Contact: Kimberly Moore
(760) 728-3304
kimberly.moore@legacyendowment.org
FOR IMMEDIATE RELEASE
Legacy Endowment: the Heart of North County
One of the pleasures the Board and staff at Legacy Endowment enjoy over and again is the look of satisfaction and delight on the faces of potential donors and beneficiaries alike when we have successfully conveyed the power behind the pooling of resources for the community good that goes on here at Legacy. For many, words like ‘Endowment’ and‘Foundation’ conjure images of stuffy suits and stiff-backed chairs, but the fact is, Legacy is too much about action and efficiency to be called ‘stuffy’.
This past year, in the aftermath of the Rice fire, many people came to know Legacy and its Board in its role of community leader in North San Diego County. Sleeves rolled up, we partnered effectively with the After-the-Ashes Committee as well as the Fallbrook Chamber to raise and distribute over $117,000 in much needed funds for victims of our most recent firestorm. To all of you who volunteered and donated so mightily to make that happen, we thank you! Speedily and efficiently those moneys reached thoroughlyevaluated victims, with Legacy making sure every ‘i’ was dotted and every ‘t’ crossed.
With an operating budget of only 1% of its overall ($10,000,000) size, Legacy works hard and alone to create the time and manpower to share the Legacy story with more of you in North County. And Wil Gower helped to change that last month, when he convened Legacy’s first ambassador orientation meeting. Eleven community-minded locals volunteered to serve as Legacy Ambassadors to help carry the message of how Legacy enriches our North County communities as well as individual donors.
Here is just a sampling of what, in the past year alone, our dedicated board and staff have accomplished. Among many other missions, we accomplished the following:
- Extended countless 501(c)3 benefits to various non-exempt businesses, non-profit organizations and individuals who wanted to see their donations earn income as well as benefit the local community.
- Added over a million dollars of special purpose funds to build new buildings, restore rehabilitation centers, provide therapy for developmentally challenged individuals and other worthy causes.
- Established and managed new charitable remainder trusts, endowments and donoradvised funds.
- Guided numerous local charities and donors in structuring their philanthropy.
- And in the meantime, we awarded more than $362,000 in grants to support North County organizations that we all appreciate, including the FUHS Scholarship Fund, Boys & Girls Club, St. Madeline’s Sophie Center, Elisabeth Hospice, Burnham Institute Cancer Center, Handicapped Assistance Fund, Cabin by the Lake, and numerous senior citizen causes, among others
Thanks to our current donors, these funds and more are pooled to grow and work together, providing benefit to their originators and to our North County charities.
At Legacy Endowment, it is our job is to provide donors and their professional advisors with the technical assistance they need to plan their charitable giving. You are familiar with the old saying, “if you have a job to do, give it to the busiest people you know”. In North San Diego County, that is Legacy.
It is our goal to grow Legacy Endowment to $50,000,000 by 2012 in order to continue aiding donors in their good works. Our donors don’t so much give ‘to’ Legacy, but ‘through’ Legacy. Now is the time for you – an individual, family or organization - to be a part of the action by asking that all important question of Legacy: “What would be the best way to turn my dreams of giving into reality?”
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