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I I

LEAVE A LEGACY 3

FROM THE DIRECTOR TABLE OFCONTENTS

My name is Tami Tarpley, and I am proud to serve as national director for the LEAVEA LEGACY® public awareness campaign conducted by the National Committee onPlanned Giving, an organization that serves charitable fundraisers and estate-planningprofessionals across the United States.

I hope that in this special supplement, you will learn more about how easy it is to leavea bequest to charity, as well as other types of planned-giving options that are available toyou.

I also believe you will be inspired by the donor stories shared on these pages, whichprove that you can make a difference in the lives that follow through a bequest -- large orsmall -- to the charity of your choice.

Americans are a generous people, so why is a program like LEAVE A LEGACY nec-essary? While it is true that more than 80 percent of Americans contribute to charitableorganizations throughout their lifetimes, research conducted in 2000 indicates that only8 percent of people chose to continue this support through a charitable bequest.

Just consider the overwhelming support Americans provided to victims of the Sept.11, 2001, terrorist attacks or, more recently, those devastated by the Indian Ocean tsunami.

If we could harness that spirit of giving and motivate just 20 percent of Americans toleave a charitable bequest, the current number of charitable bequests would more thandouble. Imagine the impact we could have if each of us remembered a favorite charity inour will or estate plan.

Since its creation in 1994, LEAVE A LEGACY has grown from a successful, month-long media campaign designed to promote the value of bequest giving in the Columbus,Ohio, area into a unified, national movement that operates daily in more than 165 com-munities in the United States -- with an additional 24 programs in Canada.

Through local LEAVE A LEGACY programs, dedicated volunteers are actively pro-moting the importance of bequest giving in partnership with charities and businesses ofall sizes through the use of a nationally produced media campaign kit, special events andmuch more.

The public response has been overwhelming, and we look forward to continuedgrowth in the coming years.

In partnership with our friends at IBJ Corp., I believe we have created a publicationthat is both informative and inspirational. To learn more about LEAVE A LEGACY,please visit our newly expanded national Web site at www.leavealegacy.org or call theNational Committee on Planned Giving at (317) 269-6274.

I thank you for your interest in making a difference in the lives that follow!Sincerely,

Tami TarpleyNational LEAVE A LEGACY® Director

Writing a Will....................................4

Giving Love.......................................5

IRA: A Nest Egg For Retirememnt And Beyond....................................13

Star Award.....................................13

Sharing Love For Art ........................8

How Much Do You Leave Your Heirs?.. ......................................9

Joy’s House .......................................10

IRA Rollover Legislation..................11

Bequest Helps Symphony...............12

Indiana Bequest.............................13

WRITING A WILLHow to broach the subject, getstarted

■ BY NIKKI NICHOLSFor many, writing a will is an

uncomfortable, even depressing, sub-ject. It forces us to confront the unsa-vory subject of death.

Because facing our own mortalitycan be intimidating, many people diewithout wills. In fact, an AssociatedPress news story published late in 2004reported that 42 percent of Americansdo not have a last will and testament inplace at the time of their deaths.

If you are having a hard time build-ing yourself up psychologically to writea will, be comforted you are not alone.But also heed this warning: If you don’thave a will, you’re giving up control ofa vitally important piece of your legacy:your last wishes.

Wills: A public image problemIt’s a plain and simple truth: Settling

an estate can be a sticky situation.Many estates are settled not only withthe distribution of assets but with a fairamount of family squabbling and gen-erally prickly behavior. This uncom-fortable ritual usually occurs at theheight of grief, and any perceivedimbalances could lead to years of fami-ly discord and emotional trauma.

To save your family needlessheartache and uncertainty, make sureyou consult with a professional, and besure to understand that being specificabout your intentions is of criticalimportance when writing the will.

Remember charity in your willAt the core of the LEAVE A LEGA-

CY® campaign is the message that weshould all do our part to make a differ-ence in the lives that follow. The idea isto choose charities of your choice atwhatever amount works best withinyour resources and make a charitablebequest to that organization.

What is a bequest?A charitable bequest is simply a dis-

tribution from your estate to a charita-ble organization through your last willand testament. There are different kindsof bequests. For each, you must usevery specific language to indicate theprecise direction of your assets and tosuccessfully carry out your final wishes.

In any charitable bequest, be sure toname the recipient accurately. Abequest to “The Cancer Society” mightgo to national headquarters, when youmeant it to go to the affiliate in yourcommunity.

Whether it’s a hospital that showedyou particularly compassionate care, ananimal shelter you valued, an artsorganization that brought you enjoy-ment, or an educational institution thathelped you with scholarships, that char-ity depends on donors.

Listed here are some common typesof bequests and some sample bequestlanguage to help familiarize you withthe process of writing a will. Theseguidelines are not meant to be a substitute for the professional adviceyou receive from a trained estate attor-ney or financial planner.

Specific bequestsSpecific bequests are made when a

particular item or property isbequeathed for a designated purpose.(i.e., instruments bequeathed to thelocal school district for use in musiceducation; dollar funds to be used in theoperation of a school or church.)

Specific bequest language: “I give,devise, and bequeath to NAME OFCHARITY/LOCATION, the sum of$_______ (or a description of a specif-ic asset), for the benefit of NAME OFCHARITY to be used for the followingpurpose: (state the purpose). If at anytime in the judgment of the trustees ofNAME OF CHARITY it is impossibleor impracticable to carry out exactly the designated purpose,they shall determine an alternative pur-pose closest to the designated purpose.”

General bequestsGeneral bequests are legacies left to

certain people or causes that come fromthe general value of the estate and aremade by designating a specific dollaramount, a particular asset or a fixedpercentage of your estate to the cause ofyour choice.

See WILL page 14

4 LEAVE A LEGACY

GIVING WITH LOVESmall town janitor surprisesschool with $80,000 dollar gift

■ BY NIKKI NICHOLSJack Eggers was a living snapshot of

simpler times gone by. He wasn’t intofrills, never subscribed to cable, didn’tdrive his car much, preferred to growhis own food, and steered clear of thebig city never straying far from tinyAmo, Ind., where he was born andraised.

Eggers, a school janitor, preferred tolive a poor man’s existence. A year afterhis death, however, he showed that hispoor man’s life was really a façade.Eggers was saving every penny sosomeday after he was gone, he could dosome good.

He accomplished his wishes byleaving sizeable bequests to the school,church, and community he loved.

Todd Crosby is the principal of MillCreek West Elementary School inHendricks County, the school whereEggers had worked since 1988. Crosbysaid Eggers lived a solitary existence athis modest, two-bedroom house, butwhen he showed up for work, he show-ered the students and staff with care andcompassion.

“The kids absolutely loved him,”Crosby fondly recalled. “Jack wouldgive high fives to them, even though hewas 6’3 and he’d have to crouch downto their level.”

Crosby said when any kind of prob-lem appeared, the kids would scour thehalls looking for Eggers. They respectedand cared for him the same way hecared for them.

Eggers was famous for remember-ing birthdays and writing short poemsfor students and staff. He didn’t have afamily of his own, so he viewed the stu-dents, in a sense, as his very own.

“That’s what’s so different betweenbusinesses and schools,” Crosby said.“It’s more of a family atmosphere. Jackwas like a big daddy. He kept track ofand cared for everybody.”

There came a time when the favor ofkindness would have to be returned. In2003, Eggers was diagnosed with anaggressive brain tumor. Along withneighbors, school staff members andfriends, Crosby -- who lost a familymember to a similar condition -- helpedtake Eggers to his doctor’s appoint-ments in Indianapolis.

Crosby said Eggers didn’t like trav-eling to the city and disliked not beingable to rely solely on himself.

“He knew he had to trust the doctorsin what they had to do, but he didn’tlike the fact that other people had totake care of him,” Crosby said. “He wasused to taking care of himself, and he didn’t want a lot of attention on himself.”

Eggers had surgery, but it onlybriefly slowed the tumor’s progress. Hetook a leave of absence from his janito-rial duties but later decided to retire.Even while enduring all the pain, hemanaged to stop by the school to visitthe kids from time to time. The studentsand staff all received frequent updateson his progress.

In winter of 2004, Eggers died atage 69.

A year later, Eggers’ goodness wasrevealed to everyone in a most unex-pected way. The man who never boughtfancy clothes or nice things hadamassed a large amount in savings.When his estate was settled in early2005, Mill Creek West ElementarySchool received $80,000 from Eggers’last will and testament.

“When we were told the amount itwas shocking,” Crosby said. “We justfound out this past winter, two weeksbefore the checks arrived. The schoolboard approved the acceptance of thedonations.”

Eggers also left an undisclosedamount to Amo Baptist Church and another $120,000 to the HendricksCounty Community Foundation.

At Mill Creek West, his money willbe split between a new playground and

a general fund. Because it’s used by theentire community, the playground will beconverted into a family friendly park withwalking trails and all the latest and bestplayground equipment. The grounds willbe named “Jack Eggers MemorialPlayground.”

The school library will get an update,and its crown jewel will be “Jack’sCorner,” a place full of poetry books andnice artwork to celebrate his love of writ-ing and drawing.

News of Eggers’ bequests made localheadlines, and Crosby knows he wouldn’tlike any kind of public recognition. Eggers’ only wish would bethat the children of Mill Creek West would remain happy, healthy andsafe.

“Jack was so dedicated to everyonehere. He cared about everyone whowalked in the door,” Crosby said.

And in a school where reading, writingand arithmetic are the main focus, Eggerstaught lessons of kindness that will last alifetime.

“We don’t think about people whenwe’re with them,” Crosby said. “It alwayshits you when they’re gone. But even inhis passing his legacy will live on.” ●

“Eggers, a school janitor,preferred to live a poorman’s existence. A yearafter his death, however,he showed that his poorman’s life was really afaçade. Eggers wassaving every penny sosomeday after he wasgone, he could do some good.”

Todd Crosby,Principal, Mill Creek West Elementary

School

LEAVE A LEGACY 5

Lester never finished school, but he learned a lot mopping classroom floors. “You kids can be anything you want,” he’d say. Lester wasn’trich, but because he included a gift to supportthe school’s tutoring program in his will,

things will add up for a few more students.Include your favorite cause in your will orestate plan. Contact a charitable organization,attorney, financial advisor or local LEAVE A LEGACY® program to learn how.

School janitor Lester Holmes died in 1992.

After school today, he’ll help an 8-year-old understand math.

Make a Difference in the Lives that Follow

www leavealegacy org

Make a Difference in the Lives that Follow

www.leavealegacy.org

LEAV E A LEGACY�

LEAVE A LEGACY 7

IRA : A NEST EGG FOR RETIREMENT AND BEYOND■ BY ED SNYDER, ChFC

It is not uncommon for people to haveplans to leave some of their assets to char-itable organizations upon their death.Donating the proceeds of an individualretirement account or other qualifiedretirement plan -- 401(k), 403(b), SEP, etc.-- is an option you should explore if youare considering a planned gift to a charity.

As you know, contributions to an IRAor 401(k) plan grow on a tax-deferredbasis. Thus, retirement plan assetsincrease in value without paying tax onthe appreciation.

By donating the proceeds from theplan to a qualified charity, you can avoidthe likelihood of double taxation fromestate and income taxes on distributionsafter death. This double taxation wouldmost likely occur if these assets were leftto other heirs, such as friends and family,because they do not have the preferred taxstatus afforded to qualified charities.

What makes a gift of retirement planassets such a valuable estate planning

strategy? Normally, distributions to heirsupon death are exempt from income tax.However, certain assets, including distributions to the beneficiary from aninherited IRA or other retirement plan, areusually fully taxable.

So, when a retirement plan is given as aninheritance to a family member (other thana surviving spouse), both estate and incometax liability may arise on the transfer.

Depending on the size of the estate,federal estate and income taxes on retire-ment plan assets can result in an effectivetax rate of almost 60 percent. As a result,many people rightfully decide that itwould be better to give their retirementassets to a charity rather than to taxingauthorities.

As a practical matter, there can be sig-nificant tax advantages of transferringretirement assets, which are subject toIRD, to a tax-exempt charity and transfer-ring non-taxable assets to your other heirs.

With federal estate and income taxestotaling nearly 60 percent, this leaves the

heirs with just over 40 percent of the valueof the retirement assets. It might be wiserto apply these assets to your specific char-itable bequests.

The simplest way to leave retirementassets to your desired charity is to namethe charity as the beneficiary on theaccount’s beneficiary designation forms. It is important to specify this wish on thebeneficiary designation forms, which canbe obtained from the custodian or planadministrator, rather than making a provi-sion in your will.

If you want to leave only a portion ofan account to charity and also keep yourheirs on the account as beneficiaries, youneed to be sure that whomever would han-dle your estate after you are gone clearlyunderstands the IRS rules for inheritedretirement plans and designated beneficiar-ies as there are several pitfalls to avoid. ●

■ Ed Snyder, ChFC is a financial advisor atOaktree Financial Advisors in Carmel.

The Indiana Society of AssociationExecutives has honored LEAVE ALEGACY® with the “Best Philanthropicand Community Initiative Award.”

Tami Tarpley, director of LEAVE ALEGACY, accepted the honor in late 2004at ISAE’s annual Society’s TopAssociation Recognition awards. The galadinner recognizes the best examples inseveral categories of association manage-ment, products, services, and events.

National Committee on PlannedGiving’s LEAVE A LEGACY campaignis a decade-old initiative that raises publicawareness about leaving bequest gifts tocharity in wills and estate plans. NCPGmember councils sponsor local programsthat operate in more than 150 U.S. cities.

LEAVE A LEGACY®

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8 LEAVE A LEGACY

Devoted volunteer bequeathshighly valuable paintings to IMA

■ BY NIKKI NICHOLSSusan Mallinson had a volunteer’s

heart. And even though she has died, thatheart continues to beat at the IndianapolisMuseum of Art through paintings shebequeathed to the IMA in her will.

Mallinson, aformer teacher atSpeedway HighSchool, left theclassroom tobegin her family.With her husband,Harry, a formerpresident of EliLilly and Co., she had three children. Herinterest in art and volunteerism brought herto the IMA, where she became a docent.

Ellen Lee, Wood-Pulliam senior cura-tor at the museum, knew Mallinson asdedicated, detail-oriented and ready totackle any job, no matter the size.

“When I say volunteer, I mean she wasthe ultimate volunteer. She was complete-ly devoted to the museum,” said Lee.

“Susan would be up at two in the morn-ing working on projects for us. She had agenuine love of art and the mission of theIMA,” Lee said.

Mallinson’s volunteer work at themuseum extended into three decades, andshe was also a trustee of the museum.

In the 1970s, Mallinson began to col-lect art to decorate her own home. Her

SHARING LOVE FOR ARTson, Richard Mallinson, said sheapproached her art purchases with a greatdeal of care and advice.

“She had some ideas in mind for anAmerican painting, so some of the muse-um staff helped guide her in finding oneshe wanted. It turned out that it was a rea-sonably valuable piece.”

Richard Mallinson is speaking of a1912 painting by American artist WilliamMcGregor Paxton. The painting is called“Girl Sweeping” and is characteristic ofPaxton, who was famous for paintingwomen in elegant settings.

Harriet Warkel, associate curator ofAmerican painting and sculpture at theIMA, said Paxton’s paintings are soughtafter for a number of reasons.

“Paxton is considered a superb drafts-man and colorist,” Warkel said. “Thispiece also shows the various ways hepainted textures, and it is an importantexample of his style and technique.”

Mallinson also left to the IMA a paint-ing by another famous American artist,Edward August Bell. “The Statuette,” awork from 1912, shows Mallinson’s owntaste for beautiful surroundings.

“It shows an elegant woman holding asculpture,” Lee said. “These are thingsSusan liked living with in her home.Through these two paintings, Susan hasenabled the museum to enrich itsAmerican holdings.”

After she moved to Vero Beach, Fla.,Mallinson gave the IMA a donation andasked the curator to acquire a painting.

The museum purchased a piece called“Monsieur Pool” by French Neo-Impressionist artist Albert Dubois-Pillet.The work features a handsome uniformedsoldier.

Lee said, “The museum has thenation’s best collection of Neo-Impressionist paintings, but this was oneof the few painters we were missing.”

Mallinson’s gifts have, in a sense, filledsome previously empty canvas at theIndianapolis Museum of Art. With that inmind, Lee said it’s beneficial when some-one considering a bequest to a museumcontacts the curators in advance.

“We all love surprises, but in the caseof a donor considering bequeathing apiece of art, it’s wonderful to let the muse-um know in advance so we canmake sure it’s an appropriate fit with themuseum’s collection,” she said.

Mallinson did not live to see the muse-um’s $74 million expansion project com-plete. She died in August 2004 of compli-cations from a stroke at age 84. ButMallinson’s spirit is felt everywhere -- onthe lush grounds, in the busy halls, butmostly on the walls of the IMA, where herthree gifts hang today.

Lee, who gave the eulogy atMallinson’s funeral, said, “It is enormous-ly satisfying to me to see the galleries withthe art she loved hanging on the wall,symbolizing her generosity.

“The positive way to look at it is that Iknow she wanted a piece of her heart atthe museum, and it’s here.” ●

Mallinson

“Monsieur Pool” by Albert Dubois-Pillet “Girl Sweeping” by William McGregor Paxton “The Statuette” by Edward August Bell

A look at the complex subject ofhow to divide your estate

■ BY MARK HELMUSRegardless of the size of one’s

estate, many ask themselves how muchshould I leave my heirs? Because ofsignificant increases in personal wealththrough salaries, investments and retire-ment plans, this question is on theminds of many who are making theirestate plans.

Let’s review some of the issues thatshould be considered, along with someof the questions that need to be askedand answered.

Forget about the amount – should Ileave anything to my heirs?

Unfortunately, but not surprisingly,there are no “correct” answers to ques-tions like this. As is often the case,familial circumstances and individualdifferences must be considered.

So how does one go about determin-ing if bequests should be made toheirs?

One general approach is to trulylook at the bequest like a gift -- not anexpectation or a right, but a gift that youwish to give to those you love and whoare important to you.

This may seems overly simple; how-ever, your estate is exactly that – yours.You’ve worked, invested and saved toaccumulate assets.

Giving any or all of it away is a deci-sion that should be made based uponyour personal feelings about those whostand to receive your gifts.

OK – then how much should I give tothose I feel strongly about?

Sorry, but an answer similar to thequestion above applies here … itdepends.

I encourage you to consider askingyourself the following questions.

• What are the needs of my heirs? • For those who have dissimilar

needs, is the difference because of circumstance, effort or a

combination of both?• Should I help those who are strug-

gling financially or with health or other issues more than the others?

• How responsible have my heirs beenwith their own finances?

• Do I think they can effectively handleor manage the gift that I am considering?

• Should I give anything to my adult children who have been on their ownfor a while?

• Should I give anything to my grand-children, or is that the responsibility of my children?

• Will what I give my heirs ultimately be more harmful to them than if I gave them less or nothing at all?

This list represents only the tip of theiceberg. The answers you provide willlead to other unique questions andissues about you, your family and thoseimportant to you.

The results of your discussion anddeliberations can, however, help youdetermine not only if and how much togive, but also how and when.

What options do I have in terms ofgifts for my heirs?

While the simple bequest by will ortrust is most common, there are somany options available that they couldliterally fill this entire publication. Thatsaid, following are some methods formaking gifts from your estate:

Lifetime -- While we have been focus-ing on gifts at death, we shouldn’t for-get about opportunities during life. Youmay give up to $11,000 per year or upto a total of $1 million during your life-time to as many individuals as youchoose with no gift tax implications.Also, gifts to charitable organizationssupport essential programs and servicesand can also provide valuable incomeand capital gain benefits. Dependingupon the size of your estate, individualand charitable gifts during life can alsohelp minimize or eliminate estate taxes.

Bequest -- Gifts through a will or trust

(bequests) can be structured in severalways. Most common are the specificand percentage bequests. A specificbequest is often used when the donorwants to give a certain item or asset toan individual or organization. The per-centage bequest divides one’s estatebetween multiple heirs or beneficiaryorganizations. This is best utilizedwhen the value of the estate isunknown, which is frequently the case.

A contingent bequest can be eitherspecific or a percentage but is contin-gent upon another condition before itcan be made. For example, a bequestmight be contingent upon the death ofboth spouses, the heir reaching a certainage or graduating from college.

Beyond basic outright gifts duringlife and bequests upon your death,which by far constitute the majority ofgifts made by individuals, there are anumber of other assets and gift “vehi-cles” that you may wish to discuss withyour estate or tax planning attorney,accountant or financial planner.

Retirement plans -- Be wary here.While these assets make great gifts forcharitable organizations, they do notnecessarily make the best gifts for heirs.In a nutshell, gifts of retirement incometo individuals other than the retiree

HOW MUCH DO YOU LEAVE YOUR HEIRS?

See HEIRS page 14

LEAVE A LEGACY 9

10 LEAVE A LEGACY

Looking to the future with morevisible bequest program

■ BY NIKKI NICHOLSA bright-eyed elderly man exits the

passenger side of his daughter’s car andasks, “What is this place?”

This place isJoy’s House, arenovated 19thcentury farm-house that hasfound a new life hostingIndianapolis-areaadults who needsupervised care during the day.

Danette Siertle drops off her dad,Howard, at Joy’s House every Fridaymorning. It’s a routine that began almosta year ago, but Howard doesn’t everremember his previous visits becauseAlzheimer’s disease has ravaged his 78-year-old mind.

“He doesn’t know he’s lived inIndianapolis for two years. He thinkshe’s just here on vacation,” said Siertle.

Joy’s House opened its doors toguests like Howard in November 2000after an ambitious fund-raising cam-paign. Now that Joy’s House has hit itsstride, its founder, Tina McIntosh, is set-ting an eye to the future -- a future thatincludes a more visible campaign forbequests, and in turn, a more securefuture for Joy’s House and the families itserves.

Joy’s House, contrary to its name,was conceived after a number of person-al tragedies in the life of McIntosh.

In October 1998, one of her bestfriends died. A month later, her fatherwas beaten with baseball bats by a groupof five men in Fort Wayne. The alterca-tion occurred when her father, an alco-holic for as long as she can remember,was intoxicated and walking home froma local bar. McIntosh was told her fatherwould likely not live through the night.Funeral planning began.

Her father’s condition, much to the

astonishment of doctors, began toimprove. McIntosh drove to Fort Wayneto take care of her father, with whom shehad a strained relationship. Her two con-siderably younger siblings also helped.The long drive between Indianapolis andFort Wayne could be arduous … but wasalso meditative.

McIntosh had volunteered duringcollege at a facility that provided dayservices to adults who could not bealone. Before long, the idea of starting asimilar facility in Indianapolis began toblossom in her mind.

“This whole concept of adult dayservices kept coming back to me,”recalled McIntosh. “I found myselfpraying a lot and during these drives, Istarted listening and questioning whatthe priorities were in my life.”

McIntosh’s mother took her on aBahamian cruise. Surrounded by theopenness and serenity of the oceanMcIntosh is so drawn to, she finally sur-rendered to the idea of opening her ownadult day services center.

She came home, quit her job as a suc-cessful event planner, set meetings withothers in the industry, and began thejourney that has brought so much joy toothers’ lives.

“My family and friends have alwaysbeen very gracious,” she said. “Secretly Ithink most of them thought I had lost mymind. Joy’s House would not be herewithout their hard work and support, andit’s been amazing to me to see them gofrom simply supporting me out of love tobecoming very passionate about thefamilies we serve.”

McIntosh’s enthusiasm was conta-gious, so much so that soon her friendsbecame believers in the project. Theyhelped network in the community andcontinue to inspire others to donatefunds to the cause.

The initial capital campaign broughtin $115,000, with which Joy’s Housebought the old farmhouse at 62nd Streetjust west of Keystone Avenue. Withdonations from Lowe’s Hardware and

other local businesses, the house wasbrought to tip-top shape, in time to wel-come the home’s first guests.

The guests are given supervised carethroughout the day, with a small staffand volunteers. Each adult is given therespectful greeting of “Mister” or“Miss” before his or her first name.Guests have access to all the trappings ofhome -- comfortable furnishings, a tele-vision, and even a piano.

Staff and volunteers lead stimulatingactivities, such as working in the sprawl-ing backyard garden. The garden is Mr.Howard’s favorite part according to hisdaughter.

“He can out-garden me any day,” saidSiertle, who said her father is stillextremely physically fit. “When I sawthe garden area, I knew he would be aperfect fit to help with this. Dad’simpression is that he’s there as a volun-teer. He feels like he has a purpose.”

Joy’s House has the capacity to host25 guests per day, and their families havestarted to rely on the great comfort Joy’shouse has brought them.

“I have two young children, and mychildren need me, too,” Siertle said. “Iwas using so much energy on my fatherthat I didn’t have any energy left for therest of my family. What Joy’s Housedoes and knowing Dad’s there, I can shutdown. I don’t have to worry about whatwould happen if he wandered away fromhome because he’s safe.”

To ensure that this peace of mind cancontinue for local families well into thefuture, McIntosh and her supporters arecrafting new ways to ensure sustainabil-ity of Joy’s House in an already crowdedcharitable marketplace.

“I definitely think that exploringbequests is a great start,” McIntosh said.“In the end, we are a business and wehave to ask for the support to continue toserve adults and their families.”

To meet these needs, McIntosh saysJoy’s House is trying to rely more oninternal fundraising rather than asking

JOY’S HOUSE OFFERS SAFE, LOVING SANCTUARY

See JOY’S HOUSE page 13

McIntosh

LEAVE A LEGACY 11

IRA ROLLOVER LEGISLATION INTRODUCEDNational Committee on PlannedGiving urges Congress to act

Reps. Wally Herger, R-Calif., andEarl Pomeroy, D-N.D., introduced thePublic Good IRA Rollover Act(H.R.1607) in the U.S. House ofRepresentatives April 12. This bipartisanlegislation would allow individuals age701/2 or older to contribute amounts cur-rently held in IRA accounts directly toqualified charities and individuals age591/2 to make charitable gifts throughsplit interest arrangements, without hav-ing to first recognize the income for taxpurposes, and then take a charitablededuction.

According to data compiled by theInvestment Company Institute, nearlyone-half of American households haveIRA accounts, and there are about $2.5trillion in those accounts and a similaramount in other qualified plan accountsthat could be transferred to IRA accounts.

In his floor statement, Herger notedthat Congress has exempted withdrawalsfrom IRA accounts under certain circum-stances, such as to finance the purchaseof a home or a college education. Hecalled on Congress to encourage olderAmericans to support charities by allow-ing withdrawals from their IRA assetswithout suffering adverse tax conse-quences.

The National Committee on PlannedGiving, which represents more than10,000 charitable fundraisers and donoradvisors, has long advocated for passageof the charitable IRA rollover legislation.Last session, the provision passed bothhouses of Congress as part of the CAREAct but was not enacted because of parti-san disagreements over the process tonegotiate and resolve differences in thetwo bills.

Tanya Howe Johnson, president ofNCPG, said, “Generous individuals allover the country want to give excess

Create a Legacy of Learning

Designate a planned or estate gift and help the museum provide extraordinary learning experiences to children

and families for generations to come.

For more information, please contact Kelly Lamm at (317) 334-3206 or online at kellyl@ChildrensMuseum.org

3000 North Meridian St. • Indianapolis • ChildrensMuseum.org

Lutheran Child &Family Services

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money in their IRAs to charity, but theyare stymied by the complexity of theprocess and the prospect that their IRAcontribution will not receive the same taxtreatment as other charitable gifts. Asphilanthropists, they want to supportcharity, but as people who have workedhard for their money and are planningcarefully for retirement, they want to besensible about their giving, and they wanttheir legislators to support them in thateffort.”

In his floor statement introducing thebill, Herger acknowledged the NCPGand other IRA charitable rollover coali-tion organizations. NCPG was instru-mental in providing research and infor-mation to Herger throughout the processof drafting and introducing this legisla-tion.

President George Bush has endorsedthe charitable IRA rollover and includedit in his budget for fiscal years 2005 and2006. ●

12 LEAVE A LEGACY

■ BY NIKKI NICHOLSThe Indianapolis Symphony

Orchestra is playing on a very high notethese days. Of the 18 other full-time,professional orchestras in the UnitedStates, the ISO is one of the onlyorchestras with a balanced budget.

How? With great effect, it takes 87gifted musicians, thousands of loyalconcertgoers, and successful drives tobring ticket holders into a more intimaterapport with the orchestra through vari-ous charitable giving vehicles.

Fred and Jane Schlegel are two long-time patrons of the IndianapolisSymphony Orchestra who have beenattending symphony concerts for 35years. They are captivated by theorchestra’s energy brought forth by themany world-renowned conductors thathave led the group.

The most recent installment to theconductor’s podium is Mario Venzago,who in the Schlegels’ estimation, hasbrought a new verve to the concert-going experience.

Fred, a partner at the law firm ofBaker and Daniels, said, “Mario bringsboth quality and excitement. His posi-tive contribution is beyond question.”

The Schlegels are more than audi-ence members, however. Through theyears, they’ve volunteered and heldleadership positions with the symphony.In addition to their volunteer work, theyhave made and pledged many charitablegifts to the orchestra.

Among them, Fred has given a lifeinsurance policy to the orchestra, and heand his wife together will leave bequeststo the symphony in their wills. TheSchlegels have also set up a charitableremainder trust. This type of trust allowsthat whatever is left of a trust set up intheir wills after bequests are made willbe divided and given to several localcharities, including the ISO, theIndianapolis Opera, the IndianaRepertory Theater, and the FestivalMusic Society.

Bob Swaney knows the Schlegels

well. He works in the developmentoffice of the ISO, helping to facilitatethose charitable gifts the symphonyneeds to keep going. He said theIndianapolis Symphony sets itself apartfrom other orchestras insofar as onethird of the operating budget comesfrom charitable gifts.

“We are in the smallest marketamong the 18 professional orchestras inthe U.S., and it takes a lot of creativityyear after year to balance those budg-ets,” Swaney said. “Philanthropy ishuge. Most of those other full-timeorchestras don’t rely on charitable giftsnearly much as we do.”

Perhaps one reason the orchestra hasmaintained such success with sustainingthe endowment is the variety of waysthe public can make gifts.

“We own the hall and the building,so there are naming opportunities forstructural items like rooms and otherthings along those lines,” Swaney said.“Even the box office lobby has a name.”

Swaney said an extremely intriguingoption to many donors involves having amore personal connection to the orches-tra. This can be accomplished byendowing one of the orchestra chairs. Infact, 18 of the orchestra’s 87 chairs areendowed.

The Schlegels’ planned gifts willendow the chair now occupied by prin-cipal violist Michael Strauss.

“He’s a very enjoyable performer,”said Fred. “His musical skills are fantas-tic. His ever-present enthusiasm isengaging. He also has a great sense ofhumor.”

Swaney said that some people havean existing relationship with the musi-cian, but it’s not unusual for donors toendow chairs occupied with musicianswith whom they’ve had no prior contact.

“If the donor doesn’t know the musi-cian, perhaps that person played theFrench horn, so he/she would want to beassociated with the French horn player.”

“Music is a wonderful, comfortableremembrance,” added Swaney.“Coming to hear the orchestra helps thatsurface again. When a naming opportu-nity comes along, donors can reconnectto something from 40 or 50 years ago.”

Some symphony donors prefer totake a more behind the scenes approachto giving, choosing not to have theirnames added to programs or publiclydisplayed plaques. The ISO staffrespects these donors’ wishes to remainprivate but always understands why oth-ers like to be recognized.

“People like to connect themselvespublicly to the institution, and it maypotentially encourage others to give,”Swaney said. “People want to be associ-ated with a winner. People see it asstrong motivator.”

The ISO has found that focusing ona small number of planned giving vehi-cles works best.

“Most people are comfortable withputting a bequest in their wills. The bigtask at hand is getting people to write awill,” Swaney said.

Fred has advice for anyone who hasgiven even the slightest thought to leav-ing a charitable gift or bequest to theIndianapolis Symphony Orchestra.

“Just do it! Do it if you likeIndianapolis or the ISO or both,” hesaid. “I view this as much a gift to thecity as a gift to the ISO. Indianapoliswithout the ISO just wouldn’t be thesame.” ●

BEQUESTS HELP SYMPHONY PLAY ON

Strauss

LEAVE A LEGACY 13

Bequests keeping pace withnation, but there’s room to grow

■ BY NIKKI NICHOLSCharitable organizations need finan-

cial assistance from people like you tocontinue their work. More than 80 per-cent of Americans contribute to the not-for-profit groups of their choicethroughout their lifetimes, but onlyabout 8 percent leave a gift to charity intheir will.

In Indiana, research shows thatHoosiers are keeping pace with thenation in both how many residents havea will and the number of wills that con-tain charitable bequests.

According to the Associated Press,42 percent of all Americans claimed tohave a will in 2004. In a 2004 survey ofIndiana residents taken by the Centeron Philanthropy at Indiana University,46 percent of Hoosiers indicated theyhave a will. Nearly 13 percent ofIndiana residents in the survey indicatedthey currently have a charity named intheir will, and another 23.4 percentwould consider naming one in their willin the future.

While the news is encouraging, theIndiana numbers still contain plenty of

INDIANA BEQUESTSroom for growth in both the need towrite wills and the number of wills thatcontain charitable bequests.

A further breakdown of the numbersshows a disparity in the giving trends ofHoosiers compared to the national aver-age, further underscoring the need foradditional bequest awareness in Indianaand elsewhere.

The following statistics, released in2000, compare the estate gifts ofHoosiers to the national average.

2000 Indiana Bequest Statistics*• 2,143 Indiana residents left total

estates of $3.6 billion, or 1.7 percentof the $217 billion total estates left inthe U.S.

• 358 Indiana residents made charita-ble bequests (gifts to charity througha person’s will) totaling more than $245.3 million, or 1.5 percent of the $16.8 billion bequeathed to charity.

• The average Indiana estate was $1.7 million, compared to the U.S. aver-age of $2 million.

• The average dollar amount ofIndiana charitable bequests was $685,000, compared to the U.S. average of $932,000.

• 17 percent of Indiana estates includeda charitable bequest, compared to

the U.S. average of 17 percent.• Among those who left charitable

bequests, Indiana residents bequeathed 31 percent of their estatesto charity compared to 28 percent ofthe estates for the average of those inthe U.S.

• 6.7 percent of the assets of all estatessettled in Indiana were distributed incharitable bequests compared to 7.7 percent average of the U.S.It’s important to note that the amount

indicated as bequeathed by Indiana resi-dents to charity does not necessarily stayin Indiana. Indiana not-for-profits alsobenefit from bequests to charity fromestates settled in other states.

The total amount bequeathed to chari-ty in Indiana does not reflect thoseplanned gifts such as charitable remaindertrusts, charitable lead trusts, foundations,etc., whose creation often results fromestate planning.

Changes in the federal estate tax willalso have an impact on state tax revenues. ●

*Indiana bequest data provided by the Forumof Regional Associations of Grantmakers, withdata analysis provided by the ConnecticutCouncil for Philanthropy. Source: IRS Statisticsof Income Division.

for grants from foundations and localcorporations.

“We see the support of foundationsand corporations as a continual part ofour budget but just not to a degree that ithas been in the past,” she said.

McIntosh is starting to consider

ways to market other charitable giving

vehicles to the community -- ways other

than the usual, outright charitable gift of

cash.

Inspired by the LEAVE A LEGA-

CY® initiative to begin more bequest

marketing, McIntosh and two friends,

Indianapolis attorneys Tammy Stevens

and George Slater, hosted a special

estate-planning workshop April 23.

Both Stevens and Slater offered visitors

free power of attorney forms and living

wills and also offered to write a will for

patrons free of charge if they agreed to

leave a bequest of any size to Joy’s

House. Sixteen families were represented

at the event.

This workshop is another example of

how Joy’s House has given something to

the community while also helping to

ensure a bright future.

And Joy’s House has brought a new

kind of fulfillment to its founder.

“I have learned that my little troubles

are really nothing compared to chal-

lenges that alter your life’s plans,” said

McIntosh. “I learn not to complain to a

46-year-old man who has been living

with multiple sclerosis about the cold

that I have had for three weeks. It just

doesn’t seem to compare, now

does it?”

While McIntosh revels most of all in

the fulfillment derived by her husband

and two children, along with the new-

found sobriety of her father, she knows

Joy’s House was a true calling sent to

her in those troubled times.

“I could see it, hear it, touch it, and I

know it’s where God wants me

to be.”●

JOY’S HOUSEContinued from page 10

WILLContinued from page 4

and/or spouse can have extremely neg-ative tax consequences – as high as 70percent with combined estate andincome taxes.

For an individual who plans to leaveequal amounts to his children -- onethrough a $100,000 bequest and theother as the beneficiary of a $100,000IRA – he or she has potentially madetwo very different gifts. Dependingupon the value of the donor’s estate andthe income tax bracket of his children,the latter child may receive as little as$30,000 from the gift.

Insurance -- Basic life insurance canbe a good asset to give to both heirs andcharitable organizations, particularly ifyou no longer need the policy. Wealthreplacement insurance is another popu-lar option for those who want to give toboth heirs and charity.

Be sure to talk with a qualifiedinsurance professional about optionswith your existing policies or aboutfuture needs for your heirs.

What if I’m concerned about myheirs’ ability to handle money now?

Many parents and grandparents strug-gle with this issue. If this is a concern,there are several charitable gift optionsthat you to may want to consider.• Gifts to help my heirs attend college

(Deferred Charitable Gift Annuity)• Support my heirs during their life

time with regular and consistent income streams rather than a large lump sum (Charitable Gift Annuity orCharitable Remainder Trust)

• Help charity now, then, when my heir(s) are older and more mature,have the gift “revert” back to them from the charity (Charitable Lead Trust)

We’re ready to move forward withour plans. Where, and how do we getstarted?

If you haven’t done so already, startby scheduling an appointment with aqualified professional advisor. This

might be an estate planning attorney,accountant or financial advisor – or acombination of the three.

These professionals can guide youthrough a process of understandingyour assets and resources, your futureneeds and wants, and what you ulti-mately wish to do with what you’veaccumulated.

If you’re not sure where to start, Iencourage you to visit the gift-planningrepresentative of a not-for-profit organ-ization that you support. They can helpyou think through some of these issuesand refer you to professionals like thosementioned.

In short, certain charitable gift vehi-cles can help you make gifts to your heirsand support charitable organizations. Inthe process, you get to experience thepersonal joy and satisfaction of giving.

The final benefit – a tax savings foryou – is truly the icing on the cake.Enjoy the opportunity to pass on whatis yours.

Giving should be a rewarding,enriching and enjoyable act. Give in away that feels good! ●

HEIRSContinued from page 9

14 LEAVE A LEGACY

Battling affluenza Affluenza is a recently coined term that

describes the potentially negative personal

and societal affects that can result from an

unhealthy relationship with money.

According to the Affluenza Project, this

social “disease” has been defined as “… a

dysfunctional relationship with

money/wealth, or the pursuit of it.”

If you’d like to know more, visit the pro-

ject’s Web site, (www.affluenza.com) or

call them at (414) 481-1500.

One method I’ve recently learned of to

help fight affluenza is called “The Gifting

Game.” This new board game is designed to

help families talk and learn about philan-

thropy in a fun context and, in the process,

develop and share their own beliefs about

the value of money and charitable giving.

To learn more about it, contact the

Foundation Source at (800) 839-0054.

General bequest language: “I give,devise, and bequeath to NAME OFCHARITY/LOCATION, the sum of$________(or a description of the specific asset), for the benefit of NAMEOF CHARITY and its general purposes.”

Residuary bequestsResiduary bequests are made when

you intend to leave the residue portionof your assets after other terms of thewill have been satisfied.

Residuary bequest language: “Allthe rest, residue, and remainder of myestate, both real and personal, I give toNAME OF CHARITY/LOCATION,for its general purposes.”

Contingency bequestsContingency bequests allow you to

leave a portion of your estate to a par-ticular charity if your named benefici-ary does not survive you.

Contingency bequest language: “Idevise and bequeath the residue of theproperty, real and personal and wher-ever situated, owned by me at mydeath, to (name of beneficiary), if(she/he) survives me. If (name of ben-eficiary) does not survive me, I deviseand bequeath my residuary estate toNAME OF CHARITY/LOCATION,for its general purposes.”

Without a will, there is no mecha-nism in place to make a bequest, sohere are the steps you should take tomake sure your wishes are granted:

• Make a list of organizations or caus-es that you would like to support.

• Make a detailed list of your assets (financial, real estate, vehicles,

jewelry, collectibles, musical instru-ments, etc.)

• Schedule an appointment with your financial analyst or attorney, or planned giving officer at the organi-zation you intend to support. These professionals will help guide you through the process. ●

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Alphonso Pettis is still making a difference.

You can, too.

“When I made this gift to the citizens of Indianapolis, I had only in mind something for those who had done so much for me.” Alphonso Pettis, first donor to The Indianapolis Foundation in 1920

In his will, Mr. Pettis left The Indianapolis Foundation more than $300,000. Over time and with superior investment, it is worth nearly $3 million today! This gift, when pooled and invested with others, provides at least$150,000 each year to local not-for-profits through The Indianapolis Foundation Community Endowment Fund.

Make a lasting gift to The Indianapolis Foundation or Legacy Fund Community Endowment in your will or estate plan. Contact Central Indiana Community Foundation or your professional advisor for more information about charitable bequests and make a difference in our community – forever.

p 317.634.2423 � www.cicf.org

If you take charitable giving seriously, you need to know about us.

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L E G A C Y F U N DC E N T R A L I N D I A N A ICOMMUNITY FOUNDATION I Inspiring p h i l a n t h r o p y

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