Planned Giving Options
There are a number of ways to create your own legacy with a charitable planned gift to CASA of Lane County:*
- Charitable Remainder Trust
- Charitable Gift Annuity
- Gift of IRA, retirement account assets
You can make a bequest at any age by:
- Making a simple addition (codicil) to your existing will
- Writing a new will
- Naming CASA of Lane County as the beneficiary of your IRA, retirement account or life insurance policy
You can choose to give a:
- Specific dollar amount
- Percentage of your estate
- Specific asset
- Remainder after distributions to other beneficiaries
*It is always a good idea to seek the assistance from a knowledgeable attorney and/or your tax advisor.
Planned Gift Benefits
Leaving a gift CASA of Lane County is a way to leave a legacy to support things that are important to you after your death. In addition, you may accrue these additional benefits:
- Tax savings
- Increase in spendable income
- Income for other individuals you name
- Solutions for estate–giving and tax issues; for example:
- a bequest saves your family from high estate taxes: you are able to take an estate tax deduction of 100% of the value of the gift
- a bequest of retirement plan assets passes to charities free of estate and income taxes and can reduce the value of your estate and ensure that more funding goes to support charity work
Bequests are easy to arrange and are flexible; that is, they can be modified—even revoked—if circumstances or needs change. Best of all, your current lifestyle will not be affected in any way.
Setting Up a Bequest
Unless you specify otherwise, your legacy gift will be invested in CASA of Lane County’s endowment fund that is held in partnership with the Oregon Community Foundation. You can alternatively choose to direct your bequest to provide immediate program support, for example, giving more children who have been abused or neglected the powerful voice of a Court Appointed Special Advocate. Choosing a combination of the two is also an option.
Following is suggested language as you work with your attorney on your bequest to CASA:
Sample Bequest Language
I give, devise and bequeath _____________ (a specific dollar amount or percentage of the residue of my estate) to CASA of Lane County, fully incorporated under the laws of the State of Oregon. I direct this gift to be used to support CASA of Lane County’s _____________ (specify general programs or endowment or a combination of both) where the need is greatest.
Bequest to OCF / CASA of Lane County Endowment Fund:
I give, devise and bequeath __________________ (describe assets which are the subject of the bequest, for example, a stated sum or the residue of the estate or a percentage of the residue of the estate) to the CASA of Lane County Endowment Fund of The Oregon Community Foundation, Portland, Oregon, tax ID# 23-7315673, an Oregon nonprofit corporation (“OCF”).
Giving Through IRA / Retirement Plans
You may name CASA of Lane County as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts. Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify CASA of Lane County.
Naming CASA of Lane County as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming CASA of Lane County as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support CASA of Lane County free of both estate and income taxes.
We would love to know if you have chosen to leave a legacy gift to us. Thank you for ensuring a voice for generations to come.
Email Michele Morgan, Director of Development, or call her at (458) 895-1026.