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Planned giving enables you to give to the SBAWP through a variety of means that will ensure that the Association is able to continue to help individuals with disabilities to live independently for years to come. Planned giving includes bequests, trusts, and other contracts between you as donor and the SBAWP. The potential benefit of planned gifts may include an increase in current income for the donor or others; a reduction in the donor’s income tax; the potential to avoid capital gains tax; the ability to pass assets to family members at a reduced tax cost; and the opportunity to make larger donations than might otherwise be possible.
The Board of Directors of the SBAWP has developed a Gift Acceptance Policy which defines the details of Planned Giving to the Association. Planned Giving falls under the purview of the Gift Acceptance Committee of the Board of Directors. Please note that any suggested language supplied here or elsewhere on this website does not constitute legal or tax advice and is not to be construed as legal or tax advice in any manner. Each of the items outlined here have different tax and legal implications. Tax laws are constantly changing; therefore, please consult your attorney and/or financial planner concerning the best way for you to provide for the Spina Bifida Association of Western Pennsylvania in your estate plan.
There are a variety of instruments that can be used in planned giving. The simplest of these include bequests, life insurance policies, and retirement funds. Additional information on each of these can be found by clicking on the item above.
While there are many different planned giving options, we have provided here a few basic descriptions of some often used types of planned gifts.
When a donor decides to leave assets to a charity in his/her estate, he/she is making a bequest. The donor’s estate may receive a charitable estate tax deduction when the gift is conveyed to the charity.
A gift annuity is a contract between a donor and a charity. In return for a donation of cash or other assets, the charity agrees to pay a fixed payment for life to the donor or to a friend or family member of the donor’s choosing. The donor may be able to claim a charitable tax deduction. Tax laws may permit other benefits depending on how the gift annuity is funded. All gift annuities to the SBAWP are handled by one of our financial partners. Please contact one of the two individuals below to arrange for a meeting. Gift annuities are sometimes used by younger donors to supplement retirement income.
Charitable Remainder Trust
This trust makes payments based on either a fixed amount or a percentage of the principal to whomever the donor chooses to receive the income. At the end of the trust term, the charity receives whatever amount is left in the trust.
Charitable Lead Trust
During the term of the trust, this trust makes payments of either a fixed amount or a percentage of the trust principal to the charity. At the end of the trust term, the principal can either go back to the donor or to heirs named by the donor. Lead trusts of often used to pass assets to heirs.
Retained Life Estate
A donor may gift his personal residence or farm to charity and retain the right to live there for the remainder of his/her life. Upon the donor’s death, the charity can use or sell the property.
As you work with your attorney and financial advisor, they will need certain information about the SBAWP in order to insure that your wishes are carried out. That information includes the following –
Spina Bifida Association of Western Pennsylvania 3000 Stonewood Drive, Suite 100 Wexford, PA 15090 Tax Id / EIN # 25-1337324 A 501(c)3 corporation
The staff at the Spina Bifida Association of Western Pennsylvania will be happy to work with you, your attorney, and/or your financial advisor in arranging your planned gift. Having a conversation in advance with our staff will ensure that your wishes will be carried out, particularly if you are considering special restrictions to your gift.
Please write, call, or email:
Spina Bifida Association of Western Pennsylvania
Thank you for your thoughtfulness and generosity.
Making a Bequest to the Spina Bifida Association of Western Pennsylvania
A bequest to the Spina Bifida Association of Western Pennsylvania is a simple and convenient way to provide important support for our mission to provide a continuum of support services, education and advocacy for individuals with Spina Bifida and their families.
A bequest by will or revocable trust can be tailored to complement your personal lifestyle and financial goals while also providing critical support to the SBAWP as we work to help all individuals with Spina Bifida to develop as youth and achieve independence as adults. As with current gifts, bequests may be designated either as unrestricted – giving the SBAWP the most flexibility – or restricted (that is designated for a specific purpose). If you have not already done so, please consider adding the Spina Bifida Association of Western Pennsylvania to your will or revocable trust.
If you have included the SBAWP in a bequest provision, please notify us so that we can ensure your wishes can be fulfilled. Your notification will be treated confidentially.
A bequest to the Spina Bifida Association of Western Pennsylvania may be the right gift for you if:
You want to help ensure that individuals with Spina Bifida have the opportunity to develop relationships with others through camps and weekend retreats; and that their caregivers have an opportunity to enjoy a respite from the daily routine of caring for their loved one.
Long-term planning is more important to you than an immediate income-tax deduction.
You want the flexibility of a gift commitment that doesn’t affect your current cash flow.
You can determine the size of your bequest by designating that the Spina Bifida Association of Western Pennsylvania receives:
A percentage of your total estate. In using this approach, your gift adjusts with changes in the size of your estate.
The residue or a percentage of the residue of your estate. After specific gifts to your loved ones have been made, you may designate that the entire residue or a percentage of the remainder shall go to the Spina Bifida Association of Western Pennsylvania. With this approach as well, your gift adjusts with changes in the size of your estate.
A gift of a specific amount. You specifiy a dollar amount to be given to the Spina Bifida Association of Western Pennsylvania. With this kind of gift, it is especially important to keep your will or trust updated.
Sample bequest language to share with your attorney or estate planner:
“I give [___% of my estate] [the residue of my estate] [___% of the residue of my estate] [$________] to the Spina Bifida Association of Western Pennsylvania, a non-profit 501(c)(3) corporation (EIN 25-1337324), with principal offices located at 3000 Stonewood Drive, Suite 100, Wexford, PA 15090, to be used in such a manner as the Executive Director may direct.”
The staff at the Spina Bifida Association of Western Pennsylvania will be happy to work with you and your attorney in arranging your bequest. Having a conversation in advance with our staff will ensure that your wishes will be carried out, particularly if you are considering special restrictions to your gift.
Please write, call, or email:
Sally Bayuk Executive Director Spina Bifida Association of Western Pennsylvania (724) 934-9600 firstname.lastname@example.org
Thank you for your thoughtfulness and generosity.
We simply cannot do our work without you!
Please note that the suggested language supplied here does not constitute legal advice and is not to be construed as legal advice in any manner. Please consult your attorney concerning the best way for you to provide for the Spina Bifida Association of Western Pennsylvania in your estate plan.