WHAT IS LEGACY ENDOWMENT

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• WHAT IS LEGACY ENDOWMENT?

What do we do?
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A PROFILE OF LEGACY ENDOWMENT

• LEGACYS MISSION STATEMENT
• To support increase Charitable Giving in our
  Southern California communities.

• LEGACYS VALUE STATEMENT
• As the organizations legal and moral
  guardian, the Board of Directors is responsible
  for safeguarding its current future welfare and
  fulfilling its obligations to the Donors and
  Beneficiaries it serves.

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LEGACY ENDOWMENT IS

• A PUBLIC CHARITY
• DEFINED AS A COMMUNITY FOUNDATION, under the
  Department of the Treasury regulations.
  (Appendix 1)

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UNLIKE OTHER PUBLIC CHARITIES, A COMMUNITY
FOUNDATION
Serves a defined geographical area. Is
open to all donors can serve
multiple, as opposed to, restricted
purposes. Can manage the financial assets of
other organizations individual donors.
It can exercise The Power of Variance.
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• WHY? To provide an opportunity for donors in our
  Southern CA Communities to put donations to use
  IN the neighborhoods where we live

• WHEN? Legacy Endowment incorporated in 1994 and
  started its first Investment Pool in 1997.

• WHO? The Legacy Endowment Board of Directors are
  the caretakers

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WHAT ARE OUR LEGAL RESPONSIBILITIES?

• Conform with the requirements of Corporate, Non
  profit and Trustee Laws and IRS Rules and
  Regulations.

• It is a legally appointed Trustee for the
  Charitable Remainder Trusts it manages.

• It considers itself to be a Trustee in all
  other aspects of its Administration and
  Management.

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SERVICES PROVIDED

• Planned Giving
• Management of a variety of funds
• a) To meet a variety of Donors needs,
  together with..
• b) Short, Medium and Long Term Investment
  Horizons.

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LEGACY ENDOWMENTS FUND OPERATION

• SHORT TERM PASS THROUGH FUNDS.
• To Enable donors to make tax deductible
  donations to meet the immediate cash requirements
  of tax exempt organizations.
• Time horizon, 1-12 months.
• Invested in Money Market Funds.

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CHARITABLE REMAINDER TRUST FUNDS and ENDOWMENT
FUNDS

• Time horizon, Long Term (10 Years)
• Managed to meet all the requirements of The
  Prudent Investor Rule, UPIA and UMIFA.

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MEDIUM TERM PASS THROUGH FUND.

• Legacy Endowment has been working on the
  development of this type of fund for just over a
  year.
• It is designed to serve the needs of
  organizations with a 2 5 year time horizon.

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STRUCTURE OF THE MEDIUM TERM PASS THROUGH FUND

• Combination of Fixed Income Equity Funds
  (60/40).
• - Better diversification than Fixed Income
  only.
• - Active Management
• - Target Rate of Return 6 p.a.
• (before Legacy Fees).
• Target Standard Deviation 12 p.a.

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Minimum 100,000 Initial Investment. -
Additions - 25,000.00. - Set up cost
750.00.

• Fees.
• - Up to 1 Mil, 1.5 p.a. maximum.
• - Above 1 Mil, 1 p.a. minimum.

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• Distributions 30 days notice.
• Minimum Account Balance - 100,000.
• - Closing Costs - 500.00 plus any
• incidental costs.
• Donor Participation and Reporting.
• - Investment Committee Participation.
• - Quarterly Reporting.