Bequests, large and small, have been a significant source of support for Legacy Christian Academy. A legal disposition by will, which names Legacy Christian Academy as the recipient of all or a portion of the donor’s estate, not only helps the school, but usually reduces the donor’s federal estate taxes, and in most cases state inheritance taxes as well. The donor may specify that the school receive a percentage, an asset, a specific dollar amount or a remainder of his or her estate. Frequently a donor may set up a charitable arrangement designating the income for life to another person and the principal ultimately to Legacy Christian Academy. Please contact Dana Brion, Director of Advancement via Email or 763.427.4595 ext. 262 for additional information.
Legacy Christian Academy Endowment: A legacy and long-term investment
Legacy Christian Academy strategic plan has set a goal to build an endowment. Named endowment funds are vital to sustaining the fiscal health of Legacy Christian Academy. Named endowment funds will be established at a minimum of $50,000 through outright gifts of stock and cash, or through bequests and other estate planning vehicles. Each fund will leave a meaningful legacy to Legacy Christian Academy. These funds will be typically used to endow scholarships, teaching positions or other programs and expenses as stipulated by the donor. An investment committee of the board and outside investment consultants will manage the endowment.