Leaving a Legacy
Want to be a part of Friendship Place’s mission, but don’t want to make an immediate financial contribution? Join our Legacy Society!
Our work is made possible by the generous support of our donors, some of whom choose to support Friendship Place through their estate plans. You can make a mark on the lives of the people we help while leaving a lasting legacy.
There are many ways to help:
-
Bequests
We know that providing for loved ones is a priority when you prepare or revise your will. Remember that you can leave any amount or any percentage to Friendship Place. Friendship Place is a 501(c)(3) nonprofit organization. As such, bequests to Friendship Place can reduce the future tax liability for your estate.
-
Retirement Plans
You can name Friendship Place as a beneficiary of a life insurance policy or retirement plan (IRA, Sep IRA, Keogh, 401k, or 403b). Simply request a “change of beneficiary” form from your plan’s administrator. Naming Friendship Place as a beneficiary may reduce future income tax and estate tax liability.
-
Life Insurance Policies
If you have a life insurance policy that you no longer need, you can make Friendship Place the owner and beneficiary of your policy. If so, you may be eligible for a tax deduction for the year you make the gift.
-
Gifts of Stock
You can donate stock to Friendship Place by transferring them directly from your account to ours. We are happy to provide your broker with any information she or he may need to complete the transfer. In addition to being eligible for an income tax deduction for the gift, you may also avoid additional capital gains taxes if the stock has gone up in value since you purchased it.
-
Trusts
Charitable trusts offer a way to support Friendship Place, while still providing income for you, your family, and your heirs. If you’d like to pursue this option, ask your attorney about the best way to create a charitable trust in your name. Depending on the type of trust, you may be entitled to an immediate tax deduction or a reduction in estate tax liability.
If you are interested in making a legacy gift to Friendship Place or have any questions, please fill out this quick form and someone from our staff will be in touch.
Federal Tax ID (EIN): 52-1925494