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An Easy, Beneficial Way to Create a Legacy of Giving

Are you interested in establishing a lasting legacy to reflect your years of legal and public service?

Do you want an easy way to manage your charitable giving, without cumbersome paperwork?

The ABE Charitable Gift Fund (CGF) meets these goals, offering simplicity, convenience, tax advantages and an easy way to build a legacy of giving.

Simplicity

The ABE CGF offers two types of Charitable Gift Accounts: Donor Advised and Specific Donee Accounts. You can establish an ABE Charitable Gift Account by mail or by phone, in less than half an hour, with an initial gift of at least $5,000 in cash, bonds, mutual fund shares, or publicly traded securities.

Convenience

With a Donor Advised Account, you recommend charitable organizations to support at your convenience, and the ABE handles the paperwork. Donors receive quarterly statements, have the convenience of checking their accounts online and recommending grants from ABE's Web site, as well as changing certain options on these accounts.

Tax Advantages

The ABE CGF offers unsurpassed tax advantages for attorneys, including no capital gains tax on donations of appreciated securities and tax-free fund growth.

Building a Legacy of Giving

The ABE CGF allows you to create a lasting philanthropic legacy without the burden of establishing a private foundation. From tax advantages to naming successors, the fund's many benefits can last throughout your lifetime and beyond.

  • Enjoy immediate tax advantages and extended charitable giving: You will be eligible for the immediate tax benefits of a large contribution while establishing the basis for a long-term giving strategy. You recommend grants when you are ready, not when the tax calendar dictates. You can plan your giving over many years and modify your strategy in accordance with the account's investment performance.
  • Invest to meet your charitable goals: The ABE Charitable Gift account that you create may accrue investment returns, so additional money may be available for your favorite charities. Investment management of your donation is handled by Northern Trust Corporation, one of the leading investment houses in the world.
  • Involve your family: The ABE's CGF allows family members in different cities to benefit local charities from the same account. And you can give relatives independence in recommending grants by formally making them advisors.
  • Name successors: You determine how the account you create will be advised beyond your lifetime by naming successors. If no successors survive you, you may recommend one or two charitable organizations to receive the balance of the account.

Learn more about how the ABE Charitable Gift Fund works by exploring the information provided here or contacting your ABE Personal Representative at 800-621-8981, ext. 6408 to discuss your specific needs and charitable giving goals.

W13/14

"Philanthropy is very important to me and my family. The ABE offers a great vehicle for managing charitable giving called the Charitable Gift Fund (CGF). The CGF allows ABA Members to make a donation for which they receive an immediate tax deduction. When convenient, donors can then recommend donations to other charitable organizations of his or her choosing. ABE handles all the paperwork, so philanthropy becomes what it should be - easy!"

I. S. Leevy Johnson
ABA Member/ABE Director
ABE member since 1968

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