A legacy fund is established today and funded in the future with a gift by Will, life insurance, or registered fund.
How it works
A legacy fund enables:
- The support of your charities or charitable causes after your death.
- Creation of a customized plan to ensure effective giving from your estate.
- You to change your chosen charities at no charge, without altering your Will or insurance policy.
- Minimum annual payout is 4% of the previous year-end market value of the fund, after the bequest is received.
- There is no cost to establish a legacy fund and no expenses are charged until it is funded.
Frequently Asked Questions
Yes. Aqueduct focuses on bequests and other estate donations. A donor may establish a legacy fund now, which is designed to be funded with a future estate donation. Donor advised funds can also be support with a combination of lifetime and estate donations.
A new fund can be established with an initial irrevocable donation of $100,000. Aqueduct’s target minimum is $250,000, but we understand some donors need a few years to build to that level.
Yes. Donors can choose to appoint family members as grant advisors to work with them during their lifetimes, or as successor advisors to provide Aqueduct Foundation with granting advice only after the donors have died or lost capacity. These details are included within the Fund Deed that is personalized for each donor’s individual preferences.
