Planned Giving to NAMI Santa Cruz County
Your gift will help to sustain and grow essential mental health services now and in the future
|
Many individuals and families have a very personal connection with NAMI Santa Cruz County because of the ways that mental illness has affected our own lives and the lives of people who are important to us. NAMI provides a wealth of knowledge, skills, support and friendship through both formal programs and informal networks.
Planned giving provides an additional source of funds so that the programs and services that NAMI provides here in Santa Cruz County will continue to be available in the future. A planned gift is one that you make by way of a will, beneficiary designation, charitable trust or charitable gift annuity. There may be tax benefits to you now or to your estate in the future depending on the type of gift that you make. |
|
Have questions about making a gift? Contact Danu Schoeck, Development Director, at [email protected].
What to Give
Cash: It is a simple and always a great way to give to NAMI Santa Cruz County.
Stocks/Bonds/Mutual Funds: Gifting these assets to NAMI Santa Cruz County avoids capital gains taxes for your survivors.
Retirement Assets: By designating our charity as the beneficiary of all or part of your IRA, 401(k), 403(b), pension or other tax deferred plan (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
Insurance: Consider a gift of an insurance policy that is no longer needed or will no longer benefit your survivors.
Land/Real Estate: A gift of real property (home, vacation property, vacant land, farmland/ranch or commercial property) can be a valuable gift to NAMI Santa Cruz County.
Cash: It is a simple and always a great way to give to NAMI Santa Cruz County.
Stocks/Bonds/Mutual Funds: Gifting these assets to NAMI Santa Cruz County avoids capital gains taxes for your survivors.
Retirement Assets: By designating our charity as the beneficiary of all or part of your IRA, 401(k), 403(b), pension or other tax deferred plan (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
Insurance: Consider a gift of an insurance policy that is no longer needed or will no longer benefit your survivors.
Land/Real Estate: A gift of real property (home, vacation property, vacant land, farmland/ranch or commercial property) can be a valuable gift to NAMI Santa Cruz County.
How to Give
Beneficiary Designation
A simple way to give a future gift to NAMI-SCC is to place a beneficiary designation on any financial asset (bank account, retirement account, brokerage account, mutual fund account, annuity, insurance policy, etc.) indicating how the funds should be distributed at your death. Consider naming NAMI Santa Cruz County as a beneficiary, partial beneficiary or contingent beneficiary on one or more of your financial assets. You can obtain the form to designate NAMI Santa Cruz from your financial institution.
Example of an IRA beneficiary designation with NAMI Santa Cruz County as a partial beneficiary:
45% to John Doe, son
45% to Mary Doe, daughter
10% to NAMI Santa Cruz County
Bequest
A bequest is an easy way to make a future gift to NAMI Santa Cruz County. With the help of an advisor such as your attorney, you can include language in your will or trust specifying a gift to NAMI Santa Cruz County as part. You may bequeath a specific asset, a dollar amount, a percentage of your estate or the remainder of your estate after all other gifts have been distributed of your estate plan.
Examples of a Bequest:
Bequest of cash
“I bequeath the sum of $10,000 to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Bequest of a percent of the estate
“I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Contingent Bequest
“If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Charitable Trusts
There are various types of charitable trusts (Charitable Lead Trust, Charitable Remainder Trust) that structure a gift to NAMI Santa Cruz County that may also provide a charitable tax deduction, reduction of income/estate tax, and income to the donor (or a beneficiary) over his/her lifetime. Consult your attorney and tax advisor to discuss a charitable trust.
Charitable Gift Annuity
A charitable gift annuity allows you to make a gift of cash or property to NAMI Santa Cruz County, get immediate tax benefits and ensure that you or another beneficiary receive fixed quarterly or annual income payments for life. Charitable gift annuities can be structured through the Community Foundation.
Beneficiary Designation
A simple way to give a future gift to NAMI-SCC is to place a beneficiary designation on any financial asset (bank account, retirement account, brokerage account, mutual fund account, annuity, insurance policy, etc.) indicating how the funds should be distributed at your death. Consider naming NAMI Santa Cruz County as a beneficiary, partial beneficiary or contingent beneficiary on one or more of your financial assets. You can obtain the form to designate NAMI Santa Cruz from your financial institution.
Example of an IRA beneficiary designation with NAMI Santa Cruz County as a partial beneficiary:
45% to John Doe, son
45% to Mary Doe, daughter
10% to NAMI Santa Cruz County
Bequest
A bequest is an easy way to make a future gift to NAMI Santa Cruz County. With the help of an advisor such as your attorney, you can include language in your will or trust specifying a gift to NAMI Santa Cruz County as part. You may bequeath a specific asset, a dollar amount, a percentage of your estate or the remainder of your estate after all other gifts have been distributed of your estate plan.
Examples of a Bequest:
Bequest of cash
“I bequeath the sum of $10,000 to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Bequest of a percent of the estate
“I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Contingent Bequest
“If my brother John Doe survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to John Doe. If John Doe does not survive me, then I devise and bequeath 20% of my residuary estate, whether real or personal property and wherever located to NAMI Santa Cruz County, EIN 77-0002878, a California nonprofit corporation in Santa Cruz, CA.”
Charitable Trusts
There are various types of charitable trusts (Charitable Lead Trust, Charitable Remainder Trust) that structure a gift to NAMI Santa Cruz County that may also provide a charitable tax deduction, reduction of income/estate tax, and income to the donor (or a beneficiary) over his/her lifetime. Consult your attorney and tax advisor to discuss a charitable trust.
Charitable Gift Annuity
A charitable gift annuity allows you to make a gift of cash or property to NAMI Santa Cruz County, get immediate tax benefits and ensure that you or another beneficiary receive fixed quarterly or annual income payments for life. Charitable gift annuities can be structured through the Community Foundation.
We are here to help you with your gift! Contact Danu Schoeck, Development Director, at [email protected].
