Leaving a Legacy
Most of us, if given the chance, would like to leave a lasting legacy to show that our life, or the life of someone we love or admire, has made a difference in society; that in some way, a contribution to an important work or cause will benefit the lives of others for generations to come. In the past, only a privileged few could create such legacies. But now, through the Parke County Community Foundation Leave a Legacy Program, many more of us can participate and experience the satisfaction that comes from being able to make a difference for generations.
Donors have established more than 150 Legacy Funds within the Foundation since 2001, which fund grants to Parke County charities each year forever. A $500 gift will begin a legacy fund and can be added to in any amount. All legacy gifts are tax-deductible and can be funded with cash, securities, or real estate. Will you consider joining with hundreds of other donors making a difference in Parke County’s future by establishing a legacy fund? The three Legacy options are:
Although no additional gifts are required to keep any Legacy fund active, donors are encouraged to consider future gifts (perhaps annually) so that the Legacy’s impact will continue to grow in Parke County.
Legacy Hallmark Fund
An unrestricted gift of $500 or more will provide donors with a Legacy Hallmark honoring or memorializing a significant individual, organization, or business. A gold lettered nameplate will be placed with the name of the Hallmark honoree in the Foundation’s Legacy Room and will be featured regularly in Foundation publications. Subsequent gifts can be made to the fund in any amount at any time. Legacy Hallmark gifts are used to fund charitable efforts.
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Legacy Heritage Fund
When a donor makes and unrestricted gift of $10,000 or more, or when gifts to a Legacy Hallmark Fund reach $10,000, a Legacy Heritage Fund is created. A Legacy Heritage Fund is a “stand alone” unrestricted endowment fund from which a portion of annual earnings (usually between 3-5% of the fund balance) are granted in the name of the Heritage Fund each year. Subsequent gifts can be made to the fund in any amount at any time. The donor will receive a Heritage keepsake and a matching keepsake will be featured in the Foundation’s Legacy Room. The fund will also be featured in regular foundation publications.
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Legacy Heirloom Fund
When a donor makes an unrestricted gift of $100,000 or more, or when a Legacy Heritage Fund reaches $100,000, a Legacy Heirloom Fund will be created. Donors will receive a custom designed heirloom keepsake with a matching keepsake featured in the foundation’s Legacy Room. Earnings each year will be used to fund specific community projects. In addition, Heirloom donors will be invited to attend the Foundation’s annual “Legacy Heirloom Event” allowing donors and grantees to celebrate the grant-making impact in our community.
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