NCRF’s Legacy Society offers many benefits

The National Court Reporters Foundation offers NCRA members and other interested parties the opportunity to become part of its Legacy Society, a planned giving program. By including NCRF in their wills, many reporters have already taken this critical step to support the professions of court reporting and captioning.

Including charitable giving in a will offers many benefits, such as protecting assets, reducing estate taxes, and avoiding capital gains taxes. Becoming a part of NCRF’s Legacy Society may have important income or estate tax benefits. Here are a few of the ways to support NCRF through its Legacy Society.

  • Outright Gifts:   Outright gifts can be used immediately.  A gift of appreciated stock or mutual fund shares can be particularly advantageous from a tax standpoint since capital gains tax is avoided.
  • Bequests: A bequest to NCRF’s Legacy Society in a will allows a person to leave a particular asset, a percentage of an estate, or a portion of assets remaining after other specific bequests for family members have been made.  A bequest to NCRF’s Legacy Society is fully deductible for estate tax purposes.
  • Life Insurance:  Naming NCRF as the beneficiary of all or a portion of a life insurance policy is another option. Amounts left to NCRF are fully deductible for estate tax purposes.

Members of NCRF’s Legacy Society say there is a deep satisfaction of knowing that you’re returning something to a profession that has been good to you.

For more information, contact B.J. Shorak, NCRF’s Deputy Executive Director, at 800-272-6272, ext.126, or by email on bjshorak@ncra.org.