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What Is Legacy Endowment?

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					WHAT IS LEGACY
 ENDOWMENT?

 What do we do?
A PROFILE OF LEGACY ENDOWMENT

 LEGACY’S MISSION STATEMENT
       “To support & increase Charitable Giving in
   our Southern California communities.

LEGACY’S VALUE STATEMENT
               “As the organization’s legal and moral
guardian, the Board of Directors is responsible for
safeguarding its current & future welfare and fulfilling
its obligations to the Donors and Beneficiaries it
serves”.
LEGACY ENDOWMENT IS:

 •A PUBLIC CHARITY
 •DEFINED AS A COMMUNITY
 FOUNDATION, under the Department
 of the Treasury regulations.
 (Appendix 1)
UNLIKE OTHER PUBLIC CHARITIES,
A COMMUNITY FOUNDATION ;
 * Serves a defined geographical area.
 * Is open to all donors & can serve
   multiple, as opposed to, restricted
   purposes.
 * Can manage the financial assets of other
   organizations & individual donors.
 * It can exercise “The Power of Variance.”
WHY? To provide an opportunity for donors in
   our Southern CA Communities to put donations
   to use IN the neighborhoods where we live



WHEN?       Legacy Endowment incorporated in
1994 and started its first Investment Pool in
1997.


WHO?        The Legacy Endowment Board of
Directors are the caretakers
WHAT ARE OUR LEGAL RESPONSIBILITIES?
   Conform with the requirements of
    Corporate, Non profit and Trustee Laws and
    IRS Rules and Regulations.
   is a legally appointed Trustee for the
 It
Charitable Remainder Trusts it manages.

 It “considers” itself to be a Trustee in all
other aspects of its Administration and
Management.
SERVICES PROVIDED

   Planned Giving
   Management of a variety of funds;
    a) To meet a variety of Donors’ needs,
       together with..
    b) Short, Medium and Long Term
       Investment Horizons.
LEGACY ENDOWMENT’S FUND OPERATION

   SHORT TERM “PASS THROUGH” FUNDS.
    To Enable donors to make tax deductible
    donations to meet the immediate cash
    requirements of tax exempt organizations.

    Time horizon, 1-12 months.

    Invested in Money Market Funds.
CHARITABLE REMAINDER TRUST FUNDS
and ENDOWMENT FUNDS


Time horizon, Long Term (10 +
Years)
Managed to meet all the
requirements of “The Prudent
Investor Rule”, UPIA and UMIFA.
MEDIUM TERM PASS THROUGH FUND.

   Legacy Endowment has been
   working on the development of
   this type of fund for just over a
   year.
   It is designed to serve the
   needs of organizations with a
   2 – 5 year time horizon.
 STRUCTURE OF THE MEDIUM TERM PASS
 THROUGH FUND
Combination of Fixed Income &
Equity Funds (60/40).
- Better diversification than Fixed
      Income only.
- Active Management
- Target Rate of Return – 6% p.a.
        (before Legacy Fees).
Target Standard Deviation – 12% p.a.
Minimum $100,000 Initial Investment.

    - Additions - $25,000.00.

    - Set up cost: $750.00.

Fees.
     - Up to $1 Mil, 1.5% p.a. maximum.
     - Above $1 Mil, 1% p.a. minimum.
   Distributions – 30 days notice.
   Minimum Account Balance - $100,000.
       - Closing Costs - $500.00 plus any
         incidental costs.
   Donor Participation and Reporting.
       - Investment Committee Participation.
       - Quarterly Reporting.

				
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