Phil Cubeta, planned giving expert and friend of the Foundation, shares four critical checkpoints, or bases, for you to consider as you plan your own legacy.
Finding your charitable legacy home
My potential gift is big to me; is it for you? What will we get for that money? How do we know it will not be wasted? What impact will this gift make? What kind of reporting will we receive? At a certain age we look back and see that we have been true to what we love. Finding your home base charity means that you have asked a nonprofit the tough questions and seen the right results. Many of us have given faithfully to home base charities for decades. Giving when asked. Stepping up when asked. For such donors certain nonprofits, too, are home.
Studies show that less than half of us have estate-planning documents in place. Fewer yet are up to date. When the topics are complex and our emotions are unresolved, we tend to procrastinate. Yet legacy is not about endings but beginnings. It is about life and what must live on after we are gone in our families and in the communities we love. And if we step up to the plate, swing the bat, and run the bases, what is best in us will live on both through our gift and, also, through the example we set for others.
Philip Cubeta, CLU®, ChFC®, AEP®, MSFS, CAP® is the Sallie B. and William B. Wallace Chair in Philanthropy at The American College. Phil Cubeta is responsible for the Chartered Advisor in Philanthropy® (CAP®) curriculum. Phil’s original training was in English Literature, Philosophy, and Psychology. He also holds the Masters of Science in Financial Services (MSFS) from The American College. He serves on the board of The National Association of Estate Planners and Councils.
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