(1) Charitable Remainder Trusts
Strengthen CHES Foundation’s future - and yours!
If you have built a sizeable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments, and each has its own benefits:
· The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
· The uni-trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Next step: Contact Paul Wheatley at pwheatley@CHES.foundation for additional information on giving a gift to CHES Foundation.
(2) Donor-Advised Funds
Another great way to support CHES Foundation!
A donor-advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to CHEHS Foundation and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
Take Action!
1. Visit Your Fund
2. Recommend a grant
3. Impact CHES Foundation
You can also create a lasting legacy by naming CHES Foundation the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations.
Next step: Contact your fund administrator for a beneficiary form.
(3) WILLS
Express your values through the most important document you will ever create.
A will is the most important document you can create. Though often seen as simply a legal document, it is so much more.
Your will is your legacy. It dictates how you will be remembered and can be created to reflect your values. That’s why, no matter your age or wealth status, you should be sure to take time to consider this important document this year.
Use your will to:
· Name a guardian for minor children and dependent adults.
· Dictate how you want your assets to be distributed.
· Ensure your pets are taken care of.
· Reduce the administrative expenses of your estate.
· Make sure your support for the organizations you love, like CHES Foundation, continues.
There’s an easy way for you to continue supporting our work without giving anything today: by including a gift to CHES Foundation in your will.
Advantages of a gift in your will:
Simplicity. As little as one sentence in your will or living trust is all that is needed to complete your gift.
Flexibility. Until your will or trust goes into effect, you are free to alter your plans as needed to reflect life’s changes.
Versatility. You can give a specific item, an amount of money, a gift contingent upon certain events, or a percentage of your estate.
How does it work?
Your estate planning attorney can help you structure a gift so your loved ones will be taken care of first after you’re gone. They will include special language in the will or living trust you create, or add it to existing documents through an amendment called a codicil.
A gift in your estate plan is right for you if:
· You want to make sure your support of CHES Foundation continues after your lifetime.
· You want to balance your generosity to us with an assurance that loved ones are taken care of first.
· You want to maintain the flexibility to change your mind about your gift at any time.
Already have a will?
Great! Make sure it is up to date. It’s a good idea to review your will regularly or when you experience a life event such as a marriage, birth, or move. This makes sure your will accomplishes what you want and takes your current state’s law into consideration.
Next steps
Contact Heather Case at hcase@CHES.foundation for additional information on giving a gift to CHES Foundation.
Notify Heather if you have already given a gift, so we can thank you for your generosity.