There are many types of planned gifts. Each one serve a purpose in a family’s financial plan and philanthropy. Specific questions about these opportunities and whether one would be a good fit for your family should be discussed with your financial planner or accountant.
Two of the most common and easiest ways to make a planned gift are a bequest or the gift of life insurance.
A Bequest gift will ensure that the programs and services we offer will be available for future generations. Your gift can be designated to the program of your choice or “where the need is greatest”.
A bequest creates a lasting family legacy while ensuring a federal tax exemption for the amount of the gift. Bequests can include cash, securities, tangible property, and all or part of the residue of an estate.
Just a few sentences in your will or trust are all that is needed. Share the sample bequest language with your estate planning attorney:
“I give, devise and bequeath to St. Augustine Society, Inc./St. Francis House, a non-profit corporation organized under the laws of the State of Florida and located in St. Augustine, Florida, the sum of {dollar amount}/or percentage of {%}/or residue of my estate. ”
Upon completion of the will naming St. Augustine Society, Inc./St. Francis House as a beneficiary, we ask that you send a copy of the relevant pages/ sections of the will showing the naming of St. Augustine Society, Inc./St. Francis House as a beneficiary.
Gifts of life insurance allow donors to make more substantial contributions than might otherwise be possible. Gifts of new or existing whole life policies offer immediate tax deductions when St. Francis House is named both the owner and beneficiary. And the death benefit is not subject to estate or income taxes.
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