Alum Rock Counseling Center (ARCC) invites you to make a gift that will support the agency’s long-term financial health and help ensure that we can carry out our mission to heal families and inspire youth to reach their full potential for generations to come.
SOME PLANNED GIVING OPTIONS
If you are interested in naming Alum Rock Counseling Center as a beneficiary of your will, charitable trust, retirement account, or life insurance policy, please use the legal name of our organization, “Alum Rock Counseling Center Inc.” Our Tax ID # is 23-7367637.
Please be aware that the most useful and versatile gifts for ARCC are those which are designated as “unrestricted”. Unrestricted gifts can be targeted towards the most pressing and critical needs of our agency during any given time. If you are interested in designating your bequest towards a specific purpose, please contact Chief Development & Communications Officer, Stacy Dryer, at 408.930.2665 or development@alumrockcc.org in order to ensure that we will be able use your gift as specified.
ARCC kindly requests that you notify the Development Office of your intention to include us in your estate plans, so that we may include you in our Legacy Society, as well as on associated invitations and announcements.
We deeply appreciate your investment in the long-term health and well-being of our agency.
WILLS / BEQUESTS
For many youth and families, the support they receive through ARCC’s programs and services is a gift that lasts a lifetime. The skills they learn, the life paths they choose, and who they ultimately become often benefits not only them, but their families, their children, their friends, and the communities in which they work and live. Designating Alum Rock Counseling Center as a beneficiary of your will or trust is a beautiful way to honor the value of that experience. Through your planned gift, you can help make it possible for future generations of youth to continue to “pay it forward” and embrace life-giving cycles of abundance, academic success, and emotional, physical & financial thriving.
See sample Will and Bequest language
Benefit to donor: Retain ownership and control of the assets and defer the gift until after your lifetime at which point you can qualify your estate for a charitable deduction.
CHARITABLE REMAINDER TRUSTS
With a Charitable Remainder Trust, you irrevocably transfer assets to a trust and arrange for payments to be made to you as the donor or your beneficiaries for a certain term of years (maximum of 20) or until the end of your (or another’s) life. Income is payable either in fixed or variable amounts depending upon the type of remainder trust that you establish (i.e., Annuity Trust or Unitrust). The amount of income you or your beneficiaries are able to receive depends, in part, upon your age or the age of your beneficiaries. Upon the termination of the trust, Alum Rock Counseling Center receives the remainder of the assets.
Benefit to donor: Create a lifelong revenue stream for you or your beneficiaries while receiving an immediate tax deduction; achieve income tax deferral on sale or transfer of appreciated property, including capital gains on highly appreciated assets, such as deeds, stock, real estate, and even closely held business ownership.
CHARITABLE LEAD TRUSTS
With a Charitable Lead Trust, you irrevocably transfer assets to a trustee and arrange for payments to be made to Alum Rock Counseling Center at an agreed upon rate for a certain term of years or until the end of your (or another’s) life. At the end of the term of the trust, the assets are transferred back to the donor or to a designated beneficiary (or beneficiaries).
Benefit to donor: Receive an income tax deduction now and reduce gift and estate taxes on assets passing to heirs.
LIFE INSURANCE
A simple way to benefit ARCC is to name Alum Rock Counseling Center as a beneficiary of a new or existing life insurance policy. To achieve additional estate tax and/or income tax planning benefits, you might also consider transferring ownership of the policy to ARCC as well. Through such a transfer, you can potentially obtain an income tax deduction not only for the present cash value of the policy but, with proper planning, the future policy premiums you pay.
Benefit to donor: Make a large-impact gift at relatively small or no cost to yourself. Possibly obtain current income tax deductions. Such a transfer could exclude the policy from your estate, providing estate tax savings to your heirs.
RETIREMENT ACCOUNTS
You can name Alum Rock Counseling Center as a beneficiary of your individual retirement account (IRA), 401(k), 403(b), Keogh plan, employer retirement plan, or other qualified pension plan.
Benefit to donor: Avoid the twofold taxation (i.e., estate tax and income tax) on retirement plan assets. With proper planning, designating Alum Rock Counseling Center as a beneficiary can provide benefits to ARCC and significant tax savings to the beneficiaries of your estate.
CONTACT US
(408) 294.0500 (Main office)
408.930.2665 (Stacy Dryer, CDCO)
development@alumrockcc.org