LEGACY GIVING
Legacy Giving and Other Ways to Give
You can make a contribution to further the Foundation’s work by making a legacy gift. Making a gift in your will or living trust is easy to arrange and costs nothing to make now. The gift is revocable and remains under your control during your life. There are a number of options, summarized below.
If you need assistance in understanding these options, please contact us at [email protected]
A gift in your will or trust
You can leave specific property, a dollar amount or a percentage of your estate to the Foundation.
A gift of retirement plan assets
When distributions from tax-deferred retirement plans are used to make a charitable gift to the Foundation, these retirement plan assets are transferred tax-free. By naming the Foundation as a full or partial beneficiary of your retirement plan and leaving less tax-vulnerable assets to your heirs, you can reduce or eliminate taxes for your heirs while 100% of your gift to the Foundation will be used to provide assistance to those most vulnerable in our community.
A gift of life insurance
Designating the Foundation as the beneficiary of a life insurance policy may enable you to enjoy some great tax benefits. In order to deduct premium payments as charitable deductions, you must name the Foundation as both owner and beneficiary of the policy.
A gift from a Donor Advised Fund (DAF)
You can recommend one-time or recurring grants to the Foundation from your donor advised fund when you name the Foundation as the full or partial beneficiary of your fund.
Charitable gift annuities and charitable trusts
Charitable gift annuities and charitable remainder trusts can provide a gift to the Foundation, income for you for life, and a favorable tax treatments and other benefits. These options can provide you with a secure source of fixed payments for life.
A gift of stock
Making a gift of appreciated stocks, bonds and mutual fund shares is an easy and powerful way to contribute to our efforts. Benefits include income and capital gain tax savings.
A gift of property
An outright gift to the Foundation allows you to deduct the property’s fair market value (FMV) while avoiding capital gains taxes.
It is important for you to seek professional advice for all questions pertaining to your planned giving options. We would be happy to work with you and your advisor to help structure a planned gift that is the best option for your current and future income needs.
HPCF Legacy Community
When you let us know of your intention to make a legacy gift, you will become a member of our Legacy Community, and you’ll be invited to exclusive Foundation events as well as the opportunity to make site visits to our grantees, and/or to attend nonprofit fundraising events that the Foundation sponsors.