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Continuing a Family?s Devotion
From the beginnings of Louisiana, the Villere name appears and reappears, always in the context of commitment and service to the community. The late Ernest C. Villere brought that commitment to The Historic New Orleans Collection, serving as a board member from 1971 to 1986 and actively participating in the acquisition of historical documents that would enrich the institution?s archive. His grandson Sandy, with wife Anne, continues the family?s dedication to The Collection, which he refers to as ?a top-notch organization.? Sandy muses over the story of his father asking Ernest Villere if he would prefer to leave the family?s investment firm to work full time at The Collection. It is not difficult for the grandson to understand his grandfather?s passion for the institution that ?has so much to offer.?
Both raised in New Orleans, Sandy and Anne met in high school at Isidore Newman. While they each left the city for a time?Sandy to attend Southern Methodist University in Dallas and to work in New York City and Anne to study history at the
University of Georgia and to work in Atlanta?they?ve chosen to settle in New Orleans to raise their growing family.
After Sandy?s memorable proposal on an airplane traveling from New Orleans to New York, the couple purchased their first home in the university section. In 2002 they	and Sandy Villere with daughter
Marianne and dog Max
became new parents, welcom-
ing daughter Marianne, who now awaits the arrival of a younger sibling due in February. Sandy and Anne are dedicated to continuing their family?s commitment to giving. By supporting The Historic New Orleans Collection, they feel they are continuing a legacy and starting their own. In their words, ?it is such a wonderful place. We want everyone to know about it.?
The Benefits of
Giving Through Life Insurance
Third in a series on planned giving
While life insurance can help provide security for your loved ones, it can also serve as a vehicle for supporting your favorite charitable organization. There are several easy ways to use life insurance for charitable purposes:
?	Make a direct gift of a policy no longer needed for family protection, in which case you will generally be entitled to an income tax deduction equal to the cash value of the gift.
?	Transfer a paid-up policy to a charity as both owner and beneficiary, in which case you will generally be entitled to an income tax charitable deduction equal to the replacement cost of the policy.
?	Name the charity as the policy?s irrevocable owner and beneficiary and continue to pay the premiums. You will be entitled to a charitable deduction equal to the approximate cash value of the policy at the time the gift is made. In addition, you will be allowed to deduct any future premium payments as charitable contributions.
?	Name the charity as beneficiary. If you continue to own the policy, no charitable deduction is available. However, the proceeds payable under the policy will generate an estate tax charitable deduction for your estate following your death. This deduction will offset the inclusion of the proceeds in your estate.
? Use life insurance as a ?replacement asset.? You may give appreciated property to the charity outright?or you may fund a life income arrangement, replacing the dollar value of the property with life insurance for your loved ones. In a life income arrangement, the income payments plus the tax savings from your gift are often sufficient to cover the cost of replacement insurance. Furthermore, the insurance proceeds can be paid outside of your estate.
For more information about charitable giving through life insurance or other forms of planned giving, please call jack Pruitt, Jr., director of development, (504) 598-7173. The following materials are provided free of charge:
?	Giving Through Life Insurance
?	Giving Through Charitable Remainder Trusts
?	Giving Through Your Will
?	Giving Securities
?	Giving Real Estate
?	Giving Through Retirement Plans
?	Giving Through Gift Annuities
All inquiries are held in strictest confidence and without obligation. The Historic New Orleans Collection does not offer legal or tax advice. We encourage you to consult your legal andfinancial advisors for structuring a gift plan that achieves your giving intentions and meets your particular financial circumstances.
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