Give a Legacy
Ways you can give
- Bequests in your will or living trust
- Designating us a beneficiary
- Donate with an IRA charitable contribution
- Setting up trusts and annuities
Bequests in your will or living trust
Have you remembered StandUp for Kids in your will or living trust? Doing so allows you retain control of your funds/assets during your lifetime and brings no risk to your living financial security. Note that you can modify or revoke this for any reason, and bequests may be exempt from estate taxes. Here is language you can provide your attorney:
I give to StandUp for Kids, Inc., a 501(c)(3) charitable organization, whose national headquarters is 200 Nelson Ferry Road, Suite B, Decatur, GA 30030, Tax ID 33-0414855, the sum of $_____, for its general purposes.
Designating us a beneficiary
Designating StandUp for Kids as the beneficiary of your assets is the simplest way to give, has no cost, and doesn’t even require a trip to your attorney. You can designate us as the beneficiary on life insurance policies, commercial annuities, financial accounts (checking, savings, etc.), and charitable rollovers. Simply contact the institution that manages your account and request a beneficiary designation form. For purposes of completing the form, our legal name is: StandUp for Kids, Inc., 200 Nelson Ferry Road, Suite B, Decatur, GA 30030. Our tax identification number (EIN) is 33-0414855.
Donate with an IRA charitable contribution
Qualified charitable distributions (QCDs) to eligible charities up to $105,000 avoid being subject to federal income taxes. You can make IRA-qualified charitable distributions from traditional IRAs, inactive Simplified Employee Pension (SEP) plans, and inactive Saving Incentive Match Plan for Employees (SIMPLE) IRA.
If you are age 70 ½ or above, you may give a gift from your IRA as a tax-free distribution to a qualified charity. This means an amount (up to $105,000 annually) transferred from your IRA directly to a charity like StandUp for Kids can count toward your required minimum distribution without being considered taxable income for you. The distribution, also known as an IRA Charitable Rollover, is authorized by Section 408(d)(8) of the Internal Revenue Code.
As a qualified charitable IRA rollover, the gift must be transferred from a traditional IRA directly to a qualified public charity like StandUp for Kids and must be completed during the applicable tax year.
Download a sample IRA letter here.
Setting up Trusts and Annuities
A life income gift provides you (and your loved ones, if applicable) with income to help meet financial needs while you’re alive, and allows you to make a future gift to StandUp for Kids. These gifts range from charitable gift annuities, charitable remainder unitrusts and charitable remainder annuity trusts. No matter which is right for you, you are helping to create a legacy of support in our mission to end the cycle of youth homelessness. Learn more about trusts and annuities, and consult your financial advisor to get started.
Notes
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If you have any questions, please contact our national office at 1-800-365-4KID or [email protected].
- We do not accept gifts of timeshares.
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StandUp for Kids does not provide tax, legal, or accounting advice. This material is prepared and made available to you for informational purposes only. You should always consult a tax professional to determine your tax benefits that may result from any particular type of gift to charity.