Planned Gifts / Bequests
Get A Life... has a history of excellent service to our community. To continue quality services, new sources of funding are vital to meet today's and tomorrow's needs.
Planned gifts may provide income and estate tax benefits to the donor. Your attorney, banker, accountant, insurance agent or financial planner can advise and help with arrangements. To discuss planned giving opportunities, please contact the development director at (310) 837-7762 or info@getalifechildcare.org. We would appreciate knowing if you have arranged for a planned gift.
More Information
- Wills or Estate Plans
- Life Income Plans (Charitable remainder trusts)
- Charitable Gift Annuities
- Insurance
- Retirement Assets
To remember Get A Life... Childcare in your will or estate plan, the following wording is suggested:
"I give to Get A Life... Childcare the sum of _____ dollars ($____). This bequest is unrestricted and the Board of Directors or other governing body may use and expend the same for the benefit of the Get A Life... Childcare in any manner it deems appropriate."
Life income plans, including charitable remainder trusts, can be effective ways of providing gifts for Get A Life... Childcare while also allowing for an income stream for the donor. Transfer assets to a trust and receive income for yourself (and a secondary beneficiary, if you desire) during your lifetime. You also receive a charitable deduction in the year in which the irrevocable gift is made and the trust is established. Upon death of the beneficiaries, the remainder of the assets reverts to Get A Life... Childcare
A charitable gift annuity is an agreement in which the donor gives assets (cash or securities), for which the donor receives fixed income payments for life. The payment rates are based on the donor's age and typically range from 6% to 9%. An immediate income tax deduction is provided for the value of the gift and part of the payment is tax-free. At the death of the annuitant, the gift is used by Get A Life... Childcare to provide services.
A gift of insurance can take several forms:
- Life insurance which was purchased to protect a mortgage or cover college tuition may no longer be needed. Donate the policy to Get A Life... Childcare and you may claim a charitable deduction for approximately the policy's cash surrender value.
- Purchase a new policy and name Get A Life... Childcare as the owner and beneficiary. Premiums paid in the future are deductible as cash contributions.
- Name Get A Life... Childcare as the owner and beneficiary. Premiums paid in the future are deductible as cash contributions.
- Name Get A Life... Childcare as the primary or secondary beneficiary for an existing policy.
Retirement Plans often include assets which have been increasing in value tax-free. Gifts of your IRA, 401(k) or Keogh plan may benefit Get A Life... Childcare plus save heirs from tax burdens. Retirement plan assets which are bequeathed to Get A Life... Childcare will not be taxed. Another option is to establish a charitable trust with retirement assets. The trust can provide life income to the beneficiary, and the assets which remain in the trust will be distributed to Get A Life... Childcare.
