Provide Lasting Support for persons with disabilities with a planned estate gift
A bequest – a gift to the Independent Living Resource Center, Inc. specified in your will – will give you peace of mind knowing that your support of ILRC’s work of helping persons with disabilities live independently will continue for many years after your lifetime. Providing a gift to ILRC in your will is a way to leave a legacy of helping others and it can also have certain tax benefits for your estate and heirs.
With a bequest or other end-of-life gift, you can:
- Leave a legacy that will continue to support ILRC’s work for generations. ILRC’s endowment is invested for long-term growth, and every year a portion of ILRC’s endowment is made available for use by ILRC to help advocate for and help persons with disabilities live independently.
- Remain in control of the funds during your lifetime. A bequest does not become irrevocable until death; this means that you can change the bequest at any time during your lifetime.
- Reduce estate taxes. Your estate will receive an estate tax deduction for a portion of the gift made by the estate to charity.
- Spare family members the burden of paying both estate and income taxes by leaving retirement plan assets to a non-profit organization.
- Help continue Independent Living Resource Center, Inc.’s mission.
Bequests are not just for the wealthy. Even a small portion of a typical estate can be a very meaningful gift to ILRC’s work to help persons with disabilities live independently.
Benefits to Estate Gifts:
1). Simplicity: Just a few sentences in your will or trust are all that is needed. Share the sample bequest language for compassion international with your estate planning attorney.
“I hereby make, devise, and bequeath to Independent Living Resource Center, Inc., a California not-for-profit corporation, whose present office is at 423 West Victoria Street, Santa Barbara, CA 93101 - __________% of my estate (or the sum of $_________) to by used by the Independent Living Resource Center, Inc.”
“I hereby make, devise, and bequeath to the Independent Living Resource Center, Inc., a California not-for-profit corporation, whose present office is at 423 West Victoria Street, Santa Barbara, CA 93101 - ____________% of the residue of my estate (or the sum of $_________) to be used by the Independent Living Resource Center, Inc.”
2). Flexibility: Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
3). Versatility: You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
4). Tax Relief: If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift’s full value.
If you need help, here is a list of our local Preferred Service Providers: