Ohana Legacy Program
What is the HIFF Ohana Legacy Program?
Legacy giving is a wonderful way to support the things you care about most, now and after you’re gone. For many donors, it’s also an important part of their estate planning. Legacy giving is a wonderful way to commemorate the ties between you and HIFF. Through Legacy giving, you can pass on the values at the heart of your HIFF experience to others.
With a legacy gift, you can significantly increase the impact of your contribution, linking your legacy with HIFF. Legacy giving helps HIFF to remain dedicated to the advancement of understanding and cultural exchange among the peoples of Asia, the Pacific and North America through the medium of film.
With dozens of opportunities, a number of programs or projects may pique your interest. The Development Director or Membership Coordinator will work with you to define a designation that best meets your needs.
With the HIFF Ohana Legacy Program you will also be recognized as being a part of the HIFF Ohana Legacy Program with mentions in the Program Book, Add Slides and on our HIFF Ohana Legacy webpage.
How To Give:
A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets, and to successfully carry out your final wishes.
Do you have an estate?
Your “estate” is the sum of your assets, including property you own, insurance policies, retirement accounts, cash on hand, etc. Wealthy people may have very large estates, but even people who aren’t wealthy often have the resources to make a charitable bequest. If every adult in America made a will and included a bequest of just $100, billions of dollars would flow to charitable causes every year.
Below, we have listed some of the more common kinds of bequests, and some bequest language. We always recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates.
General Bequests are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.
General Bequest Language
“I give, devise, and bequeath to the Hawaii International Film Festival, Honolulu, HI, the sum of $________(or a description of the specific asset), for the benefit of the Hawaii International Film Festival and its general purposes.”
Specific Bequests are made when a particular item or property is bequeathed for a designated purpose. (i.e., instruments bequeathed to the local school district for use in music education; dollar funds to be used in the operation of a school or church.)
Specific Bequest Language
“I give, devise, and bequeath to Hawaii International Film Festival, Honolulu, HI, the sum of $_______ (or a description of a specific asset), for the benefit of the Hawaii International Film Festival to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Hawaii International Film Festival it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
Without a will, there is no mechanism in place to make a bequest, so here are the steps you should take to make sure your wishes are granted.
Make a list of organizations or causes that you would like to support.
Make a detailed list of your assets (financial, real estate, vehicles, jewelry, collectibles, musical instruments, etc.)
Set up an appointment with your financial analyst or attorney, or planned giving officer at the organization you intend to support. These professionals will help sensitively guide you through the process.
For more information about this program, please contact:
Joshua Nye: firstname.lastname@example.org or (808) 792-1577 x6