Planned Giving Options
Including a bequest to The Center in your living will or trust is simple. Your financial advisor can add a clause to your will or trust that ensures a portion of your residual estate—either a fixed amount or a percentage that you choose—will help support The Center in the future.
You can help sustain The Center for years to come by naming us as a beneficiary of your retirement plan, life insurance, or insurance annuity assets.
Special Needs Trust (SNT)
A Special Needs Trust is a designed to allow beneficiaries with disabilities to manage their assets without losing eligibility for SSI or Medicaid benefits. This kind of trust is established to care for individuals with special needs during their lifetime. Many families choose to name The Center as the beneficiary of the trust so that, after a client’s passing, the remainder of the trust would go to support The Center.
Charitable Remainder Trust
A Charitable Remainder Trust is a trust that has two beneficiaries, typically you and a charity you designate to act as a trustee. During your lifetime, or over a period of time that you set, you receive a determined percentage of investment income from the trust. At the time of your death, or at the end of the period you set, the remainder of the trust goes to The Center. Establishing this type of trust can often have significant tax benefits.
Charitable Lead Trust
A Charitable Lead Trust is similar to a Charitable Remainder Trust, but in reverse. With a Charitable Lead Trust, The Center receives a certain percentage of investment income every year. After your death, your designated beneficiary receives the remaining assets. Establishing this type of trust can often have significant tax benefits.
IRA Charitable Rollover
Charitable gifts may be directed from a traditional or Roth IRA to The Center without incurring federal income taxes (certain restrictions apply).
A charitable gift of stocks provides an opportunity for tax savings while supporting The Center. A gift of stock owned for more than one year entitles you to a charitable deduction for the full market value at the time the gift is made. If the stock has appreciated, you also avoid a capital gains tax on the appreciation in value.