Becoming a Legacy Society Member

 

The Rossmoor Scholarship Foundation Legacy Society consists of those generous residents and non-residents who have added a bequest to the Foundation in their wills or trusts, retirement plans or other planned gifts.  Over the years many people have made such gifts, joining with others in the community to ensure the long-term ability of the Foundation to support deserving students. Rossmoor Scholarship Foundation has been supported by Rossmoor donors for over 50 years. Bequests and other planned gifts ensure the continued success of the organization well into the future.  All such gifts are spent only on scholarships.

​

We would like to encourage you to join the Legacy Society.  Your gift can be designated to be spent outright. Or it can be designated to be added to the Foundation’s endowment, so that either the income from the bequest will be distributed in perpetuity from the endowment, or else a portion of it will be used over a period of time, whichever the donor stipulates.

​

Creating an RSF Endowed Named Scholarship with an Estate Pledge

 

The aim of creating an endowed named scholarship with an estate pledge is to donate money to the Rossmoor Scholarship Foundation that will be invested in the RSF Endowment and managed so that interest earned on the principal can then be used to fund a scholarship.  An endowed scholarship is not intended to be a one-off.  Instead, its purpose is to continue to produce income for years, thus helping many students instead of just one.  An endowed named scholarship serves as an excellent way to provide RSF with scholarship funds beyond one’s lifetime.  

​

Once estate pledge donors inform RSF of plans to establish such a scholarship, they will be listed as members of the RSF Legacy Society.

 

Levels of Giving to Establish Endowed Named Scholarships with Estate Pledges

 

Once it is received by and invested in the RSF Endowment, a gift of:

 

$25,000 will create an endowed named scholarship to be given every fourth year.

$50,000 will create an endowed named scholarship to be given every other year.

$75,000 will create an endowed named scholarship to be given two of every three years.

$100,000 will create an endowed named scholarship to be given every year.

 

If the RSF Endowment has lost more than ten percent of its value in any given year, however, RSF Trustees may choose not to award the endowed named scholarship for that particular year.

 

These levels of giving will be reviewed by the RSF Board of Trustees (and perhaps adjusted upwards) every five years. The amount withdrawn from the Endowment for the endowed named scholarship shall be set annually by the RSF Board at the prevailing rate that year, but not to exceed $6,000.

​​​​​

If you inform us of your intention to leave a bequest, we would be delighted to add you as a member of the Legacy Society and have you join the members listed below.  With your permission, we will add your name as a Legacy Society member to our website and other publications.

​

Press Intention to complete an on-line Legacy Intention Form. If you have questions concerning a Legacy Gift, you can submit them to our Legacy Coordinator using the button at the bottom of this page.

​

Current members of the Legacy Society: