Charitable giving can be a meaningful part of your estate planning. It can help maximize tax advantages now and support philanthropic interests beyond your lifetime. You have the opportunity to develop a clear picture of funding priorities and benefits you want to achieve.
We encourage you to consider a planned gift to Little Brothers – Friends of the Elderly, Boston Chapter – a resource for your charitable giving needs. We offer several planned giving options to provide benefits for you and your family.
If you have any questions or would like to discuss planned giving, please email Nikki Therrien or call her at 617-524-8882.
A bequest is a form of giving accomplished by including a few sentences in your will or living trust. If you’ve already created your will, your estate planning attorney can easily make an amendment, called a codicil.
The suggested bequest language for Little Brothers – Friends of the Elderly, Boston Chapter is: I give to Little Brothers – Friends of the Elderly, Boston Chapter, a Massachusetts non-profit organization, whose present address is 3305 Washington Street, Jamaica Plain, Massachusetts, and its successors forever, the sum of $___ (or a percentage of the estate) (or the description of property or stock, etc.) to be used in such a manner as its Board of Directors determines.”
A bequest may be modified or revoked at any point in your lifetime.
Little Brothers may be named as a beneficiary on your insurance policies, or your savings, checking, or pension accounts. You retain ownership of the policy or account, and the right to change your beneficiary during your life time. You can also designate Little Brothers – Friends of the Elderly as a partial beneficiary for a percentage of the death benefit of your life insurance. For example, you could designate 90 percent of the benefit to your family, and the remaining percentage to Little Brothers.
You may be able to directly rollover your IRA to a charity, like Little Brothers, without incurring a tax liability. In 2013, extended charitable IRA legislation allows for the transfer of up to $100,000 for donors age 70 ½ and older, tax-free.
Any gift you make to Little Brothers – Friends of the Elderly, Boston Chapter, can be made in someone’s honor or memory.
While Little Brothers – Friends of the Elderly can be named as a beneficiary of an existing trust, Little Brothers does not enter into Bargain Sales, Charitable Lead Trusts, Charitable Gift Annuities or Charitable Remainder Trust with donors.
We are a 501 (c)(3) organization. Our EIN is 04-2681294.