Planned Giving – Inspiring a Lasting Legacy

Types of Planned Gifts

Choosing the right planned gift depends on your personal circumstances and financial goals.  Your attorney or financial advisor can help you coordinate a planned gift to INSPIRE by L.E.S.U.R.E., Inc.

Bequest

A charitable bequest is a provision in your will or estate plan that allocates all or part of your estate to INSPIRE by L.E.S.U.R.E., Inc. The amount left to INSPIRE by L.E.S.U.R.E., Inc. can be expressed as a dollar amount or as a percentage of the assets to be given. Charitable bequests are popular because they offer flexibility and allow you to minimize death taxes and other costs, resulting in more assets for your heirs.  Bequest Language: The official bequest language for INSPIRE by L.E.S.U.R.E., Inc is: “I <Name> of <City, State, Zip> give and bequeath to INSPIRE by L.E.S.U.R.E., Inc <$________or %_________ of my estate>, to be utilized for <general use or name restricted purpose>.

Retirement Assets

Consider making INSPIRE by L.E.S.U.R.E., Inc. your named beneficiary from retirement plan assets such as an IRA, 401K, 403(b) or other defined contribution plans. Gifting a retirement plan account or benefit will cause no income tax to be paid on the funds in the account.

Life Insurance

Life insurance policies can provide several options for making a meaningful and substantial charitable gift to INSPIRE by L.E.S.U.R.E., Inc.:

• You may name INSPIRE by L.E.S.U.R.E., Inc. as the beneficiary, or partial beneficiary of a life insurance policy. There is no income tax benefit with this option, but there may be an estate tax benefit.
• You may name INSPIRE by L.E.S.U.R.E., Inc. as owner of an existing life insurance policy that is no longer needed. Tax deductions may be equal to the policy’s replacement value.
• You may purchase a new policy and name INSPIRE by L.E.S.U.R.E., Inc. as owner AND beneficiary. The premiums you pay are fully tax deductible.  At death, INSPIRE by L.E.S.U.R.E., Inc. receives the insurance proceeds.

Charitable Trusts

Charitable Trusts are a category of planned gifts that provide a variety of benefits to donors and INSPIRE by L.E.S.U.R.E., Inc.  The common factor is that they are legally established as trusts, which are financial tools to hold and administer funds for the benefit of a person or organization. Some of the most common Charitable Trust vehicles include:

• Charitable Remainder Trusts (CRTs) are a life income gift: You transfer either cash or other assets (appreciated stock) into a remainder trust, which is irrevocable. You will receive a charitable deduction for a portion of the transfer, and you or a beneficiary will receive a fixed amount for the rest of your life or a set term of years, as a fixed percentage of the trust’s value, which can fluctuate. Upon the death of the beneficiary, the remaining assets are transferred to INSPIRE by L.E.S.U.R.E., Inc.
• Charitable Lead Trust

This trust makes an annual payment to INSPIRE by L.E.S.U.R.E., Inc. for your life or a set period of years. At the end of the term, the remaining assets go to you or your heirs.