When it comes to supporting charities and organizations, the options are plentiful. One powerful way to extend your philanthropic impact is through legacy giving. But what does it mean to be a legacy donor, and how can you make a difference?
What is Legacy Giving?
Legacy giving involves making gifts to nonprofits as part of your estate plan, allowing you to support causes you care about well beyond your lifetime. This form of fundraising ensures that your values and beliefs continue to influence and uplift your community, creating a lasting impression.
If you’ve been a supporter of an organization, consider the profound impact you can have by leaving a legacy gift. Not only does it provide financial resources to the organization, but it can also enhance your own well-being. Studies show that giving contributes to improved mental and emotional health, and there may be tax benefits for you, your estate, and your family as well.
Types of Legacy Gifts
The most common ways for legacy include:
- Life Insurance
- Retirement Plans
- Real Estate
- Personal Property
The choice of what to give typically depends on the assets you possess. It’s wise to consult with a financial advisor to determine the best options for your situation.
Opportunities at Sun Health Foundation
Meeting with a Director of Philanthropy at the Sun Health Foundation is a valuable opportunity. This discussion can help determine the type of planned gift that aligns with your intentions and goals. They can be a valuable resource to help match priority areas of support with one’s passion to make an impact.
The impact of legacy donors at Sun Health Foundation has been profound. Thanks to generous contributions and especially leadership commitments through legacy gifts, many lives have been transformed through scholarships, healthcare initiatives, and community support throughout the West Valley. Our dedicated Legacy Leaders have developed deep connections to our mission, and each year we welcome new members who want to make a difference.
Most donors choose to leave unrestricted gifts, allowing contributions to be directed toward various charitable causes at Sun Health. However, if you have a specific impact area that resonates with you, restricted gifts are also an attractive option. This targeted approach ensures your contribution aligns closely with your values and passions.
Planning for the Future
Planned gifts not only secure funding for current initiatives but also lay the groundwork for future projects that can further benefit the community.
If you have questions about legacy giving or would like guidance on future gifting options, please reach out to our Foundation team at (623) 471-8500 or via email at [email protected]. We also provide valuable estate planning resources, which you can explore here: https://sunhealthfoundation.planningyourlegacy.org/.
Together, we can create a lasting legacy that enriches lives and strengthens our community for generations to come.
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