Planned Giving and Bequests
You can help Families First of Palm Beach County to continue to Build Stronger Families and Stronger Communities. Planned or deferred gifts enable Families First to maintain and expand our services and resources to help more families with children.
The term “Planned Giving” refers to charitable gifts that require some planning before they are made. Whether a donor uses cash, stocks, bonds, paid-up life insurance, Individual Retirement Account, real estate, or other financial assets, the benefits of funding a planned gift can make this type of charitable giving very attractive to both the donor and the charity. Planned gifts are popular because they can provide the donor with valuable tax benefits and, in some cases, income for life.
Your attorney and/or financial advisor can advise you of the various types of chartable trusts and the estate tax benefits of each, and assist you in setting up a planned gift that meets your needs.
Bequests to Families First of Palm Beach County
One of the easiest ways to make a gift to Families First is by leaving our agency a bequest in your Will or through your revocable living trust.
There are several ways you can do this. One way is to give a specific amount of money to Families First. Another way is to give a specific property to Families First. A third way is to give a specified percentage of the residue of your estate to Families First (the residue of your estate is that which is left over after all the specific gifts have been made, whether charitable or non-charitable, and estate taxes [if any], debts and administration expenses are paid).
Families First should be referred to in your estate planning documents as “Families First of Palm Beach County or its successor.” A bequest may be included in the body of a Will or as a codicil (amendment) to the Will. If you use a living trust for your estate plan, a distribution to Families First may be included in the body of the living trust document or as part of an amendment to the trust. Gifts made through a bequest typically provide an estate tax deduction. We suggest you consult with your attorney and/or financial advisor for specific information.
PLEASE NOTE: That Families First of Palm Beach County does not provide legal or financial advice. Should you be interested in making current charitable contributions or to utilize planned giving options in the future to Families First please consult your attorney or financial advisors.