Building a lasting legacy through planned giving.
Incorporating charitable giving into your estate plan requires careful consideration of your charitable objectives, family needs, and income requirements. Current tax laws provide valuable tax benefits for individuals, trusts, and estates that donate to qualified charities. The income and estate tax regulations governing charitable gifting can be simple or complex depending on the details surrounding the gift. A tax advisor should be consulted to aid the process.
Some basic ways to use your estate for charitable gifting include:
A bequest, via your last will and testament, of a specific cash amount or real property (residence, ranch, land, or even artwork).
Adding the charity as a beneficiary of an annuity policy.
Adding the charity as a beneficiary of a life policy.
Adding the charity as a beneficiary of an IRA or retirement plan.
One of the simplest ways to make a planned gift is to designate a gift of cash or
securities from the estate to benefit High Hopes Development Center.
For bequests, it is important the gift designation is made to our legal name:
High Hopes, Inc
Employer Tax ID 62-1210720
301 High Hopes Court, Franklin, TN 37064