CAG Launches New Legacy Society
The Citizens Association of Georgetown’s Board of Directors is initiating a new effort to ensure the future of our organization. We are launching a Planned Giving initiative, whereby we invite our members to remember CAG through a bequest to the association. Our Board of Directors, each and every one, has committed to doing exactly that – leaving a portion of their estate to CAG to ensure a thriving future for the oldest, and most active, citizens association in the District, a 501(c)3 public charity recognized by the Internal Revenue Service.
Why are we doing this now? It has been a long time coming, actually, and the organization is having a difficult time balancing our budgets. We have an ever-expanding list of programs, a wonderful group of volunteers, and terrific staff, but costs escalate each year and our income is very much dues-based. While membership stands at 1250, we need to keep dues at levels that ensure our membership continues to grow. The Board believes the organization needs to add additional sources of funding.
We are turning to past and future supporters of Friends of CAG to give as generously as they can to keep our organization strong. We hope for both types of gifts – contributions which support Friends of CAG with much needed donations today, as well as bequests to ensure CAG’s future.
CAG's new Legacy Society will formally recognize these very special members who make a bequest to the Citizens Association of Georgetown. Members and founding members of this Legacy Society will be recognized and honored each year.
Making a bequest is easy, and sample language is below:
Sample Language for a BEQUEST to the CITIZENS ASSOCIATION OF GEORGETOWN, Tax ID#52-1359105
I bequeath (state dollar/percentage amount or describe property) to the Citizens Association of Georgetown, a corporation formed under the laws of the District of Columbia, located at 1365 Wisconsin Avenue, NW, Suite 200, Washington, DC 20007, to be used by it for such charitable purposes as its board of directors shall decide in its sole and absolute discretion.
I bequeath all of the rest and remainder of my property, real, personal, or mixed, to the Citizens Association of Georgetown, a corporation formed under the laws of the District of Columbia, located at 1365 Wisconsin Avenue, NW, Suite 200, Washington, DC 20007, to be used by it for such charitable purposes as its board of directors shall decide in its sole and absolute discretion.
CAG is a fully qualified public charity (Tax ID#52-1359105) whose primary purpose is to preserve the historic character, quality of life, and aesthetic values of Georgetown with a particular eye toward protecting the interests of the neighborhood’s residents and homeowners.