Planned Giving - Legacy Circle

The Legacy Circle honors and recognizes individuals who make a commitment to providing best practices and positive outcomes for children by including Ann Martin Center in their wills or estate plans. It is a rewarding way to share your dedication to Ann Martin Center with the next generation and also may bring tax advantages. If you have made such a provision, informing us of those plans enables us to properly express our gratitude. Please note that information regarding the size or type of your gift is not required. Membership in the Legacy Circle includes recognition in Ann Martin Center’s Annual Donor Honor Roll and on a permanent don​or plaque gracing the lobby, as well as a host of Ann Martin Center Leadership Circle donor benefits.

Eligibility

You are eligible for membership in the Legacy Society if you have included Ann Martin Center in your estate plans. There are many options for making such a commitment, several of which are described below. Please consult your attorney or financial adviser to determine the giving vehicle appropriate to your circumstances.

Outright Gifts

These are the most preferred types of gifts because a charity can invest the proceeds immediately. Outright gifts may take the form of cash, negotiable securities, and gifts of tangible and real property.

Bequests

Bequests may be made by will or through revocable living trusts by making a charity a beneficiary of the trust. Most legacy gifts are in the form of bequests. For more information, please view the bequest from located at the bottom of this page.

Charitable Gift Annuity

The gift annuity is a contract between a charity and donor, which provides for a gift from the donor and annuity payments from the charity. Payments may be annual, semi-annual, quarterly or monthly. The gift annuity process is highly regulated by the State Insurance Commissioner who issues licenses and can require substantial reserves for each gift annuity.

Charitable Remainder Trusts

A charitable remainder trust allows a donor to give property or cash which will be used by a third party (the trustee) to earn income which is paid to income beneficiaries (usually the donor) for life, a period of years, or a combination of the two. At the end of the payment period, the trust principal is given to the charitable remainder, the charity or charities named in the trust document.

Charitable Lead Trusts

The trustee of a charitable lead trust (also known as a charitable income trust) pays the income of the trust to a charity or charities. At the end of a fixed period of time, the trust principal is transferred to one or more non-charitable beneficiaries.

IRAs and Retirement Plans

Ann Martin Center can be named a beneficiary of IRA’s, Keogh plans, or other qualified retirement plans. These assets, if left to heirs, would be subject not only to immediate estate tax, but also to income tax when distributed.

Life Insurance

A donor may give a paid up life insurance policy to charity, naming it both owner and irrevocable beneficiary or a policy that is not paid up if it has a current value. You may terminate the policy for current value or keep it in force if the donor continues to make gifts that equal the cost of premiums for that policy.

Pooled Income Fund

This is an investment fund similar to a mutual fund made up of assets irrevocably contributed by many donors. Contributions are commingled for investment purposes. The net income is paid to the donor in proportion to the number of units allocated to each donor. When the income interests of all of the beneficiaries of a gift from a donor end, the principal of the fund attributed to that gift (the remainder interest) goes to the charity.

Retained Life Interests in Gifts of Real Property

A gift of a remainder interest in a personal residence or farm is a transaction in which an individual irrevocably transfers title to a personal residence or farm to a charitable organization with a retained right to the use of the property for a term that is specified in the gift agreement. At the conclusion of the measuring term, all rights in the property are transferred to the charity.

Revocable and Irrevocable Living Trusts

Usually benefit the charity with a remainder interest.

 

For more information or questions about making a planned gift to Ann Martin Center, please contact David Theis, Executive Director, at (510) 655-7880 ext. 224.