What is Legacy Giving? – Types, Benefits & How To Contribute

Published on January 29, 2024

legacy benefits

Our legacies keep us in people’s memories - as a dear friend, as a benefactor, a dreamer or a doer. We at CRY understand this innate yearning for building legacies, and are leveraging this as a mutually beneficial opportunity for our gracious donors as well as the underprivileged community of children in India. 

Welcome to the transformative world of legacy giving, a powerful avenue through which you can shape the future for generations to come. At CRY, we understand the profound impact that legacy giving can have on advancing child rights advocacy and execution interventions. 

What Are The Types of Legacy Giving?

Your journey of legacy giving with CRY can take multiple forms.

1. Donate A Residuary Gift

Your estate, your safe haven that hosts cherishable memories for you and your loved ones, can be a stepping stone for you in the realm of legacy giving. You can leave a part of your estate as a share, otherwise referred to as a residuary gift, for the benefit of underprivileged children in India. This is not a chance contribution but can be the game-changer for an underprivileged child’s life.

2. Leave A Monetary Gift

We don’t validate your contribution in terms of its volume. You might not have a giant estate share for India’s underprivileged children. However, a monetary contribution of any sort from the bottom of your heart can flourish a child’s dreams and make his/her life more meaningful. 

You can also choose to gift a special object in memory of your loved ones too. So, your family’s legacy stays imprinted. Let an underprivileged child achieve the pinnacles of success and happiness with your contributions.

3. Make Us A Beneficiary

We at CRY can be your go-to partner in the realm of legacy giving. Make us a beneficiary in your will and mention how you wish your life’s accumulated wealth to be leveraged and for whom. We are your strategic executors, who will see to the fact that your legacy stays on and give wings to dreams.

4. Build A Special Corpus Fund

By building a special corpus fund, you can contribute towards legacy donations for India’s underprivileged children, the budding stars of today for a lucrative future tomorrow. 

Why is Legacy Giving Important?

Legacy giving holds profound importance as it represents a timeless commitment to shaping a better world for future generations. At its core, legacy giving is a strategic investment in the continuity of values and causes that matter deeply to individuals. 

At CRY, legacy giving serves as a robust lifeline, offering a sustained source of support that transcends the constraints of immediate funding cycles.

By including charitable contributions in wills, establishing trusts, or designating beneficiaries in life insurance or retirement plans, donors forge a lasting impact on the causes they hold dear. This enduring support allows charitable organisations to plan and execute long-term initiatives, creating a ripple effect of positive change over time.

Legacy giving or legacy donation is a testament to the belief that individuals can be architects of change, even beyond their lifetimes. It enables donors to leave behind a legacy of compassion, social responsibility, and a commitment to advancing the well-being of future generations. Legacy giving is not just a financial transaction; it is a legacy of love, care, and dedication to building a brighter and more equitable future for all.

Benefits of Legacy Giving

Legacy giving stands as a powerful testament to the enduring impact an individual can make, transcending their own lifetime. For those considering this noble endeavour, the benefits of legacy giving extend far beyond the financial realm, touching upon various aspects that enrich both the donor and the causes they hold dear, particularly in the context of an organization dedicated to child rights, like ours.

1. Financial Advantages

Legacy donation often brings with it financial benefits for the donor and their estate. Understanding and leveraging potential tax advantages can enhance the impact of the gift, allowing individuals to support causes close to their hearts while optimizing the allocation of their assets. This financial efficiency ensures that the intended beneficiaries receive the maximum benefit from the legacy donation.

2. Perpetual Impact

Perhaps the most significant benefit of legacy giving lies in its ability to provide sustained and enduring support. Whether through bequests in wills, charitable trusts, or designating beneficiaries in life insurance or retirement plans, the impact of the donation extends well beyond the donor's lifetime. This perpetual support allows organizations dedicated to child rights to implement long-term programs, creating a lasting positive impact on the lives of countless children.

3. Fulfilling Personal Values

Legacy giving is a deeply personal act that allows individuals to align their financial resources with their core values and beliefs. For those passionate about child rights, legacy giving becomes a means of ensuring that their commitment to the welfare of children remains steadfast, leaving an indelible mark on the world that resonates with their convictions.

4. Supporting Causes and Organizations

The heart of legacy giving lies in its ability to contribute meaningfully to the causes and organisations that individuals hold dear. For supporters of child rights, legacy giving becomes a way to champion the well-being and future prospects of vulnerable children. By leaving a lasting impact on organisations like ours, donors play a crucial role in building a society where every child has the opportunity to thrive. 

5. Creating a Lasting Legacy

Legacy giving enables individuals to craft a legacy that extends beyond their own narrative, creating a story of compassion, empathy, and social responsibility. By contributing to the betterment of society through organisations dedicated to child rights, donors leave behind a legacy that reflects their values and commitment to creating positive change. By supporting CRY through legacy giving, you can transform the lives of children today and ensure that they can get access to quality education, healthcare, nutrition and keep protected from child labour, child marriage & trafficking.

The benefits of legacy giving are both tangible and profound. From financial advantages to the perpetual impact of support, legacy giving offers a unique opportunity for individuals to leave behind a legacy that resonates with their values and contributes to the well-being of future generations. For those passionate about child rights, legacy giving becomes a powerful instrument for building a brighter and more equitable future for vulnerable children.

 How to Get Started with Legacy Giving?

Embarking on a legacy giving journey is a straightforward yet profound process. It begins with thoughtful consideration, expert guidance, and a commitment to leaving a lasting legacy for child rights.
Legacy giving is a beacon of hope, illuminating a path toward a brighter future for children. Through the various forms of legacy giving, individuals can create a legacy that echoes their values, leaving an indelible mark on the world and ensuring that child rights remain at the forefront of societal progress.

Why Choose CRY India For Legacy Giving?

At CRY, we invite you to join us in this transformative journey, where your legacy becomes a catalyst for positive change. The legacy that was started in 1979 by Rippan Kapur, our beloved founder and his 6 friends, has cascaded across the decades and so far has benefitted more than 3 million children in 19 states in India. From strategic campaigns in the 1980s to policy advocacy measures in the 1990s to the culmination of the revolutionary RTE act in the 2000s to emergency relief services during the pandemic and post-pandemic era, we have created a legacy that we are proud of and you can do too!