Bequests
Many of our friends
elect to support SCA by
means of a bequest.
These gifts may be made
either
by will or through a
living trust. Because
bequests do not take
effect until death, a
donor retains
control and use of the
property during life,
but they have the
benefit of knowing that
they have
provided for SCA.
Bequests may be of a
specific dollar amount,
a percentage of an
estate, or
the residue of an
estate, and may be:
* Designated for a
particular purpose or
left unrestricted
* Made to honor the name
of the donor or
memorialize the name of
a loved one
Sample Bequest Language
Bequests should be made
to "Sacramento Child
Advocates, Inc." SCA
will use your gift to
help provide legal
services to the children
in Sacramento County. If
you decide to make a
bequest to SCA, the
following language may
be useful to your
attorney:
I give,
devise and
bequeath to
Sacramento
Child
Advocates,
Inc.: the
sum of
__________dollars
($_____); or
the
following
described
property, to
wit:
_______________________
or
_____percent
(__ %) of
the rest,
residue and
remainder of
my estate to
finance the
operating
expenses of
Sacramento
Child
Advocates,
Inc.
In making
this gift it
is my
intention to
serve SCA and its
clients, and
I desire
that the
foregoing
statement of
purpose be
liberally
construed so
that this
objective
may be fully
accomplished.
If, at any
time in the
judgement of
the
Executive
Director of
SCA, changed
circumstances
substantially
interfere
with the
beneficial
realization
of such
purposes,
then
the funds
may be used
for such
other
similar
purposes as
the
Executive
Director of
SCA
in his/her
discretion
determines
to be
consistent
with my
interests
and
intentions. |
Charitable Lead
Trust
A charitable lead trust
is a way to make a gift
to SCA and to transfer
assets to heirs at a
reduced
gift tax cost. The
concept is simple: you
transfer cash,
securities or other
property to a trust to
last
a set number of years
and designate SCA as the
income beneficiary;
later the trust property
reverts
to your heirs, either
outright or in trust. A
charitable lead trust
can be used to greatly
reduce or
completely eliminate the
gift tax cost of
transferring wealth to
children or
grandchildren. In
addition,
any future appreciation
on the property can be
channeled to heirs
without incurring
further gift or
estate tax liability.
Given the size of gift
and estate taxes, the
savings that can be
achieved through
use of a charitable lead
trust can be especially
significant.
Real Estate
A gift of real estate is
often an effective way
to make a significant
contribution. An
outright gift of real
property entitles the
donor to an income tax
deduction for the
property's full
appraised fair market
value.
A home (including a
second or vacation home)
or farm may be given to
SCA, subject to the
right of
continued use by the
donor and/or other
individual(s). This
arrangement is called a
Retained Life Estate.
The arrangement can be
for life or a set number
of years; once the
tenancy is completed,
SCA will
own the property
outright. A portion of
the appraised value of
the home or farm is tax
deductible in the
year the gift is made.
All potential gifts of
real property must be
evaluated by SCA
representatives to
assess environmental
soundness and
marketability.
For more information
about SCA
please contact
Katie Walker,
Advancement Director at
916-364-2365.
