Why Make a Legacy Gift to Horizons Foundation Today?

Why Make a Gift

The LGBTQ community has made tremendous progress. We have much to be proud of - but our work for the equality, dignity, and well-being of all LGBTQ people remains far from finished. Together we have a historic opportunity to generate unprecedented financial resources through bequests and other legacy gifts. These resources will enable us to meet the needs, secure the rights, and celebrate the lives of LGBTQ people forever.

The impact
Legacy giving builds on our community’s momentum by strengthening the financial capacity our community requires to safeguard our gains and translate legal equality into lived equality — for all of us.

Together we can:

  • Help ensure our young people can thrive in safe and supportive homes and schools
  • Help to provide for our elders so they can age with dignity and in community
  • Help those who need us most

We’ll do all this by helping guarantee that organizations serving LGBTQ people have the resources critical to addressing today’s needs and those the future will bring — and that none of us can foresee.

Why now?
Our community’s opportunity in legacy giving is at its peak right now. Today. The Stonewall Generation — those who marched with Harvey Milk, endured the epidemic and built a community against the steepest of odds — are now considering what their legacies might be. When added to the fact that two-thirds of LGBTQ people do not have children – frequently the largest beneficiaries of their parents’ estates – we begin to see how significant this opportunity can be.

Why Horizons?
As the world’s first LGBTQ community foundation, Horizons has built a 34-year track record of innovation, accomplishment, growth, and stewardship. Our history, our experience, and our partners have made all the difference. Today, we are uniquely positioned to lead a bold effort — making the most of our community’s extraordinary opportunity in legacy gifts

We put resources to work. To date, Horizons has made more than $30 million in high-impact grants. We support both established organizations and emerging nonprofits, often bellwethers of emerging needs. We are careful investors, too: the foundation’s assets now exceed $20 million and our LGBTQ Community Endowment Fund already generates hundreds of thousands of dollars each year in grants.

A charitable bequest is one or two sentences in your will or living trust that leave to Horizons Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Horizons Foundation, a nonprofit corporation currently located at 550 Montgomery Street, Suite 700 San Francisco, CA 94111 , or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Horizons or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Horizons where you agree to make a gift to Horizons and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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