The Arkansas Charitable Gift Planning Counsel reports that for every 100 people in Arkansas, more than 70 make charitable contributions on an annual basis. But this generosity usually ends when life ends, as less than 6 of the same 100 people leave a charitable bequest when they die. What causes this drastic drop? Many experts in the field of planned giving believe it’s a lack of awareness, not interest, in planned gifts that causes supporters to not give to a charity beyond their lifetimes.
Your stage in life, your financial circumstances and your charitable goals all affect when and how you make gifts. Because your decision to support the EOA Children’s House mission is the result of much consideration, we want to insure your charitable goals and desires are satisfied.
EOA has provided for the future growth and needs of EOA Children’s House by establishing two endowment funds; one to support the operations, education and therapies the children will need to overcome the trauma of abuse and the other to support the maintenance and upkeep of The Pat Walker Center for Children. Your planned gift can be designated to help grow one of these two endowments, or create another fund in support of our work in healing abused children. Every gift, large or small, is vitally important. Don’t miss the opportunity to create a legacy which will help future generations of children be spared the pain of growing up with the physical and mental scars caused by abuse and neglect!
Where to Begin? Popular Plans to Meet Future Needs:
Effective methods for making planned gifts take many forms, such as a bequest through your will, life insurance, CRT or a lead trust. Remember, always seek the advice of your attorney before committing to a planned gift, no matter which method you choose. Here is an overview of three of the most popular and simple techniques:
Giving During Your Lifetime. Gifts of Stocks and Securities:
Planned gifts are not always a part of a person’s will or estate plan. Gifts of stock or other kinds of securities are simple to transfer to EOA Children’s House and have some significant short and long-term tax benefits. To learn more about how to donate stocks and securities, we have created a form that clearly explains the process and its advantages in Microsoft Word for PDF format. We also have a donation form you can download in Word or PDF format, fill out and return to us. All information is kept completely confidential.
Leaving a Gift to EOA Children’s House in Your Will:
If you plan to make a charitable gift by will, please think it through carefully. Then, meet with your attorney to discuss and update your will. Tell him or her exactly what you want to do. Be as clear as possible in describing what you want conveyed to whom. (Learn more!)
It is very helpful for a charity to know you plan to support them through your will, most importantly, that we will have the opportunity to thank you for your generosity. Downloading the EOA Children’s House Record of Estate Intention and sending it to our offices allows us the chance to do just that. Information concerning your gift will be kept in strict confidence at your request. Cick here to download the document.
Recommended Bequest Language for EOA Children’s House:
Using the correct wording in your will can mean all the difference between a great act of generosity or a legal nightmare for your heirs, a charity and the adminisrator(s) of your estate. We have provided some sample phrases in Word and PDF formats to use when making your gift!
Gifts of Retirement Plan Assets:
Like many people, you are probably aware that the accumulation of assets in your retirement plan is the basis for a financially secure future. To preserve your retirement assets after your lifetime, consider the benefits of using them in a totally different way!
Gifts of Life Insurance:
When you first bought a life insurance policy, you probably purchased it as a way to ensure your family’s financial future should something happen to you, or your spouse. Have your circumstances changed since then?
Annual giving is a primary source of funding for many charitable organizations, like EOA Children’s House. Yet when a person dies, so do his or her annual gifts. There are numerous ways in which you can endow your annual gift to EOA Children’s House, many of which will not even affect, or can even increase what you can then pass on to your heirs. Establishing an endowment involves making a bequest, or creating one of several types of charitable trusts, of an amount whose earnings create a gift or current use each year for an indefinite period of time.
Other Kinds of Planned Gifts:
There are many other ways to make a gift to EOA Children’s House beyond your lifetime. A Charitable Remainder Trust (CRT), Charitable Lead Trust (CLT), and Life Estates are just a few of many ways you can make a difference for EOA Children’s House. Please contact EOA’s Development Office to learn more about these options at no cost or obligation to you – firstname.lastname@example.org or 479-872-7479 ext 221.