Naming Planned Parenthood as a benficiary of your estate is one of the most generous and powerful philanthropic statements you can make. See below for a brief description of the ways that you can include Planned Parenthood in your estate plan.
Call us at 1-866-674-2538 or email Gifts@PPGNW.org to discuss any of the options below!
Planned Parenthood in your Will (Bequest)
A bequest to Planned Parenthood, which is a gift of cash, securities, or other property made through a will, reduces the size of your taxable estate, potentially lowering federal estate or inheritance taxes. You can specify that Planned Parenthood of the Great Northwest receives a particular sum or piece of property, a percentage of your estate, or the remainder of your estate after family and friends have been provided for.
Gifts of Life Insurance or Retirement Funds
Life insurance policies are often no longer needed when family members are provided for in other ways. You can make a significant gift, while possibly realizing tax benefits of your own, by designating Planned Parenthood as the beneficiary of your life insurance policy.
Charitable Gift Annuity (CGA)
A CGA allows you to make a gift to Planned Parenthood now and receive fixed, guaranteed payments for life. It can be funded with cash, CDs, securities, or other property. Setting up an annuity qualifie you for an immediate federal tax deduction, and a portion of each annuity payment is tax-free.
Charitable Remainder Trusts
Similar to a CGA, this type of gift produces income for life, after which time the remainder of the trust goes to Planned Parenthood. You can either opt to have your payments fluctuate as the market value of the trust changes, or have your payments remain at a fixed annual amount based on the value of the trust at the time that it is set up.
Charitable Lead Trusts
This kind of trust is essentially the reverse of a Charitable Remainder Trust – Planned Parenthood would receive the income from the securities or property held in trust for a set period of time, after which the assets are returned to donors (or their heirs). This type of arrangement enables donors with large estates to pass assets on to their heirs with little or no tax penalty.
Planned Parenthood of the Great Northwest is qualified as a tax-exempt not-for-profit organization under IRS code 501(c)3. Gifts to Planned Parenthood of the Great Northwest are tax-deductible to the fullest extent allowed by law.