Planned Giving: A Legacy of Support

Join Our Legacy of Compassion

Planned giving offers a unique opportunity to make a meaningful and lasting impact on End of Life Washington’s mission to support individuals at the end of their lives. By including EOLWA in your financial or estate planning, you ensure that future generations can access the care, dignity, and respect they deserve. This guide outlines several ways you can contribute through planned giving, including bequests, retirement assets, life insurance, and account beneficiary designations. Each method offers specific benefits and allows you to tailor your support in a way that best fits your financial and philanthropic goals.

Bequests

Bequests

Leaving a Legacy of Support

Bequests are one of the simplest and most popular ways to make a significant contribution to End of Life Washington. By including EOLWA in your will or living trust, you can specify a portion of your estate to go towards supporting end-of-life care. This type of gift enables you to make a substantial impact without affecting your current financial situation, ensuring your legacy of compassion continues beyond your lifetime. Here’s a guide to sample bequest language.

Retirement Savings

Retirement Assets

Transforming Your Retirement Savings into Support

Designating End of Life Washington as a beneficiary of your retirement accounts (such as your IRA, 401(k), or pension) is a tax-efficient way to contribute. Often, retirement assets can be subject to both income and estate taxes when passed on to heirs. However, by directing these assets to a nonprofit like EOLWA, you can minimize tax implications for your estate and heirs, ensuring more of your gift goes towards supporting end-of-life care.

Life Insurance

Life Insurance

Maximizing Your Impact with Life Insurance

Life insurance policies provide a powerful way to support End of Life Washington. By naming EOLWA as a beneficiary of your policy, you can make a significant contribution without impacting your current financial situation. This method allows you to pledge a substantial future gift at a relatively low cost to yourself, offering both security to you and substantial support to EOLWA.

Beneficiary Designation

Account Beneficiary Designation

Easy Ways to Support Through Your Financial Accounts

Many financial accounts, including savings, checking, and brokerage accounts, allow you to designate a beneficiary upon your death. By naming End of Life Washington as the beneficiary of one or more of your accounts, you can provide crucial support with a simple form. This direct transfer is efficient, avoiding probate and ensuring that your support reaches EOLWA promptly.

Frequently Asked Questions about Planned Giving

Q: What is planned giving and how does it benefit me?

Planned giving allows you to integrate charitable contributions into your financial, tax, and estate planning goals. It offers the opportunity to support End of Life Washington in a significant way while potentially providing financial benefits to you and your heirs.

Q: Can I specify how my gift is used?

Yes, you can direct your gift to support specific programs or services. We recommend discussing your wishes with us to ensure we can meet your intentions and honor your legacy.

Q: Are there any tax benefits to planned giving?

Many forms of planned giving provide significant tax advantages, including reductions in income taxes, estate taxes, and capital gains taxes, depending on the structure of your gift.

Q: How do I include End of Life Washington in my will?

Including EOLWA in your will or living trust can be as simple as adding a few sentences.We can provide sample bequest language for you and your attorney to consider.

Q: What information do I need to provide to designate EOLWA as a beneficiary?

You will need our legal name, address, and possibly our tax identification number. We can provide this information to ensure your gift is properly directed to us.

Q: Can I donate a portion of my retirement assets or life insurance policy?

Yes, you can designate End of Life Washington as a beneficiary for a portion or all of your retirement assets or life insurance policy. This is a flexible way to support our mission while also adapting to your changing financial needs.

Q: What is the minimum gift I can include in my planned giving?

There is no minimum gift requirement. Gifts of all sizes are deeply appreciated and make a significant impact on our ability to support those at the end of life.

Q: Can I change my mind about my planned gift?

Yes, most planned gifts, especially bequests and beneficiary designations, are revocable, allowing you flexibility to change your plans as your circumstances or wishes evolve.

Q: Do I need to inform End of Life Washington if I have included you in my estate plans?

While not required, informing us allows us to thank you and recognize your generosity, as well as ensure that we can follow through with your wishes regarding the use of your gift.

Q: How does ‘planned giving’ support End of Life Washington?

Planned gifts provide a substantial foundation for our work, helping to ensure we can continue our mission into the future. Your legacy gift supports everything from daily operations to long-term projects and services.

Q: Who should I consult before making a planned gift?

It’s important to consult with your financial planner, tax advisor, or attorney to understand how a planned gift fits into your overall estate and financial planning.

Q: Can I make a planned gift in memory or honor of someone?

Yes, making a gift in honor or memory of a loved one is a wonderful way to create a lasting tribute while supporting the values and mission of End of Life Washington.

Make Your Mark on the Future

Your legacy can be a powerful force for good. By choosing to include End of Life Washington in your planned giving, you’re not just making a donation; you’re ensuring that compassion, dignity, and respect continue to be available for all at the end of life. To learn more about how your planned gift can make a difference, please contact us. Together, we can create a legacy that reflects your commitment to care and compassion.

Ready to take the next step? Contact our dedicated development staff today to discuss how your gift can leave a lasting legacy.