Planned giving

Legacy Circle logoLeaving a legacy is easier than you might think. People of all ages and incomes can join our Legacy Circle and leave a lasting impact on Common Hope by choosing from these commonly-used options.

Common Hope as named beneficiary

If you have a retirement account (IRA, 401K), life insurance policy, health savings account (HSA), or any other saving ve­hicle with a named beneficiary, you can leave a legacy to Com­mon Hope simply by naming us for a percentage or an exact amount. Most often, whoever holds your account can send a simple form that can be completed in as little as five minutes.

Will or revocable trust

If you have a will or a revocable trust on file, you can ask the lawyer who drafted your document to include Common Hope for a specific amount or a percentage of your estate. A revocable trust functions much like a will, but it is preferred by some as a means to keep your estate out of probate. Either way, your law­yer can make adjustments to include a gift to Common Hope.

Charitable trust

Charitable trusts are a great way to support Common Hope, your heirs, and yourself for as long as you live. Two of the most commonly held charitable trusts are charitable lead trusts and chari­table remainder trusts. Both of these options assume the designation of a gift today, with tax benefits in the year the trust is established. Significant tax benefits continue for you during your lifetime—and for your heirs when they inherit your estate. There are many considerations to developing a trust, and it is best to work with your financial advisor or estate planning attorney in deciding how to get the maximum benefit during your lifetime.

Legacy sponsorship

A gift of $25,000 or more can create a perpetual sponsorship that sponsors one student, every year, for generations to come. These gifts, carefully invested, generate annual earnings that cover the cost of sponsorship and play a critical role in ensuring Common Hope’s long-term commitment to the children and families we serve.

To learn more about how to leave a legacy, please contact us at info@commonhope.org. Our staff will get back to you promptly. If you have already included us in your estate plan, please fill out this form and mail it to us so that we can thank you and honor any requests you have for the designation of your gift.