Legacy Gifting

Become a Donor

Establishing your own named charitable fund does not require great wealth and it isn't complicated. Plus,

  • You can provide ongoing support to a great organization.
  • You can choose different nonprofit organizations each year during your lifetime.
  • You can make your own choices, or take advantage of our staff's expertise to help you address our local community's most pressing challenges.
  • You have the opportunity to distribute gifts during your lifetime or to leave a lasting legacy - or both.

We are here to help you with all aspects of your giving experience. If you have questions about becoming a donor that have not been answered in this section, please contact us for more information.

Reasons to Give

Becoming a member of our donor family offers an easy way for you to accomplish your charitable dreams. As our partner in giving, you receive the simplicity and tax advantages of a public charity combined with the personal recognition, involvement and flexibility of a private foundation. You also gain access to the highest level of strategic thinking on ways to meet community challenges to help make your contributions as effective as possible. And because we plan to be here, serving this community for a long time, you can be assured that there will be a permanent source of funds available for issues you care about.

Easy
A fund can be established with a simple governing document that requires less than an hour to prepare. And we'll guide you carefully through the process. Giving should warm your heart, not burden you with tax complications and ongoing administrative details. You can establish a charitable fund without having to cope with the complexities of setting up a special-purpose nonprofit corporation. Accomplishing your objectives is made simple by our expert and professional management of your fund.

Flexible
We take pride in our ability to customize services to meet your charitable objectives. You may establish a fund that supports charitable organizations or programs you care about, the community's greatest areas of need, or a broad field of interest. You may also contribute to an existing fund or make an unrestricted gift that our Board of Directors will put to good use in the community on your behalf.

Effective
We are dedicated to ensuring that your charitable giving is as effective as possible. If your fund operated independently and had to recreate our services on its own, the price tag would be prohibitive. But your fund will share the costs of a knowledgeable staff, enjoy excellent financial management and benefit from a closely monitored investment strategy. Each donor has committed staff working on his or her behalf.

Satisfaction comes from knowing that your contributions have been effective and have created positive change. We know you consider your charitable gifts to be an investment – in your community, your church, your alma mater or whatever causes you select. Tap into the expertise of our staff members who are available to assess the effectiveness of a grant, research a giving option or to discuss opportunities with you. We care a great deal about the effectiveness of your gifts and that your giving experience rewards you with great satisfaction and joy.

An important part of our work is building a permanent collection of funds for our community.  Our Board of Directors ensures that these funds will grow in perpetuity and will continue to carry out the charitable objectives of the donors who established them. If these objectives ever become impossible to carry out, the Board will redirect the funds to support a closely related purpose.

We are here to help you with all aspects of your giving experience.  If you have questions about becoming a donor that have not been answered in this section, please contact us for more information.

Tips on Giving Wisely

Our staff is available at any time to assist with your giving.  We have many ideas to share with you.

Budget for giving
Plan your philanthropic activities right into your budget just as you would other financial obligations.

Be an informed giver
Don’t be afraid to ask questions when you’re asked to give, including the specific name of the solicitor and his or her relationship to the organization, how much of your gift will be used for overhead, the specific projects the money will go toward, and other important information. Give only when you feel comfortable that your dollars will be going to support an organization you know and believe in.

Keep the right records
For gifts you make to your charitable fund at the community foundation you will receive from us a properly worded receipt as a confirmation of these tax-deductible contributions. Gifts made from your fund will not be recognized with a receipt, as you have already received the deduction and thank you for the original gift.

Ask about matching gifts
Many employers match gifts made by their employees or make grants to organizations recommended by employees. Be sure to ask your company if it can help your gift to stretch even further.

Remember, your gift can be confidential
If you prefer to have gifts from your charitable fund remain confidential, please let us know.

Consider alternative forms of giving
Don’t overlook the benefits you and your cause can receive from bequests, charitable gift annuities, gifts in kind, endowments and many other creative forms of giving. Ask your tax advisor or attorney to help create the best plan for you and your family.

Volunteer!
In addition to financial support, consider giving your time and skills. Not only will you help the organization, but you’ll also make contacts, hone your skills, and learn more about the charitable cause to which you’re committing your time and money.

Don’t forget you have the right to say no
Give generously when you can, but if you’re unsure or feel uncomfortable—or if an organization simply falls outside your plan for giving—don’t be afraid to say no. Or, ask for more information and take more time to think before making your decision.

Be a proactive giver!
You don’t have to wait to be asked. Plan a giving strategy in advance. Consult with our staff about how your gifts can be most effectively used and where you can make a real difference in the community.

We are here to help you with all aspects of your giving. If you have questions about charitable giving that have not been answered in this section, please contact us for more information.

FAQ

What good work can I do?

You can support the elimination of hunger, helping the unhoused, improving self-sufficiency, and more. Our staff has broad knowledge of the lakes area community needs and can target grants to make a difference where they are needed most. Tell us what is important to you.

When should I include the gift in my estate plan?

Any time you are drafting or changing your will or estate plan, you will want to consider charitable gifts. Your financial or legal advisor can provide guidance related to your personal estate, beneficiaries, income goals, taxes, and other considerations. In addition, you may find it simpler to designate the Hospitality House as a beneficiary to your 401(k), IRA or life insurance policy. When you notify us of your intentions, you will be invited to become a member of the Legacy Society.

Must I give a large portion of my estate to join the Legacy Society?

No. We realize individual circumstances vary. We value and appreciate all gifts, and believe the best gift is the one that’s right for the giver.

How do I plan a legacy gift?

You can call your estate advisors, talk to us, or consult with both. We provide confidential philanthropic services to prospective donors and their advisors without obligation.

Why do people give to charity through their estate plans?

Planning an estate gift allows you to strategically accomplish both financial and charitable objectives. For some people, a large charitable gift during their lifetime can be financially uncomfortable—since they may be uncertain about their health, wealth and personal commitments. An estate gift may make more sense. You can still fulfill your personal goals of preserving your family name, honoring loved ones, providing for heirs, minimizing tax burdens and supporting the community you call home.

What assets should I give?

Your professional advisor can recommend your most tax-advantaged assets any time you make a charitable gift. Many people choose to give stocks and other highly appreciated assets during their lifetime and designate 401(k), IRA, and other retirement assets upon their death.