The Step Forward Legacy Gifting
We make a living by what we get, but we make a life by what we give.” – Anonymous
Think back for a moment. Iced tea on the club patio; two movie-perfect swans on the lake below. Meatloaf better than your mom’s at Americana trivia night; an early morning Thanksgiving Turkey Trot with the reward of a steaming cup of coffee at the end. These memories--these experiences--exist at Governors Club because of the scores of employees who work here. Whether in housekeeping, on the golf course, at the fitness center, or in the dining rooms, these employees make a difference. And you can, too.
Think back for a moment. Iced tea on the club patio; two movie-perfect swans on the lake below. Meatloaf better than your mom’s at Americana trivia night; an early morning Thanksgiving Turkey Trot with the reward of a steaming cup of coffee at the end. These memories--these experiences--exist at Governors Club because of the scores of employees who work here. Whether in housekeeping, on the golf course, at the fitness center, or in the dining rooms, these employees make a difference. And you can, too.
Two New Initiatives
I. Restricted Legacy Giving
In 2023, Step Forward launched Restricted Legacy Gifting, a scholarship category separate and distinct from the yearly award program. Based on a legacy donation of $50,000 or more, your gift can be made either in one payment or pledged over a five-year period. The gift is restricted in nature by you, the donor, because its distribution will go to a specific type of awardee you choose, such as the first individual in a family to go to college. You can also stipulate that the awardee must be aiming toward a particular field of study. Additionally, the gift can be titled in your name.
This type of endowment may award a percentage of its value each year to an applicant (the percentage amount is controlled by the fund). The recipient must have previously received a traditional Step Forward scholarship. For this award, the SF’s scholarship committee will select the recipient through a written application and interview. As a donor, you will receive an annual update regarding your scholar’s progress.
Think of the impact: your gift can provide significant dollars to applicants in addition to their base scholarship. Even better, this grant will continue to fund scholarships in future years.
Step Forward has received one Restricted Legacy gift from club members Bill and Ajka Wallace who have pledged $100,000. The endowment will be fully funded by 2025. In 2024, one of the new scholarship recipients will receive an additional $1,000 from this fund. In 2026, the potential award is $4,000. Per the Wallace’s wishes, their gift is targeted specifically for applicants who are the first in their families to attend college.
This type of endowment may award a percentage of its value each year to an applicant (the percentage amount is controlled by the fund). The recipient must have previously received a traditional Step Forward scholarship. For this award, the SF’s scholarship committee will select the recipient through a written application and interview. As a donor, you will receive an annual update regarding your scholar’s progress.
Think of the impact: your gift can provide significant dollars to applicants in addition to their base scholarship. Even better, this grant will continue to fund scholarships in future years.
Step Forward has received one Restricted Legacy gift from club members Bill and Ajka Wallace who have pledged $100,000. The endowment will be fully funded by 2025. In 2024, one of the new scholarship recipients will receive an additional $1,000 from this fund. In 2026, the potential award is $4,000. Per the Wallace’s wishes, their gift is targeted specifically for applicants who are the first in their families to attend college.
II. Non-restricted Legacy Giving
In 2024, as a result of a Board decision and gifts from donors, Step Forward instituted Non-restricted Legacy Gifting. This gifting alternative provides a pool of funds for future use to advance the mission of Step Forward. Donations made to this fund will not have specific distribution requirements. Donations to this fund may be made in memory of or in honor of any specific individual or cause. No minimum or maximum donation amounts are required.
How Do the Two Gifting Programs Work?
Both types of Legacy Giftings are invested and managed via two separate accounts by The Denver Foundation, a large not-for-profit foundation. Additionally, both accounts are supervised by the SF Board.
As a donor, you may provide your gift in accordance with IRS regulations for chapter 501(c)(3) organizations. Your gift could be in the form of cash, a will, or other instruments, subject to SF Board approval. We would love to work with you—simply contact SF at [email protected].
What a difference you can make!
As a donor, you may provide your gift in accordance with IRS regulations for chapter 501(c)(3) organizations. Your gift could be in the form of cash, a will, or other instruments, subject to SF Board approval. We would love to work with you—simply contact SF at [email protected].
What a difference you can make!
LET’S STEP FORWARD NOW
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Step Forward Scholarship Fund, Inc.
P.O. Box 4631
Chapel Hill, NC 27515-4631
[email protected]
Step Forward Scholarship Fund, Inc. is a 501c3 organization. EIN #83-3175469