Bar News - May 4, 2007
A Little Planning Goes a Long Way
By: David G. Snyder, Executive Director, NH Bar Foundation
For the past 30 years, attorneys have been the greatest source of philanthropic giving to the New Hampshire Bar Foundation. The philanthropy helps protect the civil legal rights of thousands of people each year. It is not surprising that the necessity of a fair and just society is clearly recognized and supported by our legal community
In fact, your support, through direct donations and planned giving, has created an endowment of more than $1 million at the Bar Foundation during the past 10 years. In 2007, nine nonprofit organizations received Justice Grants from these funds.
Memorial and Honor gifts create an enduring legacy for colleagues, family members, and friends. In their name, New Hampshire citizens benefit for decades to come. Major Gifts may be restricted to donor-specified objectives or be broad in the scope of civil legal programs. Named funds may be established with $10,000 or more. Planned charitable giving may be done during your lifetime or through your will. Securities, trusts, real estate, retirement plans, and life insurance are a few of the assets that offer attractive options for many donors. The tax benefits depend on the vehicle used.
Cy pres awards may be directed to the Bar Foundation. The recent legal trend relies on both the doctrine of cy pres and the courtís broad equitable powers to allow flexibility in the distribution of class action residual funds, and permit the use of funds for broad public interest purposes by educational, charitable, and other public service organizations. Cy pres awards designated to the Bar Foundationís endowment are one of the best means to extend the benefit of such awards to those who need it the most.
Please contact me at 603-715-3255 to discuss the various planned or major giving options. More information about the Bar Foundation, our work, and ways to give is available online at: http://www.nhbarfoundation.org/.