nonprofit estate giving helps foster long-term relationships with potential donors and increase their commitment to your cause.
Why Partner With Us?
The Mangen Family Foundation can provide the expertise, guidance and resources to help you establish successful legacy programs to enhance your nonprofit’s financial standing. Donors will recognize the impact they can have on a worthy cause by making a legacy gift.
Contact Us to Learn More
Reach out to Mangen & Associates to request more information about the Mangen Family Foundation and the valuable services it can offer your nonprofit.