Charitable bequests allow you to contribute to Children's Therapy Center without giving away assets you may need during your lifetime. We can provide your legal advisor and you with language to include in your will that ensures your wishes will be fulfilled. As with any gift, you can designate a program to support or you can make an unrestricted bequest and allow us to determine the area of greatest need for support.
Please inform us of your bequest so we can assure you that your gift is properly structured and will be used according to your wishes.
Types or examples of bequests include cash and real property, retirement plan assets, and income producing gift plans.
Cash and Real Property
In your will, you can designate Children's Therapy Center as the beneficiary of either a specific gift or a bequest that is a fixed percentage of your estate.
- You can bequeath securities, real estate, or other property.
- You can make your gift contingent on other conditions of the will being fulfilled before Children's Therapy Center receives a gift.
- You can bequeath the assets that remain after other bequests are met. Your estate receives the benefit of freedom from federal estate taxes for the full value of the gift.
If your life changes, you can alter a bequest at any time by signing a new will or amending your will or trust.
Retirement Plan Assets
Assets you hold in individual retirement accounts, such as IRA's or Keoghs, can be bequeathed to Children's Therapy Center. The advantage of bequeathing such retirement assets to a charitable institution is that the legacy escapes both deferred income tax and estate tax that come due if the assets are transferred to individuals.
For more information, please contact Steve Wright, Chief Development Officer, at firstname.lastname@example.org.