Would you like to help perpetuate the mission of Friends of the Ouachita Trail without writing a check or doing any trail maintenance?
The most lasting contribution you can make to the mission of FoOT is also the easiest.
The FoOT Legacy Foundation is a permanent endowment for the Ouachita Trail. The Legacy Foundation is intended as a long term source of funds for major trail projects, many of which get postponed today due to lack of funding. Although the Foundation will accept cash contributions, it is designed and intended to be funded through estate gifts, which require no up-front cash, no checks to be written, and no dirty hands or tired back.
The initial goal for the Foundation endowment is $ 750,000.
Although this sounds like a lot of money, remember that the intent is for most to come from planned estate giving — promises for gifts that take effect after you die. Over half of the goal has already been pledged by FoOT Board members and early Legacy contributors.
There are several ways to participate in this exciting program and perpetuate the mission of FoOT. Because FoOT is a non-profit corporation, all of them have tax advantages. Consider one of the following estate planning tools you can use to help expand and perpetuate FoOT and its mission:
- Name FoOT in your will.
- Name FoOT as the beneficiary of a life insurance policy. Many of us have policies no longer necessary for our family’s security.
- Name FoOT the beneficiary of a retirement account or a portion of an account.
- Give a gift of an appreciated asset to FoOT and avoid capital gains tax.
All of these actions are revocable, except the last one. There are numerous other estate giving tools available. Speak with your own legal, financial, or estate advisors, or contact FoOT for more ideas.
Friends of the Ouachita Trail (FoOT)
PO Box 8630, Hot Springs, AR 71910
The IRS recognizes FoOT as exempt from Federal income tax under section 501 (c) (3) of the Internal Revenue Code
Federal Tax ID # 20-2278590