Wills and Living Trusts
Please include Communities In Schools in your will or living trust and your legacy will continue after your lifetime. No charitable gifts can be made from your estate without a stated designation through a will. To do so, please use the following bequest language:
“I, [name], give, devise and bequeath to Communities In Schools of Central Texas, the sum of [$ ______ or ____ % of my estate].”
Life Insurance & Investment and Retirement Assets
Is it possible that you have not named a contingent or secondary beneficiary on your life insurance or not know whom you have named as your beneficiary?
You can name Communities In Schools of Central Texas as your primary or contingent (secondary) beneficiary on your investment accounts. Please consider reviewing your beneficiary information and designating Communities In Schools of Central Texas as your primary or contingent (secondary) beneficiary on your 401(k), 403(b), IRA, Annuities, or Life Insurance policy.
These assets require separate beneficiary forms. The beneficiaries of these assets can be easily modified at any time to meet your changing needs. For workplace accounts, you may be able to make your designation online or through your HR department. For private accounts, you can contact the investment company to request a beneficiary designation form.
Please use the following language:
“I designate Communities In Schools of Central Texas to receive the sum of [$ ______ or ____ % of my account/policy].”
Because most retirement plans are tax-deferred and therefore subject to income tax to your beneficiaries, retirement assets make ideal gifts to Communities In Schools of Central Texas. Naming Communities In Schools of Central Texas as the beneficiary of retirement assets upon death generates no income taxes. The impact your designation will have on students in Central Texas will be amazing. Thank you for leaving a legacy.
We sincerely hope you will contact us about leaving a gift that will have a lasting impact for years to come. Carmine Salvucci, firstname.lastname@example.org or 512-464-9716, would be honored to answer your questions and help you process your gift.
The information contained herein is for explanatory purposes only and is not intended to be used as tax advice. Mobile Loaves & Fishes recommends that you contact a professional tax advisor who can provide you with additional information on how your participation in the programs mentioned on this site may affect your personal tax situation.