Planned Giving to Disability Belongs™ is a loving and effective way to donate stocks, bonds, part or all of the value of your home, car or other assets to continue to fight stigmas and advance opportunities for people with disabilities.
You can use planned giving now – such as through the donation of appreciated stocks – as a part of your tax strategy and philanthropic impact. It can also be a way for you to deepen your legacy and impact even after you are physically gone.
Planned giving will enable to you to continue to make the world a better place.
Simply put, planned giving is the transfer of assets to a designated nonprofit organization during a lifetime or as part of an estate plan. This forward-thinking approach to giving is “planned” because often these assets are not liquid, have tax benefits and are generally transferred via a will or other written means.
Many people may get the impression that planned giving is something only affluent donors engage in. But did you know that most planned gift donors give small annual gifts year after year rather than larger donations?
Fully 69% of planned giving donors give less than $500 per year, with the average bequest from regular donors coming between roughly $75 to $120 annually. However, when you no longer need your house, car or other assets, planned giving can enable you to continue to fight stigmas and advance opportunities for people with disabilities long after you die.
Transferring assets is easy and it can provide tax benefits. Disability Belongs™ accepts the following methods, and we will provide you with information regarding the procedures and benefits.
Estate Giving
Estate giving often comes in the form of a gift in your will or trust. It is one of the easiest and most flexible ways to make a planned contribution. You need to specifically state that the gift is for Disability Belongs™. With the help of an attorney or tax advisor, you can:
- Give a specific dollar amount or asset to be donated
- Give a percentage (5%? 10%? 50%?) of your estate
- Give the balance (or residue) of your estate
- Make a beneficiary designation of certain assets
Estate gifts and beneficiary designations can be dedicated toward a specific purpose or may be unrestricted for general use by Disability Belongs™. To have your gift applied to a specific program, please add “…for the benefit of (name of program)” to the language suggested above.
Retirement Assets
Retirement assets can be donated to an organization of your choice. These funds grow tax-free, until the time of withdrawal. You can contribute retirement funds to Disability Belongs™ and provide for your loved ones using these methods:
- Outright gift through beneficiary designation
Name Disability Belongs™ as the beneficiary or contingent beneficiary of your retirement assets after your lifetime. When a retirement account is left to a charity, the organization does not pay any income tax whereas your heirs may pay income tax if they inherit your retirement funds. Your retirement plan’s administrator can provide a beneficiary form for you to name Disability Belongs™ as your partial or sole beneficiary. - Special tax-free IRA gifts
For those aged 70½ or older, a total of up to $100,000 can be transferred directly from traditional or Roth IRAs to Disability Belongs™ free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift. To make a gift in this way, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.
Life Insurance
There are a number of ways to support Disability Belongs™ with an insurance-related gift.
- Add a beneficiary to your policy
You can make a change to the beneficiary/beneficiaries of your insurance policy without changing your will or other aspects of your estate plan. Ask your insurance company for a form that will allow you to make Disability Belongs™ a beneficiary of your insurance policy. - Making Disability Belongs™ the owner and beneficiary
You can take out a policy and make Disability Belongs™ the owner and beneficiary. Premium payments can be made by you directly to the insurance company or by Disability Belongs™, by way of your annual gift to the organization. You can take an income tax deduction for the premiums paid.
Naming Disability Belongs™ as the beneficiary of any of these accounts
- Life insurance policies (primary or successor beneficiary)
- Individual retirement accounts (IRA)
- Commercial annuities
- Checking, savings or other financial accounts
Just contact your bank, insurance company or retirement account holder and request a beneficiary designation form. To complete the form, use our legal name and Federal Tax ID.
Legal Name: Disability Belongs™
Attn: Ariel Simms, President & CEO, Disability Belongs™
Address: 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405
Federal Tax ID Number: 46-2840232
Stock Gifts
Please notify Disability Belongs™ prior to making a stock gift.
One of the most advantageous ways to contribute to Disability Belongs™ is through a gift of stock. You can donate appreciated stocks, and the total value of the stock upon transfer is tax-deductible. There is no obligation to pay any capital gains taxes on the appreciation.
To find out how to contribute stocks, please contact Disability Belongs™ at (202) 517-6272 or email us at FranklinA@DisabilityBelongs.org.
Donor Advised Fund
A donor advised fund, or (DAF), allows you to make a charitable contribution, recommend grants to support your favorite charities, and receive immediate tax deductions.
When including Disability Belongs™ in your plans, please use our legal name and Federal Tax ID. Make checks payable to Disability Belongs™ and mail to:
Legal Name: Disability Belongs™
Attn: Ariel Simms, President & CEO
Address: 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405
Federal Tax ID Number: 46-2840232
| Types of Giving | What is it? | Processes | Benefits to Donors | Sample Language |
Estate Giving |
Placing a contribution to an organization in your will or other estate plans. Options include IRA, Life Insurance Policies and Checking & Savings Accounts | Add Disability Belongs™ as a beneficiary, using our legal name and federal tax ID, to appropriate documents | Offers substantial tax savings to donors, in addition to being able to support one of their favorite causes without having to provide a large gift outright | I give and devise to Disability Belongs™ (Tax ID #46-2840232), located in Fredericksburg, VA, all (or __%) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program) |
Retirement Assets |
Funds from your retirement plan can be donated to an organization or charity of your choosing | Request the appropriate forms from your retirement plan administrator and name Disability Belongs™ as a beneficiary in your assets | Retirement assets grow tax-free until withdrawal. When retirement funds are left to charity, the organization does not pay any income tax | $__ or __% to Disability Belongs™, tax identification number 46-2840232, located at 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405 to support their general operations or for the support of (name of program) |
IRA |
For donors aged 70 or older, up to $100,000 can be transferred from regular individual retirements accounts directly to an organization of your choice every year, free of income tax | Do not withdraw the funds, but instead name Disability Belongs™ as a beneficiary for a direct transfer | Allows for state income tax savings | $__ or __% to Disability Belongs™, tax identification number 46-2840232, located at 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405 to support their general operations or for the support of (name of program) |
Life Insurance |
Donors can make contributions from the savings from their life insurance policies | Request a form from your insurance company to add Disability Belongs™ as a beneficiary. Or take out a policy and make Disability Belongs™ the owner and beneficiary, while making the premium payments as an annual gift | Premium payments result in tax deductions | $__ or __% to Disability Belongs™, tax identification number 46-2840232, located at 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405 to support their general operations or for the support of (name of program) |
Stocks |
Donors can gift stocks to organizations as a charitable bequest | Instruct your stock-holding institution to electronically transfer shares to Disability Belongs™, then notify Disability Belongs™ of your gift | The donor receives a charitable tax-deduction based on the value of the stock. There is no obligation to pay capital gains taxes on the appreciation | |
Donor-advised Fund |
A fund that donors can use to recommend charitable contributions to charities or organizations of their choice | Name Disability Belongs™ as a beneficiary to your fund, and add our legal name and federal tax ID to the appropriate documents | Donors receive an immediate tax deduction | |
Bequest |
A gift in your will or living trust that lists an organization as a beneficiary | Contact your bank and lawyer add Disability Belongs™ as a beneficiary to financial documents and leave instructions on how the funds will be distributed. Be sure to provide Disability Belongs™’ legal name and federal tax ID | Tax benefits, most notably reductions in estate tax
Recognition and legacy at Disability Belongs™ |
“I give to Disability Belongs™ (tax ID # 46-2840232) whose address is 43 Town & Country Drive, Suite 119-181, Fredericksburg, VA 22405, __ (insert cash amount) in support of __” |
Disclaimer: The information provided here is not a substitute for legal advice. If you are considering making a planned gift, please consult a lawyer or other legal service before doing so. For more information about our planned giving processes, please contact Disability Belongs™ at (202) 517-6272, or email us at FranklinA@DisabilityBelongs.org.
