Joie Hubbert and Mary Greer were a committed couple for over 37 years. To honor both their relationship and their longtime commitment to the LGBT community, Ms Hubbert chose to provide funds to several organizations in whose work she believed through her estate planning. Her plan established a testamentary donor-advised fund, and when she passed away from pancreatic cancer in 2006, proceeds from an IRA were gifted into what she named the Joie B. Hubbert and Mary C. Greer Testamentary Donor Advised Fund at Horizons Foundation.
A simple means to achieve multiple goals
Because Joie wanted to support a number of nonprofits with her estate. a testamentary donor-advised fund turned out to be a simple and efficient way to do so. A testamentary DAF is simply a donor-advised fund that is funded by a gift from the donor’s estate. Using an IRA also made good sense, as charitable estate gifts out of IRAs can be distributed separately from the estate and are 100% tax-deductible.
Prior to her death, Joie recommended that proceeds from the IRA be granted by Horizons to five different organizations in equal proportions. We were truly honored on behalf of Joie and Mary to make significant grants from their fund to National Center for Lesbian Rights, Openhouse, Lambda Legal Defense, Smuin Ballet, and Horizons Foundation. These nonprofits reflected the range of causes to which she and Mary had been dedicated, and their estate became a profound testimony to the lives they lived and values by which they lived.
We thank our community organizations for the extraordinary work the do – and for helping make it possible for the dreams of Joie and Mary to live on.