Estate Giving

BEQUESTS FROM YOUR WILL OR TRUST

Leaving Friends of the Children - SW Washington as a recipient of your overall estate through your will or a trust is a generous and simple way to make a transformational impact.

Bequests can include a percentage of your estate, a specific asset, or a specific dollar amount. With a bequest, your estate will receive a charitable deduction for the full amount of a monetary bequest or the fair market value of donated assets.

Specific Bequest Language

I give to the Friends of the Children-Southwest Washington, EIN 85-1261131, currently located at 8100 NE 28^th Street, Vancouver, WA 98662, ____% (or $______) of my estate for its general purposes.

Residual Bequest Language

I give to Friends of the Children-Southwest Washington, EIN 85-1261131, currently located at 8100 NE 28^th Street, Vancouver, WA 98662, all (or ____%) of the rest, residue, or remainder of my estate, both real and personal, for its general purposes.

Contingent Bequest Language

If any of the above-named beneficiaries disclaims or predecease me, I bequeath his or her share to Friends of the Children-Southwest Washington, EIN 85-1261131, currently located at 8100 NE 28^th Street, Vancouver, WA 98662, to be used for its general purposes.

RETIREMENT ACCOUNTS

Did you know that if you gift your Traditional IRA, 401k, 403b to an individual, up to 40% of its value may be lost due to taxes? You may want to consider gifting this asset to Friends of the Children-SW Washington. Gifting your pre-tax retirement fund has three significant advantages.

• The entire value of the fund will transfer tax free, maximizing the impact of your retirement savings.

• The value of the IRA gift is deducted from the estate’s value, reducing the overall estate tax burden.

• Other assets inherited by individual heirs are not subject to a personal income tax penalty. Naming the Friends of the Children-SW Washington as a beneficiary of your IRA or other qualified retirement is easy to do. Simply update the “Beneficiary Form”, on your retirement plans website and provide these details:

Name: Friends of the Children-Southwest Washington

Physical Address: 8100 NE 28^th Street, Vancouver, WA 98662

Mailing Address: PO Box 61882, Vancouver, WA 98666

Phone: 360.207.4352

Tax ID: 85-1261131

Upon your death, the account is dissolved and passes to the Friends of the Children - SW Washington, outside of probate and entirely tax free. Your estate will also receive a charitable tax deduction, which lowers the value of the overall estate.

LIFE INSURANCE

Donating a whole life or term life insurance policy that’s outlasted its original purpose is an excellent way to support Friends of the Children - SW Washington. Both whole life and term life insurance gifts can be gifted through your estate plan.

A whole life policy can also be gifted while you are alive. This gift will receive a tax deduction equivalent to the settlement value (assessed by the insurance company).