LegacyTree Foundation is a 501(c)(3) faith based organization that creates strategic partnerships to positively impact families for generations while fulfilling our mission to provide spiritual, physical and humanitarian aid to those in need.
LegacyPlans are simplified planned giving programs, as outlined in the IRS Code, that enable families and individuals to utilize assets such as cash and liquid assets, securities, annuities and real estate to create new benefits for themselves and/or their heirs. Benefits include a structured income as well as a charitable tax deduction, reduction of capital gains and estate tax. Each LegacyPlan offers the donor the opportunity to recommend their favorite charity to receive an upfront grant. The three types of LegacyPlans outlined below offer the versatility for each plan to be personally crafted to fit a donor’s financial and philanthropic goals.
Provides immediate or deferred income for a specified term of years and allows named beneficiaries to receive any remainder income. Beneficiaries can also include named charities.
Provides immediate or deferred income for one or two lives. Income can be used to fund life insurance or used for retirement or even provide lifetime income to children.
The Legacy Endowment Advised Fund (LEAF) is a donor advised fund which provides the flexibility of advising the charitable distributions to multiple organizations and the ability to advise such distributions on an annual basis. The charitable deduction is for the full asset value with a five year carry forward.
LegacyPlans are not just for the wealthy. In fact, LegacyPlans are available to anyone who would like to create valuable tax benefits, structure an income for themselves and/or heirs, and support their favorite charities. Contact us or your financial advisor to see how you and your family can benefit from a LegacyPlan!
A LegacyPlan offers a combination of unique benefits that allow an individual or family to achieve tax, income and philanthropic goals in one simple transaction.
LegacyPlans can be funded with a variety of assets, including cash, securities, annuities, real estate, and other liquid assets. This flexibility allows donors to maximize their financial and philanthropic impact while optimizing tax benefits.
LegacyPlans enable donors to recommend their favorite charities to receive upfront grants, providing immediate support to causes they care about. This creates a lasting impact while aligning with their philanthropic goals.
Yes, LegacyPlans are designed to be versatile and can be tailored to meet your specific financial, tax, and charitable objectives. Work with us or your financial advisor to create a plan that fits your unique goals.
Common assets like annuities, securities, real estate, and liquid assets can fund a LegacyPlan. These options provide structured income, reduce taxable gains, offer immediate tax deductions, and support charities. LegacyPlans help achieve financial, tax, and philanthropic goals while benefiting heirs and causes you care about.
Read MoreUtilizing your annuity to fund a LegacyPlan may help avoid passing on accrued gains to heirs by setting up a structured income for heirs while helping support charities.
Using stocks, bonds, or mutual funds to fund a LegacyPlan lets you exit appreciated securities, reduce taxable gains, and enjoy an immediate tax deduction.
If you own any type of real estate such as rental property, second home, farmland, commercial or industrial property, a LegacyPlan can help you exit the property while eliminating a portion of the capital gain.
Utilizing liquid assets to fund a LegacyPlan provides immediate tax benefits that can be used creatively to achieve a number of objectives, such as accessing qualified funds more tax efficiently, or simply lowering taxes.
