Legacy Giving is a profound way to ensure that your values and commitment to economic reform and social justice continue to make a difference for generations to come. By including Globalgood Corporation in your estate plans, you can leave a lasting impact on our work and help build a more just, equitable, and sustainable world. Legacy gifts are a testament to your dedication to meaningful change and provide vital support for our long-term initiatives.
Why Consider Legacy Giving?
1. Create a Lasting Legacy:
- Enduring Impact: Your legacy gift will continue to support Globalgood Corporation’s mission long after your lifetime, ensuring that your commitment to economic reform and social justice has a lasting effect on future generations.
- Support for Future Initiatives: Legacy gifts provide a stable foundation for our work, allowing us to plan for the future and sustain our advocacy efforts over the long term.
2. Financial and Tax Benefits:
- Potential Tax Advantages: Depending on your location and the specifics of your estate plan, legacy gifts can offer significant tax benefits. These benefits may include reduced estate taxes and potential income tax deductions for your heirs.
- Flexibility: Legacy giving offers flexibility in how you choose to structure your gift, whether through bequests, trusts, or other estate planning tools.
3. Honor Loved Ones:
- Memorial Gifts: Legacy gifts can be made in memory of a loved one, ensuring that their values and beliefs are honored and remembered through your support of Globalgood Corporation’s mission.
- Dedications: You can choose to dedicate your gift to a specific cause or initiative that aligns with your or your loved one’s passions, making a meaningful connection between their legacy and our work.
Ways to Give
1. Bequests
- Overview: A bequest is one of the simplest and most popular ways to make a legacy gift. You can include Globalgood Corporation in your will or trust by specifying a set amount, a percentage of your estate, or a specific asset to be donated.
- How to Include a Bequest: To include a bequest, simply add a clause in your will or trust that names Globalgood Corporation as a beneficiary. Please use our full legal name and tax ID number when making this designation. We recommend consulting with your attorney or financial advisor to ensure that your bequest is structured according to your wishes.
2. Charitable Trusts
- Overview: Charitable trusts are flexible tools that allow you to provide for your loved ones while also supporting Globalgood Corporation. Trusts can be set up to provide income to beneficiaries during their lifetime, with the remainder of the trust’s assets going to Globalgood Corporation after their passing.
- Types of Trusts:
- Charitable Remainder Trust: Provides income to you or your beneficiaries for a set period, with the remainder going to Globalgood Corporation.
- Charitable Lead Trust: Provides income to Globalgood Corporation for a set period, with the remainder going to your beneficiaries.
- How to Set Up a Trust: Establishing a charitable trust requires legal documentation and planning. We recommend working with your attorney or financial advisor to structure a trust that meets your financial goals and philanthropic wishes.
3. Retirement Accounts and Life Insurance
- Overview: Naming Globalgood Corporation as a beneficiary of your retirement accounts (such as an IRA, 401(k), or pension) or your life insurance policy is an easy way to make a legacy gift. This option allows you to maintain control of your assets during your lifetime while supporting our mission in the future.
- How to Designate a Beneficiary: To name Globalgood Corporation as a beneficiary, contact your retirement plan administrator or life insurance provider to request a beneficiary designation form. Include our full legal name and tax ID number when completing the form.
4. Real Estate and Other Assets
- Overview: Donating real estate or other valuable assets, such as stocks, bonds, or art, can provide significant support to Globalgood Corporation while offering potential tax benefits to your estate.
- How to Donate Assets: To donate real estate or other assets, please contact our development team to discuss the details of your gift. We recommend consulting with your financial advisor to understand the implications and benefits of donating assets as part of your legacy plan.
Recognition and Appreciation
1. Legacy Society:
- Exclusive Membership: By making a legacy gift, you will be invited to join the Globalgood Legacy Society, a special group of supporters who have committed to leaving a lasting impact through their estate plans.
- Recognition: Members of the Legacy Society are recognized in our annual reports, on our website, and at special events (unless you prefer to remain anonymous).
- Legacy Society Events: Enjoy invitations to exclusive events where you can connect with other legacy donors, meet our leadership team, and learn more about the long-term impact of your gift.
2. Naming Opportunities:
- Personalized Dedications: Depending on the size and nature of your legacy gift, there may be opportunities to name a program, initiative, or space in honor of you or a loved one, ensuring that your legacy is permanently linked to our mission.
Call to Action:
Leaving a legacy with Globalgood Corporation is a powerful way to ensure that your commitment to economic reform, social justice, and sustainability continues to make a difference for years to come. If you are considering a legacy gift or would like more information, please contact our development team at info@globalgoodcorp.com or 6148295030. We are here to help you explore your options and ensure that your legacy is honored in a way that reflects your values and wishes. Thank you for considering this profound contribution to our mission