BCHA Starts the Legacy Fund to Assure a Solid Financial Foundation for the Future
Tuesday, February 12, 2019
Posted by: Erica Fearn
The new Legacy Fund will help provide a strong financial foundation so BCHA can continue to meet our mission in the future — “Keeping Trails Open for Future Generations.” This investment in our future also supports our commitment to maintain access to trails and keep public lands in public hands. Started in 2018, the Legacy Fund is our first step toward building long-term, financial support for BCHA. The Legacy Fund has a different objective from the Trails Forever or the Spur Funds, which focus on support for current, annual projects and operations. READ MORE...
There are two phases to the Legacy Fund project: 1) building the fund balance to eventually convert it to a true endowment fund, and then 2) using endowment income to facilitate future BCHA operations and projects.
What is key for all prospective donors is to know is that the principal of the Legacy Fund cannot be withdrawn for any reason.
When the Legacy balance becomes significant, it will be managed by a professional financial advisor, with the intent to grow the principal and generate interest and dividends.
We have a challenge to meet. We have set a target of $20,000 for the Legacy Fund by the end of the National Board Meeting in April. Mainspring Association Management and a few committed members have agreed to an $8,000 Challenge Grant. What this means is, if we raise $20,000 by the end of the NBM, the Legacy Fund will be launched with $28,000.
Anyone donating to the Legacy Fund in any amount will be a member of the Legacy Society. Any member donating $1000 or more in cash or stock — by the end of the National Board Meeting in April — will be recognized as a Legacy Founding Member. The Founding Member designation is in recognition of providing the early “seed” money to startup the Legacy Fund and “get the ball rolling.”
There are many tax-deductible ways to give and contribute:
A Direct Donation by check or credit card
A Donation in Honor or Memory of a person
A Charitable Bequest in your will or trust
A Qualified Charitable Distribution from your IRA starting at age 70-1/2
A Matching Gift through you employer, doubling your gift (or more)
A full or partial assignment of an Annuity
A designation as a beneficiary of a Life Insurance Policy
A transfer of Appreciated Securities including stocks and bonds
A distribution from your Donor Advised Fund (not tax deductible)
Note: All donations should indicate: “For the BCHA Legacy Fund.”
So, what about you? After you have provided for your loved ones, children, and grandchildren, what else might you consider doing with a portion of your assets? Where can you make a contribution that can have the most impact — the greatest “bang for the buck?” As we move forward in our lives, we often ask how can I leave something to a group — like BCHA — that shares my values and love for horses and trail riding. I would want to feel comfortable in knowing BCHA was financially secure and would continue their mission in the future — Volunteerism, Education, and Advocacy. Please help us secure BCHA operations into the future, for your children, grandchildren and beyond.
You have already poured your heart, soul, time, and money into BCHA at the local, state and national levels. We invite you to become a Legacy Society Member, and if possible, to become a Legacy Founding Member — your personal legacy.
“Keeping Trails Open for Future Generations.”
To make a donation by National Board Meeting, please contact Erica Fearn at firstname.lastname@example.org or 860-586-7540. If you have additional questions, Erica will have one of the Legacy Committee members get in touch with you.