Planned Giving Donation

A bequest is the act of bestowing assets such as stocks, bonds, cash, and real estate to individuals or organizations, through the provisions of a will or an estate plan. A bequest is a simple way to make a significant gift to the Center that will ensure your lasting legacy while supporting our vital mission.

Benefits of a Bequest

• Ensures that your values and impact endure, serving as a testament to your generosity and compassion
• May reduce tax obligations for both you and your family
• Optimizes the distribution of your wealth and the impact of your assets, while supporting a cause dear to your heart

Some Sample Bequest Statements

Below are sample statements that you might give to your lawyer to make a bequest to the Center for Senior Wellbeing:

• Specific Bequest: " I __________, give to the Center for Senior Wellbeing, California (Tax ID 953389263) the sum of $__________, for its general purposes."
• Residuary Bequest: ("Residue" is a term to describe the portion of your estate that remains after all debts, expenses and specific bequests to others have first been fulfilled) "I __________, give all the rest, residue and remainder of my estate to the Center for Senior Wellbeing, California (Tax ID 953389263) for its general purposes."
• Real Estate: "I__________, leave to the Center for Senior Wellbeing, California (Tax ID 953389263) the real property described as follows:" ... OR ... "I direct my Executor / Personal Representative to sell the real property described below and distribute the proceeds to the Center for Senior Wellbeing, California (Tax ID 953389263) for its general purposes."

You can make a charitable gift directly from your IRA (Individual Retirement Account) if you are seventy and a half years or older. An IRA charitable rollover is a streamlined way for you to support the good works of the Center, while also enjoying financial benefits of your own.

Benefits of an IRA Charitable Rollover

1. Reduces your overall tax liability because gifts up to $100,000 (annually) are not considered taxable income and may qualify for the required minimum distribution (RMD).
2. Maximizes the effectiveness of your philanthropy by allowing you to make a substantial charitable gift while remaining
3. IRA-compliant and without encountering deduction limits

Incorporating a charitable gift annuity into your financial strategy provides dual benefits ‒ offering crucial support to a charity of your choosing, while securing life-long income for you or your designated annuitant. A charitable gift annuity is an excellent way to realize financial benefits, and at the same time, support the Center’s programs and services.

Benefits of a Charitable Gift Annuity

1. Receive fixed payments for life, providing financial security to you or your designated annuitant
2. Receive an income tax deduction for the charitable gift portion of the annuity, while potentially benefitting from taxfree payments
3. Directly supports the Centers mission and goals, while benefitting you financially

A beneficiary designation gift allows you to name a charity as the beneficiary of a retirement, investment, bank account, or life insurance policy. Designating the Center for Senior Wellbeing as the beneficiary of your retirement assets, offers a straightforward and impactful way to support the Foundation and further a worthy cause.

Benefits of a Designation Gift

1. Allows you to streamline your planning process and guarantees that your retirement assets support causes you feel strongly about
2. Potentially reduces estate tax obligations while providing tax-advantaged assets to your heirs

A give-it-twice trust is a type of charitable remainder unitrust that allows you to transfer retirement assets upon death to loved ones for either a set percentage of their lifetimes or up to 20 years. After that, the balance of the trust can be distributed to a charity of your choice. If you want a strategic way to provide your loved ones with a steady income, while at the same time making a meaningful contribution to the Center, a give-it-twice trust is the ideal solution.

Benefits of a Give-It-Twice Trust

1. Use the full value of your retirement assets to provide income to your surviving spouse and family, before directing the remaining balance to a charitable cause
2. Receive an estate tax deduction while facilitating the distribution of assets in accordance with your wishes