Planned Gifts: Bequests & Gift Annuities
Your will is a meaningful way to make a charitable gift to The Retreat. Through a bequest, you can designate a specific amount of money, or a percentage of your estate. It is a simple process that begins with contacting your attorney.
The principal benefits of planned gifts accrue to The Retreat at a later time, after your death, or the death of your last named beneficiary. Planned gifts take many forms, providing additional income for you and/or your heirs, reducing income and estate taxes, relieving you and your heirs of complicated financial management responsibilities, and helping to fulfill your personal, humanitarian, and charitable objectives. Planned gifts can be made in cash, real estate, stocks, bonds, personal property, or life insurance.
Bequests by Will
One of the simplest planned gifts is a bequest through your will in which you designate either a specific dollar amount or a percentage of your estate after other disbursements. In addition to supporting The Retreat, it serves as an example to your heirs of the values and ideals you hold dear. A bequest also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
By naming The Retreat as an owner and beneficiary of a life insurance policy, you can take an immediate tax deduction for any accumulated cash value, and a future deduction for any subsequent premiums.
An endowment is a perpetual gift that can be designated for a specific Retreat programs. The original gift remains intact, and the income is used toward the designated area of service. An endowment can be established in memory of a loved one, or a donation can be added to an existing fund that will contribute to your local community indefinitely.