Bequest/Legacy Giving

Bob & Cari SherwoodWills and Bequests

Are you interested in helping SVWC Foundation with its mission but feel overwhelmed by the thought of writing another check or giving up your assets today?

A gift in your will or living trust, known as a charitable bequest, is a simple, flexible and versatile way to ensure we can continue our work for years to come.

A charitable bequest is one or two sentences in your will or living trust that will leave a specific item, an amount of money, a gift contingent upon certain events, or a percentage of your estate to SVWC Foundation.

By including a bequest to the Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

The following language makes it easy to make this type of gift through your will: “I, [name], of [city, state, ZIP code], give to Shenandoah Valley Westminster-Canterbury Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

As always, we recommend that you have an attorney review your documentation.

Click the headings below for more information.

Beneficiary Designations

Are you passionate about supporting SVWC’s mission, even after your lifetime? It’s easy to do, with a beneficiary designation.

A beneficiary designation clearly identifies the manner in which specific assets will be distributed after your death.

When you name SVWC Foundation as a beneficiary, the Foundation will receive assets, such as retirement plans and life insurance policies, after you’re gone. It’s as simple as filling out a form, which is separate from your will, making this approach an easy way to give.

Beneficiary designations are also a flexible gift option in that you aren’t locked into the choices you make today. You can review and adjust beneficiary designations any time you want.

Gifts that Provide Income

Charitable Gift Annuities

When you are looking for ways to help SVWC Foundation with its mission, you shouldn’t feel as if you are choosing between your philanthropic goals and financial security. One gift that allows you to support SVWC Foundation’s work, while receiving fixed payments for life, is a charitable gift annuity.

A charitable gift annuity involves a simple contract between you and SVWC Foundation in which you agree to make a gift to SVWC Foundation, and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with SVWC Foundation, you can receive a variety of tax benefits, including a federal income tax charitable deduction.

You can delay your payments!
If you are younger than 60 or don’t need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date — such as when you reach retirement.

To learn more, click here to view our pamphlet on Charitable Gift Annuities.

Trusts

Looking for ways to give SVWC Foundation a significant gift? If you have built up a sizeable estate, you may want to check out the advantages of setting up a charitable trust. There are several types of trusts — the options allow you to tailor your gift to meet your personal, charitable and financial goals.

With a charitable remainder annuity trust, you can fund this trust with cash or appreciation assets and receive an immediate federal income tax charitable deduction. Each year, the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to SVWC Foundation as a lump sum.

Both the charitable remainder trust and charitable remainder unitrust let you or other named individuals receive income each year for life or a term of years from assets you give to the trust. After the life of the named individuals or the set period of years, the balance in the trust goes to the charities of your choice, which we hope would include the SVWC Foundation.

The charitable lead trust can make payments in one of two ways:

A charitable lead annuity trust pays a fixed amount each year to our organization and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust.

More Ways to Give

Memorial and Tribute Gifts

If your loved one was impacted by SVWC, establishing a memorial or tribute gift is a meaningful way to honor or celebrate a special occasion. Occasions may include: expressing gratitude for acts of kindness; recognizing joyous occasions, such as birthdays, anniversaries or promotions; or expressing condolences to families of deceased friends, colleagues or acquaintances.

Your memorial or tribute gift will be a lasting legacy to your loved one and will make a difference in the lives of those we serve by helping us further our mission.

When you make a tribute gift, we will send a letter to an individual that you designate, informing him or her of your thoughtfulness, without disclosing the amount.

Efforts are made to celebrate those who make tribute gifts, along with those who have been honored, in many Foundation communications. We hope as you peruse these materials, you will find joy in celebrating with us the thoughtfulness and generosity of these donors and in remembering those who have been honored in this fashion.

(Gifts may be made anonymously, should you not want to be featured in these materials.)

Endowed Gifts

You have the power to help safeguard the future of SVWC Foundation. How? By making an endowed gift.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested, and a portion of the principal’s earnings are used each year to support our mission. Your gift is an investment in our future, helping us grow and thrive for years to come.

Donor Advised Funds

Are you looking for an easy, cost-effective way to support SVWC Foundation and other causes you love? A donor-advised fund is an account that you set up, but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can designate how much (and how often) you want to distribute money from that fund to SVWC Foundation, as well as to other charities. You cannot, however, direct the gifts.

Here’s how it works. You transfer cash or other assets to a tax-exempt sponsoring organization, such as a public foundation. You can then recommend, but not direct, how much and how often money is granted to SVWC Foundation or other charities. In doing this, you avoid the cost and complexities of managing a private foundation.

What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And, perhaps best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

The Legacy Society

The Legacy Society recognizes generous individuals who have made significant contributions by taking the special step to include SVWC Foundation in their long-term gift plans.

This form of stewardship through bequest by will or life income gift is a permanent way to ensure our mission of providing outstanding retirement living for generations to come. Please consider joining the many caring and generous residents and friends who have made a gift to SVWC through a will, naming SVWC Foundation as a beneficiary of a life insurance policy or retirement account and/or through a charitable gift annuity and/or charitable remainder trust.

If you have already made a commitment to SVWC in your estate plan that we may not be aware of, we thank you. Please let us know so we can honor you as members of the Society.

You may also choose to remain anonymous. Any information you provide to the Foundation will be held in confidence.

Thank you for your thoughtfulness and support. Gifts like yours will strengthen our endowment, enhance our facilities and programs, and help SVWC Foundation fulfill its mission of providing support for older adults and the people who care for them.

To view our Legacy Society pamphlet and print off a notification card, please click here.