Midsize Donations Can Make for Big Philanthropic Legacy
August 9, 2006 | Read Time: 1 minute
Middle-income Americans are discovering new ways to donate that enable them to leave a philanthropic legacy, reports The Christian Science Monitor.
By giving through pooled-income funds, teaming up with other donors, or exploring matching gifts from institutions, donors have been able to maximize their gifts.
For example, Dale Lentz, a dental surgeon with a son in dental school, wanted to support dental education by creating a trust at Indiana University. Mr. Lentz created a partnership with the university, by which he gave $1.2-million to establish a professorship, and the university will contribute $60,000 per year until Mr. Lentz’s death.
In the end, establishing a philanthropic legacy is more about identifying worthy goals than having vast amounts of money, the newspaper says.
