More About the ASIL Heritage Circle
ASIL's Heritage Circle is for members who include the Society in their estate plans. It also provides information to ASIL members interested in how planned giving works.
Why Join the ASIL Heritage Circle?
Your colleagues have varied reasons for joining the ASIL Heritage Circle, but they share a commitment to the field of international law and the organization that serves it. When making a planned gift, Heritage Circle members usually realize tax benefits, which sometimes are significant. Using assets instead of income to make a gift also affords the donor greater flexibility in the size, type, and purpose of his or her contribution.
How ASIL uses Heritage Circle Gifts
ASIL Heritage Circle contributions can be used in two ways:
- as gifts to the ASIL Endowment for International Law, the income from which supports the education program of the Society, or
- as dedicated program support, an option available when gifts are $25,000 or more (the specific ASIL program to benefit is determined in consultation with ASIL representatives, although such donations also may be added to ASIL's endowment).
How to Join the Heritage Circle
ASIL members and supporters can join the Heritage Circle by notifying the Society of their commitment, either already made or intended to be made, to include ASIL in their estate plans. They may indicate this via a separate letter or by using the Invitation Reply Form linked below. Members may join anonymously or add their names to the growing list of colleagues who have made a planned gift to the Society. Members of the ASIL Heritage Circle are listed above, at right.
Types of Heritage Circle Gifts
The most common planned gift is to include a charitable bequest in your will. Other such gifts include: charitable remainder trusts, charitable lead trusts, revocable trusts, designation of ASIL as a beneficiary in a life insurance policy or retirement plan, or a gift of a life estate in a personal residence. There are additional possibilities as well.
The ASIL Heritage Circle can provide information about the different types of bequests, as well as sample language to use in your will. We also can work with donors to determine the most suitable gift instrument for their circumstances and purposes.
For More Information
To learn more about the ASIL Heritage Circle or to inquire about planned gift options, please contact Bridget Jameson at development@asil.org or +1-202-939-6009.
About the ASIL Endowment for International Law
Most Heritage Circle gifts are added to the ASIL Endowment for International Law. Established in 2004 with $1 million in ASIL assets, the endowment supports the Society's education program. The value of the endowment grew to $1.3 million at the end of 2007, a year in which the endowment also granted $78,000 for ASIL programs.
Selected Guiding Principles for the ASIL Heritage Circle All activity undertaken by the ASIL Heritage Circle or on behalf of its members will be performed in accordance with the "Model Standards of Practice for the Charitable Gift Planner" issued by the National Committee on Planned Giving (as revised, April 1999). ASIL guarantees confidentiality in all dealings that people have with the Heritage Circle, from simple inquiries to detailed discussions about a gift instrument. ASIL Heritage Circle does not offer legal or tax advice and always recommends that individual members consult their personal advisors when contemplating a planned gift. A complete set of Operating and Gift Acceptance Policies is available upon request. |
