Leaving a Legacy Legacy gifts through The Unicorn Children’s Foundation, Inc. give a donor the opportunity to make a larger charitable donation, while providing a stable funding source for The Unicorn Children’s Foundation, Inc.
You have many options to choose from, some of which might enhance your immediate financial security and/or that of your loved ones.
You may want to consider the following:
Bequests: A bequest is a gift a made through your will that directs the estate’s personal representative or trustee to make a gift from your assets to The Unicorn Children’s Foundation after you die. Bequests may be used to provide gifts of money, stocks, real estate, or other property such as art or jewelry.
Endowment Legacies: Endowments are named gifts that are invested in perpetuity. The annual interest income from an endowment then supports specific programs and needs at The Unicorn Children’s Foundation, Inc. Endowments are established through outright gifts, a will, insurance or retirement policies, trusts and other planned gifts.
Charitable Remainder Trusts: Charitable remainder trusts allow you to transfer assets into an irrevocable trust that will provide you and or your beneficiaries with fixed percentage payments for life, or for a set period of time. Upon termination of the trust, the remaining assets are distributed to The Unicorn Children’s Foundation, Inc. to be used for the purpose specified by the donor.
Charitable Annuity Trust: With a charitable annuity trust, the donor transfers assets to The Unicorn Children’s Foundation, Inc. in exchange for a guaranteed, fixed annuity payment to themselves or another beneficiary for life. Upon the death of the donor, The Unicorn Children’s Foundation, Inc. receives the full amount of the initial gift to use as specified in the agreement.
Life Insurance: The gift of a life insurance policy can be a great way to combine charitable objectives with tax advantages to the donor. This is possible because donors may receive an income tax deduction by naming The Unicorn Children’s Foundation, Inc. as a partial beneficiary or owner of a life insurance policy.
Real Estate: Real Estate may be given outright, used to fund a charitable reminder trust, or given as a life estate (see below)
Life Estate Agreements: In a life estate agreement, the donor transfers the title of his or her real property to The Unicorn Children’s Foundation, Inc. In return, the donor reserves the right to use the property throughout the donor’s lifetime. Upon the death of the donor, the property becomes an asset of The Unicorn Children’s Foundation, Inc.
By planning legacy gifts, you may be able to increase income from investment assets, while receiving the satisfaction of making a very meaningful gift to a cause you care about.
If you would like to discuss these options or make a planned gift to The Unicorn Children’s Foundation, Inc., please contact Sharon Alexander via email firstname.lastname@example.org or phone at (561) 620-9377.
Ways to Include an Organization in your Will or Trust
You can guarantee that your voice will carry on by naming The Unicorn Children’s Foundation, Inc. as a beneficiary of the following:
Bequest through your will or trust to The Unicorn Children’s Foundation, Inc.
Specific dollar amount
Specific percentage of your estate
Specific percentage of your residuary estate (the amount or percentage that is left after all other bequests and expenses have been fulfilled)
The Unicorn Children’s Foundation, Inc. is a beneficiary of all or a portion of:
A life insurance policy
A financial institution (bank, CD, brokerage) account
A retirement account
Your attorney may wish to use the following language when making a bequest: “I give, devise, and bequeath The Unicorn Children’s Foundation, Inc., a not-for-profit organization, located at 99 SE Mizner Blvd., Suite 120, Boca Raton, FL 33432, the sum of $_______ (or describe the real or personal property or portion of the estate) to be used for general purposes.”
As with any decision involving your assets, we recommend that you seek the advice of your attorney when considering a planned gift.
Thank you again for your generosity and support of our mission, creating cradle to career pathways for kids and young adults with special needs and helping their families navigate this complex journey!
P.S. Legacy gifts are important to us, please consider us in your will or estate plans. If you have already provided for us, please let us know! We’d like to welcome you into our Unicorn Legacy Society.
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