Preserve Your Values: Leave a Legacy

Published: April 1, 2019

Author: Gina Hays; Director of Communications & Development

Families First’s reputation for excellence and innovation has been unsurpassed in our 183 years. Friends and donors of Families First share our priorities, passion, and vision for a community of healthy, capable and loving families.

Many community residents are preserving their values through charitable giving in their estate plans, often through their will. Their gifts assure that Families First’s successful services will be available to families for many generations.

One example is Tom and Karen Peck. As Tom explained it, “Like a lot of people who do estate planning, Karen and I considered the financial legacy we wanted to leave for our family, but we also wanted to think through how we could support our church and other organizations like Families First that are important both to us and the community.”

Tom has been involved with Families First since 2001. He says it’s the longest-running organization that he and Karen have supported other than their church.

“My tenure at Families First wouldn’t have lasted this long if Karen and I both weren’t believers in the mission and work of the organization. When it came time to consider which charitable organizations to include in our estate plan there was no doubt that Families First would be on the list.”

Tom and Karen consulted with an estate planning attorney on the best way to make their legacy dream a reality and he helped them come up with a plan that makes sense for them right now.

Here are four (4) steps you may want to consider to leave your legacy (from Leave A Legacy Minnesota):

1. Reflect on your life values. Think about what’s important to you and what kind of legacy you want to leave. Reflect on people and organizations who have touched your life, and how you might honor their memory. Consider the future - how do you want to impact it?

2. Choose an organization or cause. Talk to a nonprofit organization about opportunities to match your goals. The organization can help you sort through the options.

3. Evaluate your finances. Look at what you need to live on, what you own, and what you’d like to give. Review your will, estate plans, insurance beneficiaries, and asset titles. Consult an attorney, accountant, or other financial advisor about tax-friendly options for making a charitable gift. There are usually options to provide for both your heirs and your interests.

4. Take action. Put your personal estate plans into place. Remember, almost everybody has the capacity to leave a legacy.

To receive Families First’s Friends of the Family Endowment brochure, contact the development office at 317-644-7207. All requests for information are confidential and non-obligatory.