We invite you to partner with LifeCare Alliance to ensure that we can serve all those in need for generations to come, by joining our Legacy Endowment Campaign. The following are some basic questions and answers about the campaign. Of course, you may also reach out to us at any time using the contact information below.
The Legacy Endowment Campaign was initiated in 2018 to double the organization’s endowment investment income base, from $10 million to $20 million, by 2025. During that same time period, the number of seniors in Ohio is projected to grow by nearly 47 percent. Because more seniors have lower incomes, live alone, and have a higher prevalence of disabilities, a higher proportion of this older population will experience poverty and will look to us for help.
How is the Legacy Endowment Campaign different from LifeCare Alliance’s previous endowment fundraising efforts?
To help reach this goal, LifeCare Alliance has received an extraordinary $5 million challenge gift from an anonymous donor who will match eligible gifts dollar-for-dollar to the Legacy Campaign. Donors will have the unique opportunity to double both their contribution and LifeCare Alliance’s community impact.
Current gifts of cash, stock, and other appreciated assets are eligible for this match. Future gifts that are specified in wills, and/or other estate planning vehicles such as charitable remainder trusts and charitable gift annuities are eligible with gift documentation.
Over the past 15 years, contributions received from United Way and support from government funding has decreased precipitously; we predict this trend will only continue. Although we have greatly expanded our annual revenue received from fundraising and social enterprise ventures, we need to ensure that the work we do today for our ever-growing population of seniors can continue uninterrupted into the future.
LifeCare Alliance must remain true to its mission to help those most in need of our programs and services: older adults, as well as people who are homebound, those suffering from a chronic illness, and individuals who are unable to afford traditional care. Today, we support the critical needs of 30,000 clients, but projections show that our ability to serve future clients will be outpaced by demand unless we can expand our revenue base.
To reach the matching gift goal, LifeCare Alliance seeks to raise $5 million from members of the LifeCare Alliance “family” of current and former board members, staff, and volunteers, and from community-minded individuals, businesses, and foundations throughout the organization’s service areas.
Donors who wish to make a significant current gift to the campaign may elect to make a multiyear pledge over a three- to five-year period. Some individuals may choose to make a gift to the endowment that will be realized through their estate plan. We will also be establishing some special named giving opportunities for those who wish to combine a current and future gift to the campaign.
Yes! You can choose to designate your gift to a specific program of LifeCare Alliance, or allow it to be used where it is most needed. Designated gifts can also be memorialized.
All funds contributed through the Legacy Endowment Campaign will be managed by professional investment managers retained by the LifeCare Alliance Board of Directors and the Finance Committee, and must operate in compliance with the policies set forth by the Board and the Committee. We are committed to transparency, accountability, and integrity in utilizing endowment funds contributed for their intended purposes. Endowment funds will:
- generate earnings from which annual distributions will be used to address needs in the areas as designated by the donor.
- grow with market appreciation and the addition of future contributions from trusts, estates, and cash contributions; as earned income is reinvested, the principal will grow and inflation will be offset.
Yes. Within the provisions of the tax law, your full contribution to the endowment is tax deductible. You will receive a letter of tax documentation for your records. Donors are advised to seek qualified legal and tax advice before establishing any kind of will, bequest, or other deferred gift vehicle.
All gifts will be recognized through a permanent fixture onsite at the Agency, listing all campaign supporters. In addition, specific levels and membership in the Catherine Nelson Black Society will be permanently acknowledged through a named endowment fund. Other recognition plans include newsletter features, website and annual report listings, and newspaper articles. To inquire about specific naming opportunities, please contact us to learn more.
You can contact Chuck Gehring, President and CEO, or Rebecca Hurd, Director of Advancement, at any time.