THANK YOU TO OUR LEAVE A LEGACY DONORS! Anonymous (x3) | Peter Braun | Gerry and Nan Bunce | Anne Burton | Eva Gaudio | Mary Greer | Mary Hester | John Hoffman | Kaye Howe | Midge Korczak | Al and Ann Marie Manzi | Lynn Morgan | Kathleen Norris | Dee Perry | Cynthia Schmidt | Rob and Sally Smith | John Trueblood
LEAVE A LEGACY
Leaving a gift to “I Have A Dream” in your will or estate plans continues your legacy, providing life-changing opportunities to youth from low-income families in Boulder County. Email or call 303-444-3636 x115.
WHAT IS A CHARITABLE BEQUEST?
A bequest is a gift you make to the “I Have A Dream” Foundation of Boulder County through your will that indicates your desire to leave something of value toward “I Have A Dream’s” future work. A charitable bequest can be a specific dollar amount or a percentage of the value of your total estate, a gift of stock or life insurance, or even real estate.
This thoughtful method of gifting can be created as simply as adding a paragraph to a will.
If you own appreciated securities (stocks, bonds or mutual funds held by you for more than one year), donating them to “I Have A Dream” may allow you to reduce or avoid capital gains taxes and receive a federal income tax charitable deduction. You can also designate our organization as the beneficiary of your securities. This type of gift can be especially appealing if you are holding shares that have appreciated significantly in value but yield a low dividend.
An easy way to make a significant gift to “I Have A Dream” is by leveraging life insurance. Life insurance provides an “amplified” gift that through a relatively small annual cost (the premium), a benefit far in excess of what otherwise might be possible. If you have excess life insurance, you may enjoy tax benefits by designating “I Have A Dream” as the beneficiary (primary or secondary) of an existing life insurance policy or you can purchase a new policy for “I Have A Dream” and receive a tax deduction for the annual premiums.
At the time of death, qualified retirement plan assets may be subjected to both estate and deferred income tax which, when combined, can use up most of the funds. You can designate “I Have A Dream” as a tax-free beneficiary of the remainder of your IRA, Keogh, tax-sheltered annuity, qualified pension or profit-sharing plan. A charitable gift of insurance proceeds or the remainder of retirement plan is normally deductible from the donor’s estate.
A tribute gift is a meaningful way to convey sympathy to the bereaved, memorialize a loved one, commemorate a special occasion or honor a person’s life and accomplishments. Your gift to “I Have A Dream” made in honor or memory of this special person ensures a legacy that extends far into the future.
We welcome gifts of all shapes and sizes. The spirit behind every gift is the same and we are grateful for every one.
RECOMMENDED LANGUAGE FOR BEQUESTS AND TESTAMENTARY GIFTS
Donors wishing to designate a gift to the “I Have A Dream” Foundation of Boulder County in their will or trust should use the following language: “I wish to give [choose the appropriate language] ______ dollars or ______ percent of the estate or _____ number of shares of _____ security to the “I Have A Dream” Foundation of Boulder County, 5390 Manhattan Cir, Suite 200, Boulder, Colorado 80303, Attention: Lori Canova, Chief Executive Officer.”
Contact IHDF by email, or phone at 303-444-3636 x116.
USE OF GIFTS
The “I Have A Dream” Foundation will work with donors and their advisors to identify the purpose within “I Have A Dream” that most closely meets the donor’s wishes.
♦ If the gift is $30,000 or more, the donor may create a named fund.
♦ Donors may request their gift go to address a specific “I Have A Dream” program:
o Computer Technology
o Family Outreach
o Counseling and Life Skills
o Enrichment and Community Service
o Career and College Preparation
♦ Donors may also request that their gift be used for general purposes and thereby designate gifts to the annual campaign.
WHY “I Have A Dream”?
Depending on the gift you choose, you can enjoy certain tax benefits and the peace of mind knowing that your gift will support our proven, long-term academic and career preparation programs and an organization that is recognized on the Social Impact Exchange S&I 100.
A gift to “I Have A Dream” is also a gift to the community, a gift that will help halt the cycle of poverty and create a more vibrant and thriving society. When you level the playing field to all kids regardless of their circumstances, you are also creating a world full of new leaders, entrepreneurs, and philanthropists.
What an exciting prospect to find out how these Dreamers Scholars will fill our hearts today and will become a vital part of defining and growing our community.
If you have remembered “I Have A Dream” in your will or revocable living trust, or are planning to, please let us know. We would like to thank you now and invite you to join our Leave a Legacy Circle.
"I credit the 'I Have A Dream' Foundation for affecting my life in the most positive way possible. During all of these struggles, ever since I was 8 years old, my “I Have A Dream” Program Director, my class sponsors, Debbie and Steve, and the AmeriCorps members have been there for me."