828-669-8977
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Durant Legacy Society Endowment Fund
Legacy gifts allow Christmount to go above and beyond and to be well-equipped to serve for generations to come.
What is the Durant Legacy Society?
The Ken and Mary Durant Legacy Society
honors and recognizes people who have made
an estate or planned gift to Christmount.
Endowed Staff Positions at Christmount
Donor-funded endowed positions celebrate and honor world-class staff, attract the next generation of talent, and ensure the organization’s high-quality programs continue to thrive. Your visionary support enables these positions to flourish and empowers the dedicated staff to lead with courage and make a difference at Christmount every day.
Endowed positions are gifted by donors to support outstanding staff and department leaders. Through these meaningful investments, donors help enhance the Christmount community and strengthen the organization’s future.
| Position | Min Amt to Create Endowment |
|---|---|
| Executive Director | $1,000,000 |
| Assistant Director | $750,000 |
| Development Officer | $750,000 |
| CLG Assistant Director | $750,000 |
| Guest Services Director | $750,000 |
| Chief Financial Officer | $500,000 |
| CLG Summer Staff | $500,000 |
| Food Services Director | $500,000 |
| Maintenance Director | $500,000 |
| Housekeeping Director | $500,000 |
Ways To Give
Wills
This is an excellent way to create a legacy
gift at Christmount. Options include leaving a percentage of your estate, providing a specific dollar amount, gifting from the balance or residue of your estate, or making a beneficiary
designation of certain assets.
Gifts of Stocks/Bonds
Appreciated assets, such as stocks and bonds, are a tax-efficient way to leave a gift. The donor or the donor's estate does not have to pay taxes on the capital gains, and the gift may be tax deductible.
Life Insurance Policies
Naming Christmount as the beneficiary of a life insurance policy requires no additional legal work; simply contact your
insurance company and complete a new
beneficiary form.
IRAs and Other Retirement Assets
Naming Christmount as the beneficiary of a traditional IRA or other retirement account also provides
family members with tax savings. When a tax-deferred retirement account is left to family or friends, it becomes
taxable income. Since Christmount is a non-profit organization, 100% of a gifted retirement account can go to
Christmount's endowment fund while other assets can be gifted to loved ones.
Life Income Gifts
Some types of planned gifts can provide a stream of payments to the donor. These deferred gifts, called life-income gifts, can be created by making an irrevocable gift of cash or appreciated securities in exchange for a stream of payments. Christmount partners with the Christian Church Foundation to establish these types of gifts.
The most popular types are:
Charitable Gift Annuity
This simple contract is an attractive way to provide lifetime payments to an individual or couple, possibly create an
income tax deduction for the donor and leave a planned gift for Christmount. The minimum gift amount is $5,000.
The payments are fixed for as long as the annuitant(s) live(s).
The charitable remainder at the death(s) of the annuitant(s) goes to Christmount's endowment.
Charitable Remainder Trust
These gifts require the creation of a legal trust document and must be funded with $250,000 or more. This can be a very attractive and tax effective way to use highly appreciated land or securities as a planned gift while still receiving an income for life or a set number of years.
Durant Legacy Society - More Information
