If you feel we have touched your life, or that of someone you love, please consider a legacy gift as an investment in our future growth.
As a nonprofit organization, we continually face the challenge of long-term financial stability and sustainability. Most people who give, do so by giving cash or writing a check. But there are many other ways to support LIFE ElderCare’s programs, such as giving stocks or naming LIFE ElderCare in your will or other estate planning documents. Some of these options may benefit you as well, through tax savings for you and/or your heirs.
Your Will
One of the simplest ways of making a gift to LIFE ElderCare is through a bequest in your will or other estate planning documents. There are different types of bequests: Specific Bequests, Residuary Bequests, and Contingent Bequests.
A Specific Bequest is an outright gift of money, stocks or bonds, land, tangible personal property or other assets.
In a Residuary Bequest, the donor leaves all or part of the balance of the estate to a beneficiary after all the specific bequests have been satisfied.
A Contingent Bequest provides for the disposition of the estate if one or more of the named beneficiaries fail to survive the donor. It can be used in conjunction with a specific bequest or a residuary bequest.
Click here for suggested wording to use in your will.
Gifts of Stocks
If you are interested in giving stocks to LIFE ElderCare talk to your financial advisor about how much you want to give and the timing of your gift. Your advisor can help you determine what stocks are best and make the transfer for you.
Other planned giving options include:
Retirement accounts or life insurance policies
Charitable Remainder Trusts and Charitable Lead Trusts
Life Income Plans
Gifts of Real Estate
Living Trusts
Gift Annuities
Legacy gifts can help us achieve long-term financial growth, stability and sustainability. For more information, please contact Mary Anderson, Executive Director at LIFE ElderCare.
Please Note: LIFE ElderCare is not engaged in rendering legal or tax advisory services. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained.
