Many community minded donors may wish to support the YMCA or a number of non-profit organizations. They may establish a donor advised fund, designated fund or even a field-of-interest fund at the Luzerne Foundation or another community foundation to support important causes during their life and after their death. These endowment funds are intended to provide community support into perpetuity.
Also, the Y can benefit from a planned estate gift made through the Luzerne Foundation. For example, Charitable Remainder Trusts and/or Gift Annuities will pay you (or others you may name as income beneficiaries) an annual income for life. Upon the death of the last remaining income beneficiary, the principle associated with your gift goes into an endowment fund at the Luzerne Foundation to support the Y into perpetuity.
There are many income and tax benefits associated with these types of gifts. A planned estate gift is, in a very real sense, a “gift” that gives back forever!