Legacy Planned Gifts

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Legacy planned gifts are a wonderful way to catalyze and ensure the future of the Brazelton Touchpoints Center (BTC) while also accommodating your own personal, financial, and philanthropic goals. Through smart estate planning that includes charitable gifts, you may actually increase the size of your estate and/or reduce the tax burden on your heirs, and simultaneously leave a legacy for generations of future families and children whom we serve.

Dedicated individuals and families have helped build and strengthen our mission since 1996 through these legacy planned gifts while leaving a legacy for the children and families of tomorrow, and now you can make your mark too. Learn more in the sections below, and contact Dr. Joshua Sparrow to explore the various options and mutual benefits of planned giving. Donors may also find it helpful to speak with their personal investment advisors or legal counsel.

Making a legacy planned gift

There are several options for donors seeking to make a legacy planned gift to BTC: 

Gifts by Will or Living Trust: Include a bequest provision in your will or revocable trust. At your death, BTC receives the bequest you specified.

  • You may change your bequest or trust designation at any time
  • You control the funding property during your lifetime
  • Your bequest or trust designation will not be subject to any potential federal estate tax
  • You provide future support for BTC’s programs

Gifts that Pay You Income: Life-income gifts, such as gift annuities and charitable remainder trusts, can provide donors with an income stream, significant tax savings, and the satisfaction of providing BTC with vital long-term resources.

Gifts from Retirement Plans: Many individuals use their individual retirement accounts (IRAs, 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans) to fund legacy planned gifts. Simply name BTC as a beneficiary of all or part of your retirement plan benefits, and your plan administrator will transfer the assets to BTC upon your death. The benefits of this type of gift include:

  • Your heirs pay no federal income tax on the funds that pass to BTC
  • Retirement plan transfers are excluded from federal estate taxes
  • You can make a significant gift to support BTC programming

Gifts of Life Insurance: Sometimes people find themselves with life insurance policies they no longer need for a variety of reasons. You assign all the rights in your insurance policy to BTC, designate us as irrevocable beneficiary, and then receive an income-tax deduction. BTC may surrender the policy for its cash value or hold it and receive the proceeds at your death.  Benefits include:

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to BTC to pay these premiums
  • BTC receives a gift it can use now or hold for the future 

There are additional planned giving vehicles that may be options for your individual financial and estate planning needs. Please contact Dr. Joshua Sparrow, or speak to your financial advisor or legal counsel to discuss your options.  

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