Leave A Legacy

There are several ways to give a life insurance policy:

• Irrevocably assign ownership of a paid-up policy to the Legal Aid Foundation of Colorado.

• Irrevocably assign ownership and beneficiary status to a policy on which premiums are still being paid.

• Establish a new life insurance policy and designate the Foundation as applicant, owner, and beneficiary.

• Designate the Foundation as a beneficiary of a policy.

Tax ID (EIN): 74-2182277 

Charitable Remainder Trusts provide substantial financial and tax benefits for donors, as well as meaningful gifts to the Foundation. When you establish a Charitable Remainder Trust, you irrevocably donate cash or property to fund the trust. A trustee is selected to manage the assets and earnings, and money from the investments is used to provide regular annual payments to you or to your trust designated beneficiaries. At the end of the term, or upon the beneficiary’s death, the assets pass to the Foundation. Generally it is not cost effective to set up a Charitable Remainder Trust for less than $100,000.

Tax ID (EIN): 74-2182277 

The Charitable Gift Annuity is another way to make a significant gift to the Foundation while continuing to provide for your own future. In exchange for making an irrevocable gift of cash or securities, you or the person you designate, receive fixed annual payments for life. The amount of the payment depends upon the value of the gift and the age of the income beneficiary(ies) at the time the gift is made. In addition, your gift qualifies for a charitable tax deduction.

Tax ID (EIN): 74-2182277 

Through a Charitable Lead Trust, you donate cash or property to fund a trust from which annual payments are made to the Foundation for a set period of years. When the trust terminates, the assets revert back to you or are given to your heirs. If the assets of the trust appreciate in value over the years, this increase is passed on to your heirs free from gift or estate tax. Administrative costs generally require gifts of at least $100,000 to establish a Charitable Lead Trust.

Tax ID (EIN): 74-2182277 

You can designate the Foundation as the final beneficiary of your retirement plan through a beneficiary designation form or through your Will. When left to the Foundation, assets in traditional retirement plans such as a 403 (b), 401 (k), IRA, Keogh, or tax-sheltered annuities can avoid income and estate tax that would be due if they were left to heirs.

Tax ID (EIN): 74-2182277 

“I give, devise, and bequeath to the Legal Aid Foundation of Colorado, a non-profit organization located at 1600 Broadway, Suite 1400 Denver, Colorado 80202, the sum of $ (or describe the specific property or security you intend to bequeath).

Tax ID (EIN): 74-2182277 

“I give, devise, and bequeath to the Legal Aid Foundation of Colorado, a non-profit organization located at 1600 Broadway, Suite 1400 Denver, Colorado 80202, % of my estate, both real and personal property of whatever kind and wheresoever situated.”

Tax ID (EIN): 74-2182277 

“I give, devise, and bequeath to the Legal Aid Foundation of Colorado, a non-profit organization located at 1600 Broadway, Suite 1400 Denver, Colorado 80202, all or (_%) of the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated.”

Tax ID (EIN): 74-2182277 

“If any of the above-named beneficiaries should predecease me, I hereby bequeath his/her share of my estate to the Legal Aid Foundation of Colorado, a non-profit organization located at 1600 Broadway, Suite 1400 Denver, Colorado 80202.”

Unrestricted bequests may go to the operating fund for its general use and purpose, or bequests may be restricted to the Endowment Fund, which will provide perpetual financial support to the Foundation.

This is a brief overview of some of the giving options that are available and is in no way meant to be legal advice. The Foundation encourages you to consult with your financial planner, estate planning attorney or tax advisor to get information that would best suit your situation. Laws change frequently and professional advisors can give you the most current information.

Tax ID (EIN): 74-2182277