$50,000 Legacy Gift
Share Your Experience:
My friend recently retired from University of California Santa Barbara and coaches the Dos Pueblos High School men’s tennis team. She is also a volunteer coach for the Santa Barbara Special Olympic program.
I have been friends with this contributor for a few years and ran into her at a tennis tournament and we were updating each other on what was going on in our lives. I mentioned the Legacy Life Giving program I was working on and she said she contributes annually to the Santa Barbara Scholarship Foundation where she had received a scholarship years before and was interested in learning more.
She told me how much she was donating each year and I told her she could leave a $50,000 to the Foundation for what she was currently contributing annually. She liked the idea and I called and spoke with the Scholarship foundation and they indicated they would prefer the annual contribution over the Legacy gift. I told my friend and she was disappointed in the response. I asked her about Special Olympics because of her work with them. I called Monica at Special Olympics and she was thrilled with the idea of a $50,000 gift.
Our contributor decided she would split between the two so we wrote a $25,000 policy and she was going to pay half into the Foundation. The moment the policy was issued she asked if she could double it to $50,000 which we did. She also contributed to the Scholarship Foundation at a reduced amount.
Because of her generous gift to Special Olympics they presented her with a nice certificate plus an engraved ‘coaches’ whistle. They made the presentation at Special Olympic event and took her photo surrounded by Special Olympians that was in the Santa Barbara press. She received a tremendous recognition and is very happy that she could make such a big difference to Special Olympics.