The Legacy Society
We are delighted to announce the formation of the OneLegacy Foundation’s Legacy Society. The Legacy Society honors the caring and visionary individuals who are making a contribution to the future of our mission by including the OneLegacy Foundation in their will or estate plans.
One gift can impact many lives
We invite you to share in this giving opportunity to ensure that OneLegacy Foundation continues to educate and inspire people to take action in support of living and deceased donation. You can make a difference by leaving a lasting legacy of life.
A gift to OneLegacy Foundation in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:
- Is easy to arrange
- Can be easily modified to address your changing needs
Learn More About Bequests
Residual Bequest Language
A residual bequest comes to us after your estate taxes, expenses and specific bequests are paid:
I devise and bequeath to OneLegacy Foundation, a California nonprofit public benefit corporation with headquarters in Los Angeles, CA, all (or state a percentage) of the residue of my estate, both real and personal and wherever situated, to be used for the Foundation’s general purposes (or for the support of a specific fund or program you designate).
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Specific Bequest Language
Naming OneLegacy Foundation as beneficiary of a specific gift from your estate is easy:
I devise and bequeath to OneLegacy Foundation, a California nonprofit public benefit corporation with headquarters in Los Angeles, CA, the sum of $___________ (or description of a specific asset) to be used for the Foundation’s general purposes (or for the support of a specific fund or program you designate).
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Contingent Bequest Language
OneLegacy Foundation can be named as a contingent beneficiary in your will or trust if a specific or residuary bequest cannot be fulfilled:
I devise and bequeath the residue of my estate, real and personal and wherever situated (or specific asset(s)), to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate (or specific asset(s)) to OneLegacy Foundation, a California nonprofit public benefit corporation with headquarters in Los Angeles, CA, for its general purposes (or for the support of a specific fund or program you designate).
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Naming the Foundation as Beneficiary of a Retirement Plan
You may name OneLegacy Foundation as a beneficiary of your IRA or qualified retirement plan.
Naming OneLegacy Foundation as the beneficiary of a retirement plan such as a 401(k), 403(b), IRA, Keogh or profit sharing pension plan can accomplish a charitable goal while possibly realizing significant tax savings. Significant income and estate tax costs can arise from passing such assets to heirs. By naming OneLegacy Foundation as beneficiary of your retirement plan, you maintain the same control over the asset while living, but upon your death the plan passes to support OneLegacy Foundation free of both estate and income taxes. Please consult with your tax advisor regarding the specific tax benefits of such gifts.
Making a charitable gift from your retirement plan can be easy. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify OneLegacy Foundation. We can also assist you with the proper language for your beneficiary designation to OneLegacy Foundation.1
1You should always check with the plan administrator or financial institution to determine whether it has any restrictions on designating charities as beneficiaries for retirement accounts. If you are married, check with your plan administrator, financial institution or professional advisor to determine whether or not your spouse must consent to the designation. Failure to obtain spousal consent could result in a disqualification of the beneficiary designation, should it be determined that spousal consent was required. Check with your professional advisor before naming a charity as one of multiple beneficiaries of a retirement plan.
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