For more information than what follows, please reach out to Nikki LaFaye, Director of Philanthropy (email: email@example.com).
Plan for your future while helping plan for the future of Carver kids. We are here to help you consider strategies to meet your financial needs while also making a lasting impact in the lives of Carver students. Planning a gift may be as simple as completing a single-page form or it may involve a multi-step approach. We hope this introductory information can help you achieve your financial goals as you seek to provide for your loved ones and support the work of Carver. Carver's assistance is provided for educational purposes only and is not meant to be a substitute for professional legal or financial advice. Please seek the assistance of qualified counselors in the areas of estate, gift, and tax planning.
Donors might find that the easiest way to make a substantial future gift to the Craver Foundation of Norwalk is to make a bequest in their will. There are many different kinds of bequests. With each, the entire value of the bequest is eligible for a charitable deduction against their estate taxes.
Sample Bequest Language
(To leave a specific dollar amount or percentage of the estate)
I give to the Craver Foundation of Norwalk, Inc., a charitable organization located in Norwalk, CT, the sum of $______ (or ___% of my estate; or the property described herein) for its general purposes."
(To leave the remainder of your estate after all other disbursements have been made)
"All the rest, residue, and remainder of my estate, both real and personal, I give to the Carver Foundation of Norwalk, Inc., a charitable organization located in Norwalk, CT, to be used for its general purposes."
Stocks, Securities & Real Estate
Popular alternatives to cash are gifts of appreciated property such as marketable securities (stocks and/or bonds) and real estate. These type of gifts can provide even greater tax benefits to you, the donor, than an equivalent gift of cash, especially when the appreciated property being donated has been held long-term (more than a year) and has increased in value over basis (the value at the time the property was acquired by the donor).
Most people own some form of life insurance either through their employer or through a personal or family plan. Life insurance is popular because of its unique ability to meet a variety of needs for financial protection. A donor can name the Carver Foundation of Norwalk as the primary or successor beneficiary of a life insurance policy. When the proceeds are paid to Carver, the donor's estate may be allowed an estate-tax charitable deduction. You can also assign ownership of a paid-up policy to the Carver Foundation of Norwalk.
Retirement Plan Proceeds
Another way to leave a significant gift to Carver to help secure the future is to name Carver as beneficiary to part or all of your retirement plan benefits. This can be done with an IRA, Roth IRA, 401 (k) plan or employer sponsored pension plan. For more information on the deductibility of charitable contributions for the current tax year, please visit the IRS web site at www.irs.gov.