The Gilead House Legacy & Endowment Society is comprised of generous individuals who have made a lifelong commitment to Gilead House through a special and important form of financial support. These donors have named Gilead House of Novato, California as the beneficiary of a planned gift.
Legacy & Endowment Society members share a dedication to invest in Gilead House’s mission to see the lives of children and their mothers transformed by empowering life skills programs, mentoring and transitional housing programs. When you make a planned gift as discussed below, you become part of this key group of people who provide eternal significance!
Why Endowments are Important
Endowments are essential to the long term stability and future growth of every charity. Gilead House is better able to focus upon fulfilling its mission when receiving support from its endowment. Reserved funds allow long-term planning, stability and insulation from unforeseen economic circumstances. Endowments sustain in perpetuity ongoing programs of service to the community.
Legacy & Endowment Programs
All supporters and friends who have remembered Gilead House of Novato, California in their estate plans or who have made provision to do so will be honored as members of the Legacy & Endowment Society. The Gilead House Board of Directors does not actually manage the endowment. Rather, they set policies and provide oversight to a professional investment company to manage the funds.
- Legacy Fund is unrestricted and may be completely accessed for capital needs such as property acquisition, major renovations, or new construction.
- Endowment Fund is restricted. This fund launches new programs and services and offsets overhead so that the maximum benefit is received from every contributed dollar. The principal of the Endowment Fund remains untouched in perpetuity.
Please let us know if you plan to or have already included Gilead House in your will or estate by emailing Renee Scott at email@example.com so we can personally express our gratitude to you.
Frequently Asked Questions About the Legacy & Endowment Society
How can I or our family become a member of the Gilead House Legacy & Endowment Society?
Any donor who plans to give a meaningful gift that is connected to estate to Gilead House is considered a member.
If I cannot give a large gift, will a small gift really make a difference?
We know that everyone has different financial circumstances. All gifts do make a difference and are important.
How can I give from My Estate?
Many people have found a meaningful way to make their estate planning reflect their charitable commitments by leaving all or a portion of their estate to the charity. This can be done by asking your insurance or investment advisor to designate Gilead House of Novato, California as a beneficiary of your life insurance or investment, or you can ask your attorney to make or revise your trust or will to designate Gilead House as a beneficiary.
What types of gifts could I give?
We know that members of the Gilead House Legacy Society choose to give to and that their gifts say something about what was important to them and how they want to be remembered. Therefore, options are available to meet individual circumstances. The majority of gifts are received in these forms:
- Life Insurance – Ask your Agent for a change of beneficiary form to name Gilead House as a full or partial beneficiary of a life insurance policy.
- IRA or Tax Qualified Retirement Plans – Ask your broker for a change of beneficiary form to name Gilead House as a full or partial beneficiary of your IRA or other retirement plan. Unlike an individual beneficiary, Gilead House will pay no taxes on this gift.
- Other Investments or Accounts – For accounts that do not have a beneficiary such as Certificates of Deposits, Checking/Savings Accounts, Mutual Funds, Stocks, etc., ask your representative for a “Pay-on-Death” or “Transfer-on-Death” form to leave a portion or all of that asset to Gilead House of Novato, CA.
- Outright Bequest—Set Sum of Money – I give, devise and bequeath to Gilead House of Novato, CA, the sum of $_________.
- Outright Bequest – Specific Property – I give, devise and bequeath to Gilead House of Novato, CA, the following property: (enter specific description of property).
- Bequest Percentage of Estate – I give, devise, and bequeath to Gilead House of Novato, CA _____ percent of my net estate.
- Bequest of Residuary Estate – I give, devise and bequeath to Gilead House of Novato, CA, all the rest, residue, and remainder of my estate, of whatever kind and wherever situated, which I may own or have the right to dispose of at the time of my death.
- Contingent Bequest – In the event that any bequest of any portion of my estate shall lapse or fail for any reason, I give, devise, and bequeath that portion to Gilead House of Novato, CA.
All gifts establishing endowments should include the following text: If the purpose for which the endowment is established is no longer viable, I entrust the board of trustees to utilize the endowment in the way deemed most necessary to the fulfillment of the mission of Gilead House.
If possible, please notify us if provision has been made in your estate plans for remembrance of Gilead House. We want to acknowledge your inspirational gift and share our joy and gratitude with you!
For other designations or questions about the Gilead House Legacy & Endowment Society, contact: Renee Scott, Executive Director, 415-686-6950 or firstname.lastname@example.org.