Do you own an old insurance policy that you no longer need? Not only can Legacy cash in the policy, but you can also receive a charitable tax deduction. This can be a splendid way to benefit the Foundation without reducing your checking account.
Your gift to Legacy is conservatively invested , producing a return which can be used for a varietyof foundation purposes. To preserve the principleof your gift and the foundation’s funds, only the return produced from the investments are available for distribution. Thus the principle is protected and an enduring fund – a legacy – will grow as additional gifts are added and the benefit of long term investments are realized.
“As for the rich in this present age, …They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.” (1 Timothy 6:17-19 ESV)