Planned Giving

Thank you for considering a planned gift to Serving Seniors! By including Serving Seniors in your estate and financial planning, you will play a key role in securing the future of the organization and leave a lasting legacy of your support for seniors in poverty.

For information on gifts of appreciated securities or making an estate gift to Serving Seniors, please contact Edith Glassey, VP of Philanthropy at 619-487-0608 | edith.glassey@servingseniors.org

Gifts of Stock

Giving a gift of publicly traded, appreciated stock is an easy, meaningful way to support Serving Seniors.  If you’ve owned your stock shares for more than one year, you’re eligible for tax benefits upon transfer of shares.  You can claim a charitable income tax deduction equal to the stock’s value at time of transfer, regardless of original cost. Please consult with your professional advisor.  

To transfer a gift of stock to Serving Seniors, please provide your broker with this information:

Serving Seniors’ Broker: Charles Schwab
Account Name: Serving Seniors Cash Reserves
Account Number: 9199-5187
DTC Number: 0164
Serving Seniors’ Tax ID: 95-2850121

GIFTS OF WILLs AND TRUSTS

By naming Serving Seniors in your will or trust as a beneficiary of your estate, you help ensure that low-income seniors in San Diego continue to receive the compassionate care and high-quality services they need. Charitable bequests also reduce the size of your taxable estate, resulting in potential estate tax savings. Please consult with your professional advisor. 

For information, contact Edith Glassey at edith.glassey@servingseniors.org or at 619-487-0608.

Sample Language:

While you should consult your attorney about the precise legal requirements necessary under your state’s laws, here are some suggestions for language you and your attorney might include in your Will or Trust: 

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Serving Seniors (Tax ID #95-2850121), located in San Diego, CA , all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Gift Language

Naming Serving Seniors as a beneficiary of a specific amount from your estate is easy:

I give and devise to Serving Seniors (Tax ID #95-2850121), located in San Diego, CA , the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).

Contingent Gift Language

Serving Seniors can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Serving Seniors (Tax ID #95-2850121), located in San Diego, CA , the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

IRA Rollovers

Taxpayers age 70 ½ or older may transfer up to $100,000 annually from their IRA account directly to charity without first having to recognize the distribution as income. If you’re required to take a minimum distribution from your plan but don’t need the money for living expenses, consider donating it instead. Please contact your IRA administrator for information and forms.

Retirement Plans and Life Insurance Policies

You can designate Serving Seniors as the beneficiary of assets on your retirement plan or life insurance policies while maintaining complete access to your plan assets during your lifetime. Contact the custodian of your retirement account to update the beneficiary designations information. Donors are encouraged to consult their tax advisor or financial planner to determine how these options impact their finances.

Securities Transfer

An outright gift of securities has an immediate impact on Serving Seniors. Gifts of marketable, long-term appreciated securities allow you to save taxes in two ways: you receive a charitable gift deduction and avoid all capital gains taxes. Direct transfers can be made by submitting a Letter of Instruction for Share Transfer to your broker.

Charitable Gift Annuitie

The benefits of charitable gift annuities include an immediate charitable tax deduction and an avoidance of capital gains tax on the gift portion of the annuity, with the remaining capital gains tax spread over the donor’s life expectancy. Regular guaranteed income is paid to the donor; a portion of the income stream may be tax-free.

You can fund a charitable gift annuity with cash or appreciated securities to form an irrevocable contract, with the remainder transferred to Serving Seniors’ endowment fund upon the death of last beneficiary.

Endowment Gifts

An endowment gift demonstrates your enduring commitment to Serving Seniors. It is maintained in perpetuity and only the interest income is spent for the purposes specified by the donor. An endowment fund, which typically bears the name of the donor(s), reflects your interests and serves as a testament to your generosity for years to come.

Please notify us of your intent to make a planned gift so that we can acknowledge your gift and provide you with information for your tax return.