The Asbury Foundation-Heritage Society

The Asbury Foundation Heritage Society

The Asbury Foundation Heritage Society recognizes our closest friends—those who through their vision and generosity seek to ensure the highest quality of life and healthcare services will be available to future generations. These friends support a tradition of caring that began decades ago with the dreams and ideals of our first residents.

The Asbury Foundation Heritage Society recognizes all donors who have included in their wills or estate plans an Asbury community. In forming the Heritage Society, the Foundation expresses its appreciation to those who have made a planned gift, of any amount, for the future benefit of their friends and neighbors. We also invite others to become partners in continuing an extraordinary legacy of service to seniors for many years to come.

All gifts made to each Asbury Community are restricted for the benefit of that community.

What do my gifts support?
Central to our mission is benevolent care, the promise that current residents will not be asked to leave due to financial hardship. When you make a planned gift to an Asbury community, you help ensure we will be able to keep this promise far into the future.

Remembering an Asbury community in your will or estate plan also has a lasting impact as it helps us extend today’s efforts to create the programs seniors will need tomorrow.

What are the advantages of making a planned gift?
A bequest or other planned gift, such as a charitable gift annuity, trust or gift of life insurance, enables you to provide major support to your chosen Asbury community that you might not be able to offer through an outright gift. Many planned gifts also benefit you and your family by providing income sources, tax relief or other advantages.

How are Heritage Society members recognized?
All members receive a recognition certificate and invited to a recognition reception. Each community honors its Heritage Society members in other special ways as well.

How do I make a planned gift?
The following are brief descriptions of various charitable giving plans. All are designed to strengthen your personal security while allowing you to make a substantial charitable donation. Because financial planning and tax laws are complicated matters, we advise you to speak with your professional advisor (attorney, CPA, bank trust officer, financial planner, insurance agent, etc.) before making planned gift commitments.

Charitable Bequest
Including in your will a gift of a specific amount or a percentage of your estate enables you to control your assets during your lifetime while providing an important future gift to our community.

Charitable Gift Annuity
This is a contract in which a donor exchanges a gift of cash or appreciated property for a guaranteed fixed income each year for the rest of the donor’s life. It may be of particular interest to those discouraged by low earnings on cash investments

Charitable Remainder Unitrust
This special irrevocable trust pays income to family members. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by you, the donor.

Charitable Remainder Annuity Trust
The donor selects a fixed annuity amount for this irrevocable trust that pays income to family members. It is usually funded with low-yield, highly appreciated stocks, land or buildings. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by the donor.

Charitable Lead Trust
With this trust, a percentage of the value of the trust is distributed each year to the selected charities for a chosen number of years. Then, at the end of the term, the principal in the trust is distributed to family.

Retained Life Estate
It is possible to make a gift of your home, farm or vacation home while you and your spouse continue to use the property for your lifetimes. You receive a charitable deduction on your income tax based on the present value of the property, and you or your family avoid capital gains tax on the appreciated value.

Gifts of Life Insurance
A gift of life insurance can provide a significant charitable deduction. You could purchase a new policy or donate a policy that you currently own but no longer need. Asbury Foundation would become both the owner and beneficiary of the policy.

If you have already made a planned gift, and are not are not a Heritage Society Member, please contact us so that we may express our appreciation.

A Tradition of Vision
Please consider joining the Asbury Foundation Heritage Society to demonstrate your deep, abiding commitment to your friends and neighbors who reside in an Asbury community. Your participation will convey confidence in Asbury’s heritage of excellence and add a new dimension to your individual and family legacy.

Asbury Foundation staff members are always available to answer any question or provide additional information. Please click on Planned Giving or contact us for more information.