This year, Cancer League of Colorado will be celebrating the 20th Anniversary of our Foundation, which we established in 1997 as a means to create a permanent charitable endowment for Cancer League. As an all-volunteer organization, Cancer League of Colorado depends heavily on philanthropic support to fulfill its mission. By charter, all gifts received by Cancer League of Colorado are used in the year received to fund preliminary research and service needs, supporting the community’s most promising efforts. Because our charter does not allow for charitable endowment, we established the Cancer League of Colorado Foundation.
The Foundation’s investments are managed by professional asset managers and overseen by our Investment Committee. Currently, UBS Financial Services serves as the Foundation’s financial advisor and portfolio manager. Please consider CLC Foundation in your estate plan.
Since 2007, we have donated more than $100,000 to Cancer League of Colorado. The sole mission of the Foundation is to support the funding of research and service grants by Cancer League.
Earnings from the endowment provide additional, ongoing support for Cancer League. Help Cancer League of Colorado fight to find a cure for cancer by including the CLC Foundation in your estate plans.
Cancer League of Colorado Foundation 2016 Report
Celebrating 20 Years of Endowment for Cancer League of Colorado!
During the 20 years since its founding, the Foundation’s recurring theme has been slow and steady growth through prudent management of generous gifts and bequests from members and friends of Cancer League of Colorado. Our belief that an investment policy that doesn’t chase the highs of the market will not suffer the lows of the market, continues to resonates with us as we review the past year’s results.
Although 2016 was a very challenging year, the Foundation is proud to report that the balance in portfolio as of the end of 2016 was $1.6 million which represents an investment gain of over $71,510 or 4.4%. The portfolio remains invested 57% in equities, 29% in bonds and 15% in alternatives. This allocation and prudent management style has insured that the Foundation can and is ready to support Cancer League in its mission of funding cutting-edge research and supporting local organization that provide critical services to cancer patients, their families and caregivers.
Foundation Board Members:
Karen White, CLCF President
Fleta Johnsen, Secretary
Dave Weisberg, Treasurer
Stu Bennett, director
Glenna Hale, director (Past CLCF President)
Martha Jentz, director (Past President CLC)
Olivia Millradt, director
Kaye Music, director (Treasurer CLC)
Barbara Reece, director (VP Fundraising CLC)
Gary Reece, director (President CLC)
John Ruby, director
Sandy Wolf, director
Scott Young, director (Investment Committee Chair)
The Endowment of Hope
The Endowment of Hope was established to honor and recognize those who make an estate gift to support the Foundation’s endowment. Estate gifts can be unrestricted or designated to fund a specific service or program and can be made to honor or memorialize loved ones.
Examples of estate gifts include naming Cancer League of Colorado Foundation in your will or living trust or by naming the Foundation as a beneficiary of a life insurance policy, IRA, or charitable trust. A variety of options exist.
We invite you to learn more about becoming a member of the Endowment of Hope. We’ve provided information about several charitable estate planning options. Maximum Flexibility helps identify which estate gifts will help preserve control of your assets throughout your life, while Maximum Tax Benefits helps to illustrate your tax planning options.
Finally, we would be happy to send you a free copy of our Cancer League of Colorado Endowment of Hope brochures. To request these brochures or pose any questions you may have, please feel free to contact us by e-mail email@example.com or by phone at 303-281-9864.
A planned gift can be the perfect way to provide for the future of Cancer League of Colorado. We would love to help you discover how easy this can be.
Endowment of Hope Members
|Wilma DeLong Estate|
|Denver Mile High Rotary|
|Laura and James Fiemann|
|Marianne Gjelsteen Estate|
|Linda Goto Estate|
|Martha and Scott Jentz|
|Annette and David Jewell|
|Kaye and Monty Music|
|Jennifer and Brian O’Neill|
|PBJ Reece Charitable Fund|
|QuaLife Wellness Community|
|The Reece Family|
|Saint Mary’s Land and Exploration|
|Doris and Frank Southworth|
|Glory and Dave Weisberg|
|Clara Wheeler Trust|
|Karen and Ron White|
|Elaine and Melvin Wolf Foundation|
Cancer League of Colorado Foundation would like to express its deep appreciation to all members of the Endowment of Hope, people that have committed to fighting cancer beyond their lifetimes by remembering Cancer League of Colorado Foundation in their estate plans.
Thank you for your generosity, foresight and confidence in Cancer League of Colorado Foundation.
As we all know, the future is uncertain. You can establish a planned gift today and while retaining control over these assets for the balance of your life. Such gifts are called revocable gifts.
Unless you are confident that you cannot outlive your assets, a revocable planned gift is almost always the best option. Most planned gifts are revocable by design and generally are one of the following:
- Bequest in a Will or Living Trust
- Beneficiary Designation in IRA or Retirement Plan
- Beneficiary Designation in Life Insurance Policy
By naming Cancer League of Colorado Foundation in your will, living trust or as a beneficiary, you can protect yourself against an uncertain future. Should you need these assets, they are available. If not, your gift will come to Cancer League of Colorado Foundation as you desire.
Maximum Tax Benefits
The Internal Revenue Service provides important tax incentives to encourage support for charitable organizations. A gift typically must be irrevocable to qualify for a tax benefit. Stated another way, a gift must be complete and not subject to any revocation by the donor.
Clearly, an irrevocable planned gift should only be made after appropriate reflection and consultation with your legal and financial advisors. However, with proper planning, such gifts can provide important income and tax benefits for you and your heirs. Specifically, the following benefits may be attractive:
- Increased current income
- Increased future income, e.g. during retirement years
- Current charitable income tax deduction
- Future charitable estate tax deduction
- Asset planning for heirs
- Significant gift to support Cancer League of Colorado efforts
For more information, please contact us at firstname.lastname@example.org or 303-281-9864. Donations can be made by mail to Cancer League of Colorado, PO Box 5373, Englewood CO 80155.