Leave a Legacy Gift to the Children of El Paso—Planned Giving
Leave a legacy gift to the children of El Paso by remembering the Lee & Beulah Moor Children’s Home in your will or other estate planning document.
Through a planned gift, you can ensure that the agency’s strength, stability, and commitment to service will continue for years to come. Your foresight and generosity of an estate gift can ensure our continued success and viability.
Beneficiary Designation of an Insurance Plan or Retirement Plan
You can include Lee & Beulah Moor Children’s Home in your estate plan by designating the agency as a beneficiary of an insurance policy, annuity, or a retirement plan. Gifts made this way come directly to Lee & Beulah Moor Children’s Home and avoid probate.
Bequests Through Your Will
If you own anything at all, you own an “estate.” Included would be not just real estate but also cash, all property, investments, retirement plans, life insurance, and other assets. Your estate may be larger than you think. Keep in mind that your property is not valued in terms of what it cost you originally. In fact, in many cases, its value may have substantially increased.
Considering that today’s modest estates are larger than the average estates of past generations, more people are finding it desirable and possible to make charitable bequests after taking care of the needs of loved ones. If you have already included Lee & Beulah Moor Children’s Home in your will, please let us know. This information can help us with long-range planning. And, we can work with you to ensure that your gift will be used according to your intent.
Reasons For Donating To Our El Paso Children’s Home
A gift to Lee & Beulah Moor Children’s Home in your will or revocable trust proclaims your confidence that we will continue to pursue our mission and make a difference in the lives of future generations. A bequest is:
• Easy to arrange
• Does not affect your assets or cash flow during your lifetime
• Revocable
You may have planned your estate through a revocable trust instead of a will. A transfer to Lee & Beulah Moor Children’s Home from your trust will bring you the same tax and planning benefits as a bequest from a will.
Your bequest or trust distribution to us will reduce the value of your estate for federal estate tax purposes, and will also be exempt from state inheritance taxes.
You Can Make Your Bequest in Several Ways:
A bequest can deliver a specific dollar amount or asset to Lee & Beulah Moor Children’s Home, or it can give us a percentage of the balance remaining in your estate after taxes and specific bequests have been paid. It can also be payable if an individual beneficiary is not able to inherit.
• Specific Bequest-“I bequeath Twenty Thousand ($20,000) Dollars [or: all my Company X stock] to Lee & Beulah Moor Children’s Home, a Texas nonprofit corporation located in El Paso, TX.”
•Residuary Bequest-“I bequeath Ten Percent (10%) of the residue of my estate to Lee & Beulah Moor Children’s Home, a Texas nonprofit corporation located in El Paso, TX.”
• Contingent Bequest-“If my daughter does not survive me or is unable to inherit this bequest, I direct that it be paid to Lee & Beulah Moor Children’s Home, a Texas nonprofit corporation located in El Paso, TX.”
Restricted/Unrestricted Bequests
A bequest can be directed to a specific program or purpose (restricted) at Lee & Beulah Moor Children’s Home, or you can tell us to apply it to our general fund or use it for the need that we believe is most pressing at the time it is received (unrestricted). So that it can be most useful, we prefer that the terms of a bequest be as general as possible, and ask you to consult us if you are considering a bequest for a restricted purpose.
Bequests are fully deductible from estate taxes for the amount of a cash bequest or the fair market value of other asset given. Bequests can be used to fund charitable trusts. We hope you will take time to organize your own estate plans so you can be assured your wishes will be carried out.
Start The Gift Giving Process Now
For assistance in making a gift or bequest to LBMCH, please call Renee Tanner, CEO, at 915-544-8777 ext. 235. There is never an obligation to give when you request information about gift opportunities.
