top of page
_edited.png)
LEGACY FUND
An Exciting Partnership with The Solomon Foundation
A Unique Opportunity
for Hope for Kids
From now through May 2027, The Solomon Foundation (TSF) is offering a special opportunity for the Hope for Kids community. When a new Legacy Fund is opened, TSF will provide an additional gift to Hope for Kids equal to 50% of the value of the new fund.
That immediate support will help Hope for Kids care for and improve our camp property, strengthen the programs and operations that make camp possible, and create more opportunities for future generations.
Not only will camp receive immediate support, but opening a Legacy Fund enables you and your family to give for generations to come.
Frequently asked questions
The Solomon Foundation is a tax exempt 501(c)3 charity and trusted partner in church growth, offering investment opportunities and innovative loans to support congregations in the Restoration Movement. Their mission is to build financial partnerships that grow the Kingdom.Hope for Kids has developed a close relationship with The Solomon Foundation through our partnership with the Schwenksville camp property. This includes significant investment for improvements that strengthen the programs and activities taking place at camp.For more information, visit The Solomon Foundations' Website
A Legacy Fund is a type of Donor Advised Fund (DAF) that is a tax deductible charitable account.This type of charitable giving account allows you to make a contribution, receive an immediate tax deduction (subject to applicable tax laws), and then recommend grants to qualifying charities over time.For more information, visit The Solomon Foundation's Legacy Fund page.
A few reasons families in our community are considering it:No cost to open. There are no charges or fees to establish your Legacy Fund.Flexibility. After opening your Legacy fund, you can invest periodically or regularly. You decide which causes receive grants.Stability. Your Legacy Fund will not diminish or be subject to market risk.More ways to give. Beyond cash, you can contribute non-cash assets like stocks, bonds, mutual funds, or real estate.A values-aligned partner. TSF's mission is rooted in the same faith community that Hope for Kids serves.Increase the power of your investment. Per the structure of TSF, if you open a Legacy Fund, your impact will be leveraged by 20x for continued Kingdom impact.Tax benefits. Opening a Legacy Fund with TSF qualifies as a charitable contribution in the calendar year given. Please consult your tax advisor for specific implications on your taxes.A timely incentive. If you open a Legacy Fund between now and May 2027, Hope for Kids will receive a match from TSF of 50% of the opening account balance as a cash grant to support property, programming, and organizational needs.
When you open a Legacy Fund and choose to support Hope for Kids, you’re creating an opportunity for generosity that can extend far beyond a single gift. As the advisor to your fund, you can recommend eligible grants over time — including grants to Hope for Kids — while maintaining flexibility over when those recommendations are made. There is also a special opportunity available through May 2027. When a qualifying new Legacy Fund is opened, The Solomon Foundation will provide an additional gift to Hope for Kids equal to 50% of the value of the new fund, providing immediate support for camp property, programs, and organizational needs. That means your Legacy Fund can create impact in two ways: significant support for Hope for Kids today, and the potential for continued charitable impact for years — and even generations — to come.
With The Solomon Foundation, the minimum amount required to open a Legacy Fund is $1,000. After initial investment, you can choose to continue to contribute on a periodic or regular cadence.
The Solomon Foundation is one of the few institutions that does not charge to open a Donor Advised Fund (DAF) through the Legacy Fund program. Additionally, there are not fees associated with these accounts.
Yes. Contributions to a Legacy Fund are tax-deductible in the year you make them, even though the grants to specific charities may happen later. This is one of the most appealing parts of a DAF: you can take the deduction now and decide where the giving goes over time.Everyone's tax situation is different, so we'd encourage you to talk with your tax advisor about what this means for you specifically.
Yes! If you wish to start the process of transferring your current DAF account to The Solomon Foundation, please reach out to Hope for Kids Director of Operations, Maria Anies (maria.anies@hopeforkids.org) and she will connect you with the people at The Solomon Foundation who can seamlessly support this process.
Getting started is straightforward:Reach out to us at Hope for Kids, and we'll be happy to connect you with our partners at The Solomon Foundation. Feel free to email Hope for Kids' Director of Operations, Maria Anies, at Maria.Anies@Hopeforkids.org, to get started.TSF will walk you through a simple application to open your account.You make your contribution — cash or another eligible asset — and receive your tax deduction for the year.You recommend Hope for Kids (or any other cause) to receive grants from your fund over time.For more information, please reference TSF's Legacy Fund Guide.
Join us at A Legacy Dinner: Generosity That Lasts on Monday, September 21st, from 5:30–8:30 PM at Manong Filipino Restaurant in Philadelphia. You'll hear directly from our team and The Solomon Foundation and have a chance to ask questions in person.Can't make it? Reach out to us directly — we're happy to talk it through one-on-one.Email Director of Operations, Maria Anies (maria.anies@hopeforkids.org) for more information.
bottom of page