A Legacy Fund is the ideal tool for making a lasting gift to future generations, offering ongoing support – in perpetuity or for a set number of years – to the causes close to the donor’s heart or charitable causes supported by the Bodossaki Foundation.
Of the Legacy Funds managed by the Bodossaki Foundation, some are used to fund named or memorial scholarships, while others fund programmes that serve to support places the legators had strong ties with.
A Legacy Fund, created for donations of over €500.000, is structured as a Named Fund, bearing the name of the donor/legator. The motives for the legators’ donations may be very different, but all share a common desire to do good, often wishing to:
- Protect their own assets while giving back to society.
- Support – after ensuring that their loved ones will be provided for financially – charitable causes such as the wellbeing of the area they live in, their hometown/birthplace, the school where they were educated or the hospital or old people’s home that accommodated and cared for them or their loved ones.
- Create a legacy that will put their fortune to good use when they have no direct heirs.
- Bring together different generations of their family, by uniting them around a common cause which is an expression of the donor’s values.