By Peggy Hoyt and the Law Offices of Hoyt & Bryan LLC
Would you be willing to make a gift to the Pet Alliance of Greater Orlando 100 years from now? You can. Here’s how.
Simply add up your annual gifts for the year and multiply by 20. Then make a gift through your estate (either as a gift in your will or living trust or by naming us as a beneficiary of a life insurance policy or retirement plan) for this amount and designate it for the Pet Alliance of Greater Orlando Annual Giving Endowment Fund. That’s all there is to it.
The endowment will provide an annual gift to the Pet Alliance of Greater Orlando long after you’re gone – perhaps even 100 years from now! As a result, the Pet Alliance will continue to receive your annual gift and the animals will continue to benefit from your generosity.
The Annual Giving Endowment Fund invests the principal of an endowed gift, always being careful to earn enough income to meet the payout requirements of the fund. Since the principal is kept intact, the endowment continues to flourish. Your estate gift to the Pet Alliance of Greater Orlando goes on and on and on.
Here’s an example of how this works: Mary gives the Pet Alliance $500 every year. She may make a number of small gifts each year or she might make one annual gift. She realizes the Pet Alliance of Greater Orlando depends on her giving and wonders how the organization will continue to grow and meet its program demands after her lifetime. Once she learns about the Annual Giving Endowment Fund, Mary decides to include Pet Alliance in her Last Will, by including a $10,000 bequest to the Fund.
At her death, the initial income from her endowment gift will be $500 (assuming a 5 percent rate of return). This is the same amount Mary provided to Pet Alliance during her lifetime and now that gift can continue indefinitely. Mary has accomplished her goal of providing for the Pet Alliance far beyond her time on earth. Her gift and her legacy can continue for many, many years to come.
Leaving a legacy gift to the Annual Giving Endowment Fund, either through a gift in your will or trust or as the beneficiary of a life insurance policy, annuity or retirement plan can ensure the continued effectiveness of all of the programs offered by the Pet Alliance of Greater Orlando. The Pet Alliance is happy to provide more information about legacy gifts, including charitable gift annuities and charitable trusts. For even more ways you can benefit the Pet Alliance, consult with your legal professional and provide a lasting legacy through your estate planning.