Planned Giving Program
Planned gifts are typically intended to leave a legacy by the donor. While they can be gifts of cash or securities, more typically planned gifts are in the form of will bequests, insurance policies, and gift annuities.
The essential part of a planned gift to Twilight Wish Foundation transcends the method of giving. The intent behind the gift is the determination to make America a better place to age one wish at a time.
Some feel that planned giving is only for the wealthy, but anyone can enhance their capacity to give by careful consultation. The donor can gain significant benefits by gift planning including making gifts that pay income for life. The donor can also pass property directly to heirs without passing through and being taxed as part of an estate.
Estate Giving
Through Your Will
A current will provides the donor with the opportunity to distribute his or her estate assets according to predetermined wishes. It offers a final expression of the donor's values to his or her heirs; a chance to address heirs' special needs; and the occasion to make a gift or gifts to individuals or charitable organizations like the Twilight Wish Foundation that have touched the donor's life.
For donors with children or relatives that they would like to make provision for, a will is indispensable. Similarly if the donor wishes to leave a legacy for a charity, a will is required. A will should be prepared by an attorney and signed by the person or people creating it, and the signature(s) witnessed by two people who are not beneficiaries validating that it is the will of the person or people signing it.
A will is revocable at any time until the donor's death. The advantage of designating a gift to charity by bequest is that the donor has use of those assets or income until the will is final. Legal bequest language for the Twilight Wish Foundation is:
"I, [name], of [city, state, zip code] give, devise and bequeath to the Twilight Wish Foundation, Doylestown, PA [written amount or percentage of the estate or description of property or "rest, residue and remainder of my estate"] for its general purposes (or for the particular purposes the donor designates)."
Estate Giving
Using Life Insurance, IRAs, Pensions & Profit-Sharing Accounts
When IRA assets are given through an estate, the value is included in the estate's assets, but the full charitable deduction offsets the value so no estate tax is due. If IRA assets are left to heirs, they can be subject not only to estate tax, but also income tax, taking a significant portion of the IRA's value. The Pension Protection Act of 2006 also provides an exclusion from gross income for distributions to charities of up to $100,000 from a traditional IRA or Roth IRA, which would otherwise be included in income.
A gift of your life insurance policy is often a forgotten option in leaving a legacy. By simply listing the Twilight Wish Foundation as a full or partial beneficiary of your policy, your gift can directly benefit the foundation quickly and avoid the lengthy estate probate process.
Gifts of Appreciated Assets or Property
Stocks or Bonds
Donating appreciated securities eliminates capital gains taxes at the time the gift is made or the trust is established, and the charitable deduction for the donation in calculated from the full market value of the stock. Please contact the Twilight Wish Foundation office for stock transfer information at 215-230-8777, ext. 102.
Donor inquiries regarding planned gifts are invited. Please contact Cass Forkin, Founder and Executive Director of Twilight Wish Foundation for stock transfer information. She can be reached at 215-230-8777, ext. 101.
