by Megan Lynch Ellis
They say that good things come to those who wait.
When it comes to charitable giving, this could not be truer than when donors choose to make a planned gift.
A planned gift is any major gift, made in lifetime or at death, as part of a donor’s overall financial or estate planning. Often, these gifts come from a donor’s bequest. These include gifts of equity, life insurance, real estate, personal property and cash.
When we talk to donors about planned gifts, the hope is that we will not see that gift for many years to come. In some cases, we wait generations for a gift to be realized.
When I started with NCCF as Regional Director of Development almost six years ago, my first appointment on behalf of the Foundation was with a friend and financial planner for a potential donor.
This donor wanted her friend to work with us to be sure that NCCF could honor her and her husband’s legacy. She had very specific wishes to establish a scholarship but did not want to do so during her lifetime.
We engaged the donor to be sure that she was satisfied with the outcomes and to make sure we would honor her family. She took great care to make plans for her assets, and in doing so, established what promises to be a life-changing scholarship for local students.
Several years later, she reached out through her friend again to establish a second testamentary scholarship, which will be offered statewide.
Sadly, we lost this donor this past spring. We share the sorrow of her family and friends for their loss.
Fortunately, her legacy and the legacy of her husband she wished to honor will exist in perpetuity because of these scholarships.
Students in one of our northwestern counties and across the state will soon benefit from her tremendous generosity.
In all the work I do, it’s our donors’ generosity that inspires me. Having a tiny role is rewarding and validates the work that I love.
Her generosity moves me. I’m so grateful to play a part in the wonderful things she’s going to do for the community.
Have you thought about the legacy you’re leaving?