Charitable Bequests and Beneficiary Designations
Why a Charitable Bequest may be Right for You
SAWs exists today because of ordinary people showing extraordinary generosity by donating during their lifetime and also leaving legacy gifts to SAWs in their wills and estate plans. We adhere to our donor’s instructions and promise to fulfill them at the highest level of integrity. Together we have the power to transform the lives of our clients by providing safe means to enter and exit their home and reconnect with their community.
Bequests (simplest form of charitable giving)
You can make a provision in your will, living trust, revocable or charitable trust for a gift to SAWs to be added to the Servants at Work Endowment Fund or for the unrestricted use of SAWs. Unrestricted use allows SAWs to respond to the changing needs and opportunities over time as no one knows what issues will face the poor a generation or two from now.
Your gift can be for a stated dollar amount, a percentage of your estate, or the entire residuary after all debts, taxes, expenses, and other bequests have been paid from your estate).
To make a charitable bequest within a will, a sample language would be:
“I do hereby give and bequeath the sum of $_____________ OR give, devise, and bequeath _________percent of the rest, residue, and remainder of my estate) to Servants at Work, Inc., SAWs) an Indiana not-for-profit corporation and Internal Revenue Code Section 501c)3) public charity, to hold, manage, invest, and reinvest the same, collect the income therefrom, and disburse the same for its general charitable purposes
- to be added to the Servants at Work Endowment Fund, in accordance with the policies of Servants at Work, Inc.” OR
- to benefit Servants at Work, Inc. serving _________________ County, Indiana.”
Other Ways to Make a Gift Effective After Death
Many of the accounts or policies you own provide you with an opportunity to designate a charitable beneficiary to receive that asset, or a percentage of the asset, at your passing or at the termination of the policy. A simple way to make a significant gift is to designate SAWs as a full or partial beneficiary on a “change in beneficiary” or “transfer on death” form.
Examples of these are:
- Life insurance policy
- IRA or qualified retirement plan
- Bank account
- Brokerage account
Recognizing You as a Community Visionary
When gifts are entrusted to SAWs at the end of a life without any prior notification to SAWs, there is no opportunity to recognize and show our appreciation for such meaningful generosity. SAWs Legacy Society provides a way for SAWs to assure you that your intentions will be honored and to thank you for your thoughtfulness. In turn, by allowing SAWs to recognize and thank our deferred giving donors, SAWs Legacy Society members serve as role models for other donors and philanthropists.
If you have made such a provision, please notify us and consider becoming a SAWs Legacy Society member. In addition to our unwavering gratitude, members receive the following benefits and acknowledgements:
- Recognition in SAWs annual report, on its website and other materials where planned gifts are acknowledged (unless you request to remain anonymous)
- Invitations to special events
- Opportunities to engage with similar-minded donors and community leaders
The legacy you leave can have a lasting impact on our community and is an expression of who you are and how you lived your life. Therefore, we know you are making careful plans to ensure that your assets are distributed in the manner in which you choose through your estate. Having SAWs as the steward of your designated gift and guardian of your intentions will provide you with the confidence that your wishes will be honored in perpetuity.
Ask your legal or tax adviser if a charitable bequest is right for you.
To talk with us about creating a future gift that will ensure fulfillment of your charitable goals, notify us of your charitable bequest and/or designation, request more information and appropriate language to be used in your estate plans or to become a member of SAWs Legacy Society, please contact: Emily Reynolds, at firstname.lastname@example.org.