Legacy gifts enable you to make a lasting contribution to Special Olympics New Hampshire at a level you may not have been able to achieve during your lifetime.
Gifts by Will (Bequests)
Including a bequest to Special Olympics New Hampshire in your will is one of the simplest ways to make a legacy gift. A bequest can be made by preparing a new will or by adding a codicil to your existing will. Gifts through your will provide flexibility in giving through specific unrestricted bequests that specify a dollar amount or percentage of your estate; residuary bequests that give all or a portion of what is left of your estate after all other distributions; or contingent bequests that occur once a specified event has occurred.
Gifts of Life Insurance
Life Insurance can be a valuable and sensible way to make a legacy gift. Many life insurance policies have outlived their original purpose to provide financial security for a dependent spouse or children. If this is the case, there are several ways life insurance can serve as the basis for a charitable gift.
- Name Special Olympics New Hampshire as a beneficiary of your policy
- Transfer ownership of an existing policy or purchase a new policy for Special Olympics New Hampshire
- Use life insurance to replace assets for your heirs
Retirement Plan Assets
This option is becoming increasingly popular. Naming Special Olympics New Hampshire as a beneficiary of your retirement plan can be an attractive option for creating a legacy while reducing income and possibly estate taxes for your loved ones. Since Special Olympics New Hampshire is a tax-exempt organization, naming us as a beneficiary means that 100 percent of your gift will go toward empowering athletes for years to come.
Charitable trusts offer many options and benefits for people interested in legacy giving in conjunction with caring for their loved ones after they have gone.
With a Charitable Remainder Trust, you irrevocably transfer assets to the trust and then the trust makes payments to you or another beneficiary for life or for a specified term. Upon the death of the last surviving beneficiary the remaining assets of the trust are distributed to Special Olympics New Hampshire.
A Charitable Lead Trust virtually mirrors the charitable remainder trust except that payments are made to Special Olympics New Hampshire (or the charity of your choice) for your lifetime or another specified time frame.
For your planning purposes, please note:
Legal Name: Special Olympics New Hampshire
Address: 650 Elm Street, Manchester, NH 03101
Federal Tax ID Number: 23-7207522
For more information about Planned Giving, please contact:
Connie Grandmason, Director of Bequests and Estate Gifts