One of the best ways you can provide hope and healing for emotionally troubled children is by ensuring that Brooklawn will be here for generations to come. Making a donation through a planned gift is a great way to create a legacy of support for Brooklawn while providing for your own future. Planned giving offers significant benefits to both Brooklawn and you, the donor.
If you desire, donors making planned gifts are eligable for inclusion as a member of the Brooklawn Heritage Society.
Before going further, you may want to become familiar with many of the terms used when discussing a planned gift.
Planned Gifts include:
Cash, Stock, Real Estate, Paid Up Life Insurance.
Recently, Brooklawn received a gift of stock valued at $20,000 from two long-time donors. It is Brooklawn’s policy to immediately sell the stock and use the proceeds to further the Brooklawn mission in accordance with the donors’ wishes. The gift allowed the donors a charitable tax deduction, and both the donors and Brooklawn avoided capital gains taxes. These are just a few of the ways you can play a positive role in a troubled child's life.
Brooklawn's endowment provides a funding stream to support the Brooklawn mission forever, and offers financial support in the areas of Programs, Activities, Education and Facilities.
Brooklawn uses only the interest of the endowment, retaining the principal reserve of money, so that the income and the care will continue forever.
Gifts of $10,000 or more to Brooklawn's endowment can be named to honor or memorialize anyone a donor wishes and is a great way to ensure that a person's legacy lives on forever.
Making a bequest to Brooklawn is simple, just follow these steps:
A charitable gift annuity is a contract between you and Brooklawn. In exchange for an irrevocable gift of cash or securities, Brooklawn agrees to pay one or two persons a fixed sum monthly, quarterly, or annually for life.
Creating a charitable gift annuity is a way to contribute to Brooklawn, receive a guaranteed income, and benefit from a tax savings. The gift rate and tax savings for a charitable gift annuity vary from person to person, depending on age and number of beneficiaries.
A charitable remainder trust is a gift plan that provides income to one or more benficiaries for their lifetimes, a fixed term of not more than 20 years, or a combination of the two. Assets, usually cash, securities or real estate, are transferred to a trust which pays income to the beneficiaries for the term of the trust. When the trust term ends, the remainder in the trust passes to the charity.
This planned gift can be established as a Charitable remainder Annuity Trust (CRAT) with a fixed payout or as a Charitable Remainder Unitrust (CRUT) with a variable payout.
Creating a charitable remainder trust can potentially:
For more information on Planned Giving, contact:
Mike Schultz