Planning a gift is an investment in the future of Lakeside, a significant way to make a lasting difference and a way to accomplish your financial and philanthropic goals.
The founders of Lakeside held great dreams for this Chautauqua community more than 14 years ago. Many Lakesiders recognize how planned gifts will enrich the Lakeside Chautauqua experience for future generations.
The Founders Society was formed to honor those who recognized the importance of investing in Lakeside, and have included Lakeside in their estate planning. Lakeside’s future relies on planned gifts made today, that will provide for an enriching Chautauqua experience for the future. The Founders Society honors those who make a gift to Lakeside in the form of Bequests, Charitable remainder trusts, Charitable lead trusts, Life insurance policies, Real estate, and Retirement plans.
Establishing these gifts requires the assistance of a knowledgeable advisor to ensure it is customized to fit individual needs. For more information on gift planning, contact your personal attorney or financial planner and the Lakeside Chautauqua Foundation at 419-798-4461, ext 246
To discuss the possibilities, contact Gretchen Colon, V.P. of Advancement & Marketing, at gcolon@lakesideohio.com or Allyson Lane, Advancement Stewardship Coordinator, at allyson@lakesideohio.com.
Planning a Gift
Unrestricted Bequests
An unrestricted bequest is one intended for the best use of and as determined by Lakeside. Such a bequest might read:
I give to Lakeside Chautauqua Foundation, Lakeside, Ohio, the sum of $__ (or __% of my estate or of the trust assets, or all of the residue of my estate or of the trust assets).
Restricted Bequests
Donors may restrict the usage of their bequests. A restricted bequest might read:
I give to Lakeside Chautauqua Foundation, Lakeside, Ohio, the sum of $__ (or __% of my estate or of the trust assets, or all of the residue of my estate or of the trust assets) to be used by Lakeside for _____ (state the specific purpose).
Endowment Bequests
An endowment bequest might read:
I give to Lakeside Chautauqua Foundation, Lakeside, Ohio, the sum of $__ (or __% of my estate or of the trust assets, or all of the residue of my estate or of the trust assets) to establish a permanent fund in its endowment which shall be known as the _____ Fund, the income of which shall be used by Lakeside.
Restricted Endowment Bequests
Donors may restrict the use of endowment bequests. A restricted endowment bequest might read:
I give to Lakeside Chautauqua Foundation, Lakeside, Ohio, the sum of $__ (or __% of my estate or of the trust assets, or all of the residue of my estate or of the trust assets) to establish a permanent fund in its endowment which shall be known as the _____ Fund, the income of which shall be used by Lakeside for _____ (state the specific purpose). If the Foundation determines that the need for funds for that purpose no longer exists, the Foundation is authorized to use the income otherwise in the best interests of Lakeside, maintaining the identity of the Fund.