Ways to Give
Legacy Planning
Why It Matters and How It Works
Some people may be interested in making significant gifts to the Child Mind Institute but hesitate in an effort to preserve capital and ensure financial security for themselves and their families.
With a revocable estate gift, your money is available if you need it, and you can still declare your intention to support the organization and be a part of a publicly recognized legacy society. You can do this by deferring your gift until the end of your life and making it through a charitable bequest in your will or as a beneficiary in your retirement plan.
How to Make a Gift
A direct bequest is simple and one of the most popular ways to make a future gift. A bequest is made by stating in your will that some amount of money, particular property, or part of your estate be gifted to the Child Mind Institute. There are many ways to make a bequest gift so that it can fit easily within your other estate provisions:
- With a specific bequest, you can designate a certain property that you want to leave such as shares of a certain stock or a vacation home.
- With a percentage bequest, you can gift some percentage of the remainder of your estate after all other debts and family bequests are honored.
An estate attorney is a useful resource in these matters. Typical bequest language in a will looks like: “I hereby give, devise and bequeath [insert gift] to Child Mind Institute, Inc., Federal EIN 80-0478843, with an address at 101 E. 56th Street, New York, NY 10022.”
To reserve gifts through a retirement account, you can simply log in to your account or contact your account administrator to make the Child Mind Institute one of your beneficiaries.
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