Leave a Legacy in Your Will
Your will affirms, honors, and protects what matters most in your life – your loved ones, your principles, your values.
Through estate planning, you can help ensure that reproductive health care, sex education, and women’s rights will continue for generations to come. Including Planned Parenthood of Maryland in your will is one of the most meaningful and generous gifts you can make.
When naming Planned Parenthood of Maryland as a beneficiary of a bequest you have two options:
Planned Parenthood of Maryland, Inc.
Funds directed towards Planned Parenthood of Maryland, Inc. will go into a restricted account that is controlled by the board of directors and intended for general operating expenses.
Planned Parenthood of Maryland Endowment Fund, Inc.
Funds directed towards the Planned Parenthood of Maryland Endowment Fund, Inc. will be invested with proceeds used to support the capital and mission needs of Planned Parenthood of Maryland, Inc.
You may make a specific bequest, which is a gift of a particular dollar amount or particular asset, for example: “I give, bequeath and devise (dollar amount or description of asset) to __________ (specified beneficiary), now or formerly in the city of Baltimore, in the state of Maryland, to be used for its general purposes.”
You may make a residuary bequest, which is a gift of all or part of the property remaining in your estate after debts, expenses, and specific bequests have been paid (usually stated as a percentage), for example: “I give, bequeath and devise (all, or ___% of) the rest, residue, and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to __________ (specified beneficiary), now or formerly in the city of Baltimore, in the state of Maryland, to be used for its general purposes.”
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Click here to download a PDF Estate Planning Brochure.
Charitable Gift Annuities
Are you interested in making a meaningful contribution to Planned Parenthood of Maryland today and supporting future generations tomorrow? Do you want to receive fixed income for life, an immediate charitable tax deduction, and reduced capital gain tax? Then a Charitable Gift Annuity may meet your objectives.
Click here to download a PDF Charitable Gift Annuities Brochure.
As of November 2009, the new minimum age for a Charitable Gift Annuity is 70, the new minimum gift is $10,000 for an individual and $20,000 for a couple and the new maximum deferral is 5 years.
IRA Rollovers
On December 17, 2010, the President signed into law The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. This bill restores the IRA Charitable Rollover for 2010 and permits its use in all of 2011. The act is retroactive to January 1, 2010, so donors who previously made 2010 IRA rollovers will qualify.
The principal rules for direct transfers from an IRA to a qualified public charity are that the IRA owner must be 70 ½ or older and that the transfer is for no more than $100,000 each year. A 2010 transfer qualifies for the required minimum distribution. It must be to a public charity either outright or for a specific purpose, but may not be to a donor advised fund or supporting organization. The transfer is made directly from a custodian or trustee to the charitable organization.
A very important potential 2010 benefit exists. Because Congress recognized that it is very late in the year, individuals who choose to make a qualified charitable distribution (QCD) rollover from their IRA trustee to a charity may make their 2010 charitable gift during 2010 or in January of 2011. For more information, consult with your financial or tax advisor.
Questions?
Email development@ppmaryland.org or call us at: 410-576-2150.
