Planned Giving: Your Giving, Your Legacy
Choosing to make a planned gift is a powerful, and long-lasting way to ensure ChildSavers can continue mission delivery for years to come. Planned gifts can be made in a variety of different ways allowing you to meet your current financial needs, provide for loved ones, and support your philanthropic priorities. If you have decided to include ChildSavers in your estate plans, please let us know so we can celebrate your wonderful generosity.
Bequests
Bequests are the most popular planned giving method which can offer peace of mind knowing you remain in control of your assets. Bequests can include cash, appreciated securities, real estate, or tangible personal property. Your bequest to ChildSavers can be included when drafting a new will, or when added to an existing will or living trust through a codicil. An example of this language could be:
“I hereby give, devise, and bequeath to ChildSavers – Memorial Child Guidance Clinic 200 N 22nd Street Richmond, VA 23223, for its general purposes, (all/fraction/percentage/specific dollar amount) of the rest, residue and remainder of my estate, both real and personal.”
Retirement Plans and IRAs
You can designate ChildSavers as a partial or full beneficiary of a retirement plan or IRA. Like a bequest, this method of planned giving is flexible and allows you to keep the door open to make changes, increasing or decreasing your contribution over time. Naming ChildSavers as a beneficiary of your retirement plan is a simple process of obtaining a beneficiary designation form from your retirement plan administrator and deciding what percentage of your plan you would like to give. If your family is provided for in other ways, this method of giving can achieve significant income and estate tax savings.
Life Insurance
Gifts of life insurance can have an enormous impact as they can often allow you to provide a larger gift than you may be able to with cash during your lifetime. Make a gift of an existing policy, either fully or partially paid, or purchase a new policy. By designating ChildSavers as the beneficiary of your policy, you can once again alleviate some of the tax burden on your family.
Donor Advised Fund
A donor-advised fund (DAF) is like a charitable investment account, for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to virtually any IRS-qualified public charity.
Aside from the initial tax benefits, donors can name ChildSavers as the beneficiary of their DAF to ensure their philanthropic goals and legacy continue. Updating your beneficiary designations can usually be done easily through your DAFs website.
Legal Information
Tax ID Number
The tax ID number for ChildSavers is 54-0505927.
Confirmation of Tax-Exempt Status
Confirmation of ChildSavers’ tax-exempt status is provided in the form of an Internal Revenue Service determination letter. Click here to download.
For information on planned giving opportunities, please contact Nell Nutaitis, Vice President of Development & Communications, at (804) 357-1585 or nnutaitis@childsavers.org.