Planned and Estate Giving
100% of your donation helps change the lives of children in your community.
A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit After School All Stars in ways that may not be possible through lifetime gifts.
Giving through your estate plan can generate a charitable estate tax deduction and substantial tax savings. You may direct all or a portion of your estate to After School All Stars.
A charitable bequest to After School All Stars made in your will can take many forms. You can make a bequest by designating a specific sum of money or property/real estate, a percentage of your estate, or the remainder of your estate after other beneficiaries receive the portion you designate. Through a contingent bequest, you can make After School All Stars the beneficiary of your estate if your partner or other beneficiary passes away before you. You can also create a charitable trust through your will that will benefit individuals you choose during their lifetimes with the remainder after they die passing to After School All Stars.
While you receive no immediate tax benefits from a bequest, every dollar contributed is deductible for estate tax purposes, relieving your partner and loved ones of added estate tax burdens.
Contact Us
If you plan to name After School All Stars in your estate plan or have questions about making an planned or estate gift, please contact Mack Campbell, Regional Director of Development, at 214-442-1613 or email [email protected].
Our Recommended Bequest Language
The following is intended to help you and your attorney in drafting a bequest that satisfies your individual interests. As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding After School All Stars, be sure the organization’s correct legal name appears in all final documents as:
- Unrestricted Gift: A gift that can be used where need is greatest
“I give, devise, and bequeath to After School All Stars, Los Angeles, CA, (insert dollar amount) Dollars* to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax Avenue, Suite 200; Los Angeles CA 90036; 501(c)(3) Tax ID number: 95-4441208.
OR
“I give, devise, and bequeath to After School All Stars (insert specific chapter name), (insert city and state of chapter), or its successor, (insert dollar amount) Dollars* to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax Avenue, Suite 200; Los Angeles CA 90036; 501(c)(3) Tax ID number: 95-4441208.
- Residuary Bequest: Leaves any remainder after all other bequests have been paid
“I give, devise, and bequeath to After School All Stars, Los Angeles, CA, (insert percentage amount) percent of the residue of my estate to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax Avenue, Suite 200; Los Angeles CA 90036; 501(c)(3) Tax ID number: 95-4441208.
OR
“I give, devise, and bequeath to After School All Stars (insert specific chapter name), (insert city and state of chapter), or its successor, (insert percentage amount) percent of the residue of my estate to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax, Suite 200; Los Angeles, CA 90036; 501(c)(3) Tax ID number: 95-4441208.
- Contingency Gift: Takes effect only if a primary intention can’t be met.
“In the event that (insert name) predeceases me, I give, devise, and bequeath his/her bequest or share to After School All Stars, Los Angeles, CA, to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax Avenue, Suite 200; Los Angeles CA 90036; 501(c)(3) Tax ID number: 95-4441208.
OR
“In the event that (insert name) predeceases me, I give, devise, and bequeath his/her bequest or share to After School All Stars (insert specific chapter name), (insert city and state of chapter), or its successor, to be used for its general purposes.” To ensure that your wishes are followed exactly, we suggest including After School All Star’s full name and address in your will: After School All Stars; 145 S. Fairfax, Suite 200; Los Angeles, CA 90036; 501(c)(3) Tax ID number: 95-4441208.
Make After School All Stars a Beneficiary
A beneficiary designation is one of the simplest ways to make a gift to After School All Stars. It’s literally as easy as filling out a form. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive.
Beneficiary designations are available when giving the following assets:
Retirement Assets
An alternative to a bequest gift is to designate After School All Stars as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.
A gift of retirement assets has the added advantage of being among the most tax-wise ways to make an estate gift. This is because your retirement assets, if left to individuals, will be subject to income tax when they receive distributions and, in the case of a non-spouse, those distributions may be accelerated. With a gift to a non-profit such as After School All Stars, 100 percent of the funds are available for its charitable purposes. If you want to remember us in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to After School All Stars.
Life Insurance
Life Insurance policies can also be used to make a gift to After School All Stars. Complete and return to the insurance company a form designating that After School All Stars receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming After School All Stars as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.
Other Assets
Commercial Annuity Contracts – a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name After School All Stars to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.
Bank Accounts – you can instruct your bank to pay After School All Stars all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.
Investment Accounts – you can instruct your investment company to transfer to After School All Stars some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to After School All Stars” after your name on the account.
