Families Plan for Future Generations to Enjoy Lakeside

Staff Blogger: Gretchen Colon, Vice President of Advancement & Communications


In 1873, the Founders of Lake­side began planning for the future of this beloved Chautauqua community. Their dedication, work and financial commitments created an enduring legacy that is enjoyed today.

These forward-thinking individuals inspired others to plan for future generations to enjoy the Lakeside Chautauqua expe­rience.

In the 1980s, the Founders Society was established to recognize friends and families who have made a de­ferred gift to benefit Lakeside Chau­tauqua and help grow the Lakeside Endowment.

The foresight and planning of those who arrange a deferred gift to­day is just as important to the future of Lakeside Chautauqua as the vision of those leaders who gathered in 1873.

Today, more than 70 families have planned a special endowment gift. These families have opted to pledge an endowment gift, purchase an annu­ity or name Lakeside as a beneficiary in their estate, IRA or life insurance policy.

We graciously thank them for their planning and investment in Lake­side’s future.

The Lakeside Endowment cur­rently totals $3.5 million. The growth of the endowment is due to new gifts from deferred and outright cash gifts received since its inception.

It is im­portant to protect Lakeside Chautau­qua and to grow the Lakeside Endow­ment for future generations.

Below are some options and ways you can plan a gift:

Charitable Remainder Trusts: A gift arrangement that provides income to one or more designated beneficia­ries for a lifetime or fixed number of years.

A donor receives an immediate charitable deduction, as determined by the IRS, for establishing the trust. Upon the death of the last income ben­eficiary or the end of the trust term, the assets in the trust benefit Lakeside as specified in the trust document

Annuity: An irrevocable contract between the donor and organization. In exchange for gift of cash or mar­ketable securities, the organization promises to pay a fixed amount each year to one or more beneficiaries for the rest of their lives.

Upon the death of the last income beneficiary, the balance of the gift an­nuity benefits Lakeside as specified in the contract.

Bequests: Provisions in wills or living trusts that direct a portion of a donor’s estate to a named person or charity, such as Lakeside. A donor may bequeath a specific asset, dollar amount or percentage of his or her estate.

Life Insurance: A donor may give a new or existing policy and name Lakeside as the primary beneficiary.

We invite you to join the Found­ers Society and these 70 families and plan a deferred gift for Lakeside’s fu­ture.

For more information on how to include Lakeside in your will or estate plans, contact the Lakeside Chautauqua Fountain at (419) 798-5396 or advancement@ lakesideohio.com.

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