Your legacy means a lot.
Did you know that you can make a lasting impact today by providing support in our community for those served by Tri-Cities Chaplaincy? Let us help you get started. By including Chaplaincy in your estate plans, together, we can make a difference for those who need us most.
Is Tri-Cities Chaplaincy in your will, trust, or other estate plans? Let us know so we can add you to our Legacy Society. Please contact us at (509) 783-7416, email@example.com, or complete the below form and e-mail or mail it back to us.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney, financial advisor, CPA, or trusted expert.
Wills and Bequests
Remembering Tri-Cities Chaplaincy in your will or bequest is a meaningful way to make a lasting impact on those in our community who need us most.
Creating a will and estate plan is a good first step in protecting the people closest to you and the assets you’ve worked so hard to accumulate.
A retirement plan can be a tax-efficient and simple way to include Tri-Cities Chaplaincy in your estate plan.
Most people do not use all of their retirement assets during their lifetime, and those remaining assets, including trading accounts, can be used to make a gift to provide care for others.
The best method is to name Chaplaincy as a beneficiary on your plan’s beneficiary designation form. Because charities do not pay income taxes on the donations they receive, those distributions will not be taxed as income.
If you have a life insurance policy that you no longer need because of a change in your life circumstances, you can give a paid-up policy, or even a policy on which you are still paying premiums.
There are two simple ways to set up a gift of life insurance:
- You can irrevocably designate Chaplaincy as the owner and beneficiary of your life insurance policy. By doing so, you may be entitled to a generous charitable income tax deduction.
- You can name Chaplaincy as irrevocable beneficiary, but retain ownership of the policy itself. Call or write to your insurance company to request a form to make this change of beneficiary.
If you are 70 ½ or older, you can make a contribution of up to $100,000 annually from your IRA account to help Chaplaincy Health Care.
A donation transferred directly from your IRA is not considered federally taxable income for you, but it does count toward your required minimum distribution.
Those who have included Tri-Cities Chaplaincy in their estate plans or through life income gifts are welcomed into our Legacy Society. These donors’ legacy of giving helps provide vital community support today and in the years ahead. Participation in the Legacy Society gives you important benefits, including: annual recognition in our donor newsletter, invitation to special events, and access to special updates.