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What is legacy giving?

Legacy giving, also known as planned giving, refers to the process of making a charitable contribution through a person’s Will or Estate Plan. Legacy giving allows individuals to support causes that are meaningful to them, and often plays a crucial role in sustaining the work of nonprofit organizations. Legacy bequeaths involve individuals deciding to allocate a portion of their assets or estate to a charitable organization before or after their passing. This giving decision allows individuals to leave a lasting impact and support the causes they care about even beyond their lifetime.

Legacy giving can take various forms and should be made after consultation with your attorney or financial advisor.

• Bequests: Designate a specific amount, percentage of an estate, or assets in your Will to be given to a charitable organization. Name a charitable organization as a beneficiary of a life insurance policy, a 401(k), 403(b), IRA, or another retirement plan.
• Securities Giving: Donate stock, mutual funds, bonds, or other financial assets.
• Charitable Gift Annuities: Donate assets to a charitable organization during the donor’s lifetime.
• Charitable Remainder Trusts: Transfer assets to a trust that pays an income to the donor or their beneficiaries, with the remaining assets going to the charitable organization after a specified period or upon the donor’s passing.
• Endowment Funds: Create an endowment fund to provide ongoing financial support to a charitable cause, with the interest or returns used for the organization’s activities.
• Qualified Charitable Distribution: A qualified charitable distribution (QCD) is a way to donate a required minimum distribution (RMD) from an IRA to a qualified charity. QCDs are also known as IRA charitable distributions or IRA charitable rollovers. They allow individuals to directly transfer mandatory withdrawals to charity to fulfill their RMD. QCDs don’t increase taxable income, so they can help people avoid higher tax rates and phaseouts.

NOTE: The NeighborUp Gift Acceptance Policy states that certain types of legacy giving, especially real property, personal property, and some securities, must be approved by the NeighborUp Board of Directors prior to acceptance, due to the special liabilities they may pose for the organization.

How does joining the Keller Collective benefit my community?

Legacy giving has significant and lasting benefits for our local community. Your gift will leave a legacy that will continue to change and impact the lives of our neighbors for years to come.

Some of the key advantages include:

• Long-Term Impact: Legacy giving provides a stable and long-term source of funding for NeighborUp. This enables us to plan strategically and execute sustained initiatives that address community needs over an extended period.
• Long-Term Financial Stability: The consistent support from legacy gifts contributes to the current and future financial stability of NeighborUp. This stability allows us to weather economic uncertainties, changes in funding, or unexpected challenges.
• Capacity for Growth: Legacy gifts can provide the financial means for NeighborUp to expand our programs, services, and outreach. This expanded capacity allows us to serve more individuals and address a broader range of community issues.
• Support for Special Initiatives: Legacy gifts may be designated for specific projects or initiatives within the community. This targeted support allows NeighborUp to implement projects that might require significant resources or address specific urgent needs.
• Creation of Endowment Funds: Legacy gifts may contribute to the establishment of endowment funds. These funds generate ongoing income, ensuring that NeighborUp has financial resources for the foreseeable future.
• Inspiration for Others: When individuals witness the positive impact of legacy giving on their community or an organization they care deeply about, it can inspire others to follow suit. This creates a culture of philanthropy and community support that benefits future generations.

Overall, legacy giving is a powerful mechanism for individuals to leave a lasting and positive mark on their community, contributing to its growth, resilience, and well-being.

How do I join the Keller Collective?

Thank you for considering NeighborUp in your legacy giving plans. Since we cannot provide tax and legal advice, we encourage you to contact an attorney or financial advisor to explore which planned giving options are best for your situation. Please let us know of your intentions by becoming a member of the Keller Collective here:

$500,000+ | Visionary Partner

A major supporter leading the way in community transformation and sustainability.

A $500,000 investment will allow us to serve more people by significantly bolstering our efforts to provide food and housing security and deliver workforce development programs. The funding will enhance organizational capacity by enabling staff expansion, professional development, and increased program offerings. It will allow us to deliver services more efficiently through strengthening our infrastructure with upgraded technology and streamlining operations. The funding will also leverage additional private through enabling targeted marketing efforts to raise awareness and expand our outreach. Ultimately, this investment will drive long-term growth, increase our impact, and ensure financial sustainability. This partnership will help keep our community one of the best places to live for all who live here.

$250,000+ | Foundational Partner

Invests in long-term initiatives that benefit future generations.

A $250,000 investment will be pivotal in successfully operationalizing the merger between Dorcas Ministries and Western Wake Crisis Ministry, ensuring a seamless integration of teams, systems, and processes. As part of the strategic plan and long-term vision for the combined organization, this partnership will allow us to expand to serve a larger community area at a deeper and more equitable level. This crucial bridge funding will help sustain our operations during the transition and expansion phases, until we ultimately have a second thrift shop location to generate ongoing, sustainable revenue. Overall, this investment will strengthen our foundation, foster growth, and enhance our ability to serve a larger and more diverse population.

$100,000+ | Impact Partner

Contributes to significant programs that enhance the quality of life for families. 

A $100,000 investment will directly provide financial support to prevent 25 families from losing their housing, ensuring they have the stability and resources needed during a critical time. This funding will cover rent, utilities, and other essential expenses, helping families stay in their homes and avoid the devastating effects of homelessness. By addressing immediate housing needs, we can support these families in regaining financial stability and maintaining their well-being. This investment will have a lasting impact on the lives of those we serve and help strengthen our community as a whole.

$50,000+ | Empowerment Partner

Provides critical resources to empower individuals and families for a brighter future.

A $50,000 investment will enable us to provide comprehensive workforce development programs and job training to 22 students, equipping them with the skills and qualifications needed to succeed in today’s job market. This funding will also support wraparound services, such as mentorship, career counseling, and life skills training, ensuring each student receives holistic support throughout their journey. By investing in these students, we will increase their opportunities for long-term employment and self-sufficiency. Ultimately, this investment will create a lasting impact, helping individuals thrive while contributing to the broader community’s economic growth.

$25,000+ | Hope Partner

Plays a crucial role in creating lasting, positive change in the community.

A $25,000 investment will enable us to provide healthy food and essential home supplies to 350 families for three months, helping alleviate immediate hardship and ensure their well-being. This funding will supply nutritious groceries, cleaning products, and other vital items that support families in maintaining a healthy and stable home environment. By addressing these basic needs, we can reduce stress and improve the overall quality of life for families in our community. This investment will have a direct, positive impact on 350 families, fostering greater health and stability during a critical time.