The Jacob Schaefer Legacy Society: Leaving a Lasting Legacy

Is Bancroft’s long-term success important to you? Then consider making a planned gift to the organization. Whether it’s a simple bequest in your will or an annuity while you’re living, planned gifts help ensure the organization’s future.

When you make a legacy gift to Bancroft, we would like to recognize you as a member of The Jacob Schaefer Legacy Society. The Society recognizes donors who have made a legacy gift to Bancroft. Membership in the Society does not depend on the dollar amount of your gifts, but rather it recognizes and acknowledges those donors who have remembered Bancroft in their estate plans.

Did you know there are many ways to leave a legacy gift to Bancroft?  Here is a list of ways you can include Bancroft in your estate plans.

Bequests—A bequest is one of the simplest ways to remember those you care about most in your will or estate plans.

1. How it Works: To make a charitable bequest, you need a current will or revocable living trust.  Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, Bancroft receives your gift.

New Charitable Gift Annuity—If you'd like to support our mission and receive steady payments during your retirement years, a Charitable Gift Annuity may be right for you.

1. How It Works: Through a simple contract, you agree to make a donation of cash, stocks or other assets to Bancroft. In return, we agree to pay you (or you and someone else, if you choose) a fixed amount each year for the rest of your life.

Charitable Lead Trusts—A Charitable Lead Trust would be appropriate if you would like to make a gift to Bancroft now, while still ensuring that your loved ones will receive a gift from your estate.

1. How it Works: A Charitable Lead Trust can be used to transfer assets to children or others at a significantly reduced tax liability. The trust makes a fixed payment to Bancroft for a specified term. After the trust term ends, the assets of the trust are either returned to you or passed on to children or other loved ones.

Life Insurance—Make Bancroft a beneficiary of a life insurance policy, checking or savings account.

1. How it Works: Adding Bancroft as a beneficiary of an already existing life insurance policy or even your checking account is one of the easiest ways to make a legacy gift to Bancroft. 

A legacy gift is a personal decision with both potential tax and legal considerations, so your attorney and accountant should be consulted.

If you would like to learn more about how you can leave a legacy gift to Bancroft, please contact our Development Office at (856) 348-1164 or email us.