Through Legacy gifts, you can ensure that your philanthropy continues well into the future.
Legacy gifts include, but are not limited to, you:
- Making a bequest, or providing for an endowed gift, in your will or trust
- Naming Healing Reins as a beneficiary on your IRA or life insurance policy
You may make a bequest to Healing Reins in your will or revocable trust. The bequest can be a gift of cash, securities, other assets, or a percentage of your estate’s residual. You may make the gift undesignated, in which case it will be applied to Healing Reins’ area of greatest need. Or you may designate the gift for a specific purpose. After your lifetime, Healing Reins receives the gift and uses it as you specified.
Named beneficiary – IRA gift
You may name Healing Reins as the beneficiary of your IRA, 401(k), 403(b), or other qualified retirement plan. After your lifetime, your retirement plan residual is passed to Healing Reins tax-free.
Named beneficiary – Life Insurance gift
By naming Healing Reins as the beneficiary on your life insurance policy, proceeds will be paid after your lifetime as per your designation. You can receive a tax deduction for your gift.
Many other vehicles are available for planned giving, including gift annuities. The concept of gift annuities is this:
You donate an asset to a non-profit; the non-profit invests the asset and makes fixed payments to you or your beneficiary. When the agreement ends, the funds benefit the non-profit.
For assistance with planned giving and Legacy gifts, we encourage you to work with an attorney with specialization in estate planning.