Centers for Youth and Families

Centers for Youth and Families

Planned Giving

Ways to include Centers for Youth and Families in your estate plan

Your gift from your estate is a forever gift invested in improving the lives of children, youth and families in Arkansas for many years to come. Centers for Youth and Families Foundation invests planned gifts in our endowment, providing you with a way to support the mission of caring for children, youth and families today, tomorrow and forever.


Call Centers for Youth and Families Foundation at 501-666-9436 for more information.

Bequest

The simplest way to make a planned gift is to leave a bequest in your will of a specific dollar amount, percentage of your estate, items of value such as real estate or stock or giving the remainder of your estate after you take care of your family. This gift is likely the most significant gift you will ever be able to make—it’s a gift of a lifetime.


You will need to visit with your attorney to complete your will. You might share the language below with your attorney:

Specific Amount

"I hereby give, devise and bequeath $______________ to Centers for Youth and Families, P.O. Box 281501, Little Rock, AR 72225 to be used for its general use and purpose."*Specific Asset

"I hereby give, devise and bequeath _______________ (description of property) to Centers for Youth and Families, P.O. Box 281501, Little Rock, AR 72225 to be used for its general use and purpose."*Percentage Bequest

To give a percentage of the whole or of your estate, use the following language:

"I hereby give, devise and bequeath to Centers for Youth and Families, P.O. Box 281501, Little Rock, AR 72225 (all or a percentage) of the rest, residue and remainder of my estate, both real and personal, for its general use and purpose."*Residuary of Your Estate

You can give the remainder of your estate after you have taken care of your family members. You can use this language:

"I hereby give, devise and bequeath the rest, residue and remainder of my estate to to Centers for Youth and Families, P.O. Box 281501, Little Rock, AR 72225 to be used for its general use and purpose."*Contingent Bequest

You can give part or all of your estate if circumstances arise where your estate is not claimed by the person you designated. You can use the following language:

"If _______________ (Name of beneficiary) predeceases me or disclaims any interest in __________ (description of property), I give such property to Centers for Youth and Families, P.O. Box 281501, Little Rock, AR 72225 to be used for its general use and purpose."*

Designation

Designating Centers for Youth and Families as the beneficiary of your life insurance, bank account or investment account is a simple way to invest in changing lives of children and youth. You can gift a life insurance policy that is paid, purchase a new policy, or donate a policy while you continue paying premiums. You will realize tax benefits and support a mission that is important to you.

Annuities

Do you need the benefit of income through your planned gift investments? Annuities might be for you.

Charitable Gift Annuity- A simple contract where you make a gift of assets in exchange for a lifetime fixed income. Your income will vary based on the value of your CGA and your age. You benefit from tax deduction and may avoid some capital gains tax when using appreciated

Charitable Remainder Trust- An irrevocable gift of assets into a charitable trust that provides you a fixed or variable income for life or for a set term. Trust assets become a generous gift to Centers for Youth and Families when the trust ends. Options include a unitrust or annuity trust. You benefit from tax deduction, may avoid upfront capital gains tax and avoid estate taxes on the portion of your assets that are included in the trust.

Securities- You can give gifts of stock, bonds and mutual funds, which may help you give a larger gift while reducing your tax burden. Giving appreciated securities might help you minimize your tax burden or be able to make a larger contribution.

To achieve these benefits, your securities must be transferred to Centers for Youth and Families. They cannot be sold, redeemed or exchanged. If they are sold, the gift is a cash gift and you will realize capital gains. You may give a gift of securities that have decreased in value since you purchased them. You can claim the loss on your tax return and contribute the cash proceeds to Centers for Youth and Families.