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Donor Stories

Donor Stories

Learn how others have made an impact through their acts of giving to our organization and others.

Creating A Donor-Advised Fund to Leave Your Legacy

When Deacon Bill Mennenga contemplated an estate plan after his wife passed away, his initial consideration was to establish a private foundation with income from his post retirement hobby of trading in closed end funds. He thought his own foundation could support charities he was involved with now and in the future. After conversations with legal advisors and doing his own research he discovered that the regulations, reporting and general work required to manage a private foundation were more than he was interested in. He then stumbled upon the Community Foundations of the Hudson Valley, "which I had heard of from reading about the stepped-up efforts on the part of my local county to provide assistance to city residents that had been economically impacted by Covid-19." After reaching out to the Community Foundations, he soon discovered that he could set up a donor-advised fund that would continue to grow while the Community Foundations would handle its day to day management.

"Having the apparatus in place to handle my charitable gifts in the future, the Community Foundations provided the solution I was seeking." Deacon Bill continues to grow his Fund and has a plan. He has also been able to share his plan with someone who will be able to easily suggest grants when he is gone, based upon his charitable history established with the Community Foundations. "It was important that the 'giving' be easy, especially for future gifts from my Fund. I did not want to burden a successor advisor with having to choose recipients."

Just as he had originally hoped, by establishing the Deacon Bill Mennenga Fund with the Community Foundations, several organizations that Deacon Bill admires and supports will be remembered.

Read more stories about donors in our community here

  • Bequests
    Joe and Anna have been faithful supporters of our organization. They believe it is important to help further our mission.
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  • Using a Beneficiary Designation to Make a Gift to Charity
    Joanne and her late husband Hal had been longtime supporters of our organization. Recently, Joanne's children encouraged...
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  • Tax-Free Sale
    Howard and Lynn were both age 55 when they purchased some vacant land a few miles outside of town. They thought real estate would be a good investment that could be sold later for a profit.
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  • Capital Gains Tax Bypassed
    Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio.
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  • Endowment Gift
    Pat and Shelly were recently married. They both had been dedicated volunteers at their favorite charity for many years.
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  • Sale and Unitrust
    Gene and Carol purchased stock in a small medical service company several years ago. The company has done well.
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  • The Retirement Unitrust
    Mary grew up on a farm. When her parents passed away, she and her husband Bill inherited the farm.
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  • Current Gifts
    As is the case with many families, there are times each year when Jim and Sharon focus their attention on gift giving.
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  • Gift of a Bank Account When No Longer Needed (POD)
    Keith has been a faithful supporter of The Community Foundations of the Hudson Valley and makes regular gifts to support our work.
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  • Transferable on Death (TOD) Gifts
    Harold and Jeanne married after meeting at an event The Community Foundations of the Hudson Valley held for our donors. They wanted to leave a legacy gift...
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  • Legacy Society Members Provide Future Charitable Resources
    Nancy and David were dedicated volunteers. Over the years, they had seen many individuals helped by the good work of their favorite charity.
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  • What Will You Do with Your Unspent Retirement Savings?
    Michael and Kelly were retired engineers with two adult children. They owned a home, some stocks, and IRAs.
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  • A Bequest to Save Taxes
    Thomas was a widower who had a great love for our organization. As an individual who had directly benefited from our work, Thomas wanted to thank us with a gift from his estate.
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  • Leading for the Future
    Luke and Cynthia spent many years volunteering and supporting their favorite charity. They wanted to give back in a way that would help fulfill its mission.
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  • Give it Twice Trust
    While visiting her favorite charity's website, June came across the idea of a give it twice trust. She contacted the charity for more information.
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  • Providing for Our Children's Future
    Ron and Kathy worked for many years building their nest egg for retirement.
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  • Bequest of Insurance
    Marla and Wayne purchased a life insurance policy many years ago to create security for their children's future.
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  • Testamentary Charitable Remainder Unitrust: Have Your Cake and Eat it Too!
    We have all heard the saying "You can't have your cake and eat it too." This phrase describes a situation where we want two good things at the same time when that isn't possible.
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