Plan Your Legacy

Making a gift in your will or trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate, or the remainder after all other provisions are specified.

Our federal tax ID number is: 13-3801864. Below is suggested language to use when drafting your bequest.

SAMPLE LANGUAGE FOR YOUR WILL:

For your gift to Children’s Rights to go where it is most needed, use the following language for your will and/or trust:

Specific Dollar Amount or Percentage Bequest

“I give to Children’s Rights, a non-profit charity currently located at 88 Pine Street, New York, NY 10005, Federal Tax ID 13-3801864, % or $ (written amount or percentage of the estate) for its general use and purpose.” 

Residual Bequest

“I give to Children’s Rights, a nonprofit organization located at 88 Pine Street, NY 10005, Federal Tax ID 13-3801864, all or a percentage of the rest, residue, and remainder of my estate to be used for its general use and purpose.” 

A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest is used for a general or specific purpose so you have the peace of mind knowing your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs. 

You can designate Children’s Rights as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime.

Please inform us of your gift, as many retirement plan administrators do not have an obligation to notify charities of your designations. Additionally, they may not actively monitor whether your gift instructions are carried out.

If you are 70 ½ years old or older

You can give any amount up to a maximum of $100,000 annually from your IRA directly to a qualified charity such as Children’s Rights without having to pay income taxes on the gift. Known as the IRA charitable rollover or qualified charitable distribution, this gift allows you to satisfy all or part of your required minimum distribution without paying income tax or generating taxable income.

A quick and easy way to make a big difference is to name Children’s Rights as a beneficiary of your:

• Retirement plan and IRAs
• Life insurance policy
• Commercial annuity
• Bank accounts, Investment accounts, or CDs
• Donor-Advised Fund (DAF)

When you use a beneficiary designation, you simplify the estate planning and administration process, as your assets pass directly to the beneficiary without going through the probate process. You also avoid the time and cost of updating your will and can cancel or alter the agreement at any time.   

Start by requesting a change-of-beneficiary form from your policy administrator, insurance agent, or bank representative, or download the form from your provider’s website. Make your desired changes and return the form to establish your gift. Notify us so we can thank you for your generosity and include you as a member of our Legacy Society. 

If you want to make an impact now at Children’s Rights and also provide for your family later, consider setting up a Charitable Lead Trust. You transfer cash or other assets to a trust that makes payments to Children’s Rights for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to Children’s Rights:

• Charitable lead annuity trust – pays a fixed amount each year to Children’s Rights.
• Charitable lead unitrust – pays a variable amount each year to Children’s Rights based on the value of the assets in the trust. If the trust’s assets go up in value, the payments to Children’s Rights go up as well.