Cranberry Legacy Endowment
Create a Legacy: Your Name for Today and Future Generations
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We all contemplate questions like:...
"What is my purpose?"
"How can I make a difference in the world?"
The Cranberry Foundation Legacy Endowment Program offers a meaningful way to have a lasting impact on your community, your passions, and future generations. By creating a Legacy Endowment, your generosity will continue to benefit the causes you care about, supporting your community, your children, and their children for years to come.
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Investing in Cranberry Township means you are investing in the fabric of your own community.
What Your Endowment Includes
Make a lasting impact on Cranberry Township with a gift to the Cranberry Foundation Legacy Endowment. Your generosity will be permanently recognized in several ways:
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Personalized Bench: Donors of $25,000 or more will be honored with a personalized bench placed in a prominent location within Cranberry Township.
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Annual Report Spotlight: Your Legacy Endowment level will be featured in our annual report, showcasing details of your fund and a photo (if provided).
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Cranberry Foundation Website Recognition: Your Legacy Endowment level will be permanently listed on the Cranberry Foundation website.
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Project of the Year Recognition: Your endowment will be linked to each Project of the Year, ensuring your legacy is woven into the community.
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Additional contributions to your Legacy Endowment will advance your level and impact, inspiring others in our community.
Make a Lasting Difference
​Your Endowed Impact - Your gift to the Cranberry Foundation Legacy Endowment Program allows us to strategically invest in initiatives that enhance the lives of our residents. This includes supporting:
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Project of the Year Awards: Recognizing and funding impactful community projects that make Cranberry Township an even better place to live.
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Non-Profit Support: Strengthening the essential services provided by local non-profit organizations.
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Exceptional Quality of Life: Investing in programs and initiatives that foster a vibrant and healthy community for all residents.
By contributing to a Cranberry Foundation endowment, you leave a legacy that benefits current and future generations. Your contribution ensures Cranberry Township remains a place where opportunity thrives, and residents enjoy an exceptional quality of life.​
How to fund your Legacy Endowment
DIRECT DONATIONS
The minimum gift to establish a Legacy Endowment is $12,500. Consider multiple levels of Legacy Endowments:
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$12,500 – Pioneer
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$25,000 - Heritage
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$50,000 - Pillar
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$100,000 – Legend
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$250,000 – Visionary
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$500,000 – Cornerstone Benefactor
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$1,000,000+ - Generational Changemaker
GIFT LIFE INSURANCE
You can donate an existing insurance policy or take out a new one that will be owned by the Cranberry Legacy Endowment to benefit the specific nonprofit/civic group of your choice.
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Insurance premiums are tax deductible in the year they are made.
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Insurance premiums made over $10,000 will be immediately recognized as a Legacy Endowment in the Annual Report.
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Premiums can be made in convenient annual payments or in a one-time payment.
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Company matches may be used to help pay premiums.
REAL ESTATE
You can make a substantial gift through a transfer of residential, commercial, or undeveloped real estate if you own property not subject to a mortgage.
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An outright gift of appreciated property offers maximum tax advantages. An appraisal is needed for IRS purposes.
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A gift of the remainder interest in your home or farm (called a “retained life estate”) can provide a current tax deduction, avoid capital gains taxes, and allow you to continue to live in your home.
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A gift (or partial interest) of appreciated property can be used to create a charitable remainder trust, which will provide you (and/or you and a second beneficiary) an annual income for life.
CHARITABLE GIFT ANNUITY
A charitable gift annuity is a simple combination of two concepts: a charitable gift and income for life. A gift annuity allows you to make a gift to your endowment and benefit from the following:
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Safe, fixed income for your life and the life of a loved one
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Tax savings-immediately and in the future
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Favorable treatment of gains
In exchange for an irrevocable gift of cash, publicly traded securities, or other assets, the Legacy Endowment agrees to pay one or two persons a fixed annual income. ​The minimum contribution to establish a gift annuity is $25,000. The minimum age for receiving annuity payments is 65. While cash is the most popular way to fund a gift annuity, you may also use maturing CDs, publicly traded stock, and other appreciated assets.
CHARITABLE REMAINDER TRUST
For gifts of $100,000 and greater, you can create a charitable remainder trust, which can be created during your lifetime or through your estate. When you transfer assets and name Cranberry Legacy Endowments (CLE) as the trustee, we invest the assets for the length of the trust term. This gift option provides you or your loved ones with annual income, for the rest of you or your loved ones' lifetime; or a term of no more than twenty years. When the trust term is over, the remaining assets are distributed to a nonprofit/civic group that you designated in the initial agreement.
BEQUEST OR LIVING TRUST
Designate a charitable gift to Cranberry Legacy Endowments after your death to benefit a specific nonprofit/civic organization. If you are interested in remembering the Cranberry Legacy Endowments (CLE) and/or a specific nonprofit/civic organization in your will or living trust, please contact CLE about your intentions. A representative will provide you with bequest language that may assist you and your attorney when writing your will or living trust. We will also help you craft a Statement of Intent for your gift, specifying how the gift should be used when received by the Legacy Endowment.
Join Our LEGACY.
