Endowment or Area of Greatest Need
An estate gift can help build a permanent endowment for Seniors’ Resource Center, or it can be used in the area of greatest need. We warmly embrace both options.
Gifts to the endowment are invested in perpetuity. Earnings from these investments are then made available annually to support such programs as our Adult Day & Respite Services, In Home Care Services, Mental Health Outreach, and our Transportation programs. Gifts to the endowment create a permanent legacy of support.
If you so choose, your estate gift can be designated as ‘unrestricted’ or for ‘general purposes,’ enabling Seniors’ Resource Center to use it in the area(s) of greatest need. This option allows our board and senior management team to determine the most strategic way to apply your gift.
Variety of Gift Options
Outright Gift – Some people prefer to make a current donation to the Seniors’ Resource Center endowment fund. Typically, gifts of cash or appreciated assets are most appropriate.
Charitable Bequest – By naming Seniors’ Resource Center in your Will or Living Trust, you create a gift today that we will receive when your estate is settled.
IRA or Retirement Plan – You can name Seniors’ Resource Center as a beneficiary of your IRA or company retirement plan. To include us, simply request a “beneficiary change” form from your IRA custodian or Human Resources Department, complete the form, and return it according to the instructions provided.
Life Insurance – You can name Seniors’ Resource Center as the beneficiary of a new or existing life insurance policy. To include us, simply request a “beneficiary change” form from your life insurance company, complete the form, and return it
according to the instructions provided.
Charitable Gift Annuity – A gift annuity is a simple contract in which Seniors’ Resource Center agrees to pay you (and/or another person, if preferred) an income for life, in exchange for a gift you make today.
Charitable Remainder Trust – In the right situation, a charitable remainder trust can provide powerful financial, tax, and estate planning benefits. You donate assets into trust for the eventual benefit of Seniors’ Resource Center. In the interim, the trust pays income to you and/or your designated income beneficiaries.
Charitable Lead Trust – Most commonly, a charitable lead trust will provide support to Seniors’ Resource Center for a period of time, before eventually transferring assets to your heirs with little or no tax.
Retained Life Estate – You can donate a residence to Seniors’ Resource Center and still retain the right to live there for the rest of your life. Typically, these gifts provide a generous charitable income tax deduction.
For more information about any of these gifts, please contact Nancy Hiester at email@example.com or 303.235.6903.