Planned Giving Beneficiary Designation

Supporting our mission after your lifetime is easy to do by designating CHC as a beneficiary for retirement plans, bank accounts, or life insurance policies. No lawyers needed. Simply complete and sign a beneficiary form that is readily available from your financial institution or plan administrator. It is totally separate from your will. You can have single or multiple beneficiaries. And you can adjust beneficiary designations anytime you want.

As little as one sentence of bequest language is all that is needed to complete your gift. Below is sample language you might use:

General Bequest:

“I give and bequeath to Creating Housing Coalition of Albany, Oregon $ _______ (or ____ % of my estate; or a description of a specific asset), for the benefit of Creating Housing Coalition and its general purposes (or for a specific purpose as indicated).”

Residuary Bequest:

“All the rest, residue, and remainder of my estate, both real and personal, I give to Creating Housing Coalition of Albany, Oregon for its general purposes (or for a specific purpose as indicated).”

Contingency Bequest:

“I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to Creating Housing Coalition for its general purposes (or for a specific purpose as indicated).”

You may designate your bequest in two ways:

  • For the general purposes of CHC (an unrestricted bequest)
  • To be used to support a particular program, fund, or aspect of our work (a restricted bequest)

Benefits for the donor

Reduce taxes: Your donation may be exempt from federal estate and income tax. (Example: at a 28% marginal income tax bracket, a $75,000 IRA left to your heirs could incur $21,000 in income tax. Gifting it to CHC would mean that CHC benefits from the full $75,000, tax free, to carry on your legacy of helping people in need.)

You can still use the money: You may continue to take withdrawals from the plan or account during your lifetime. Any remaining money will be transferred to your designated beneficiaries upon your death.

Flexibility and control: You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable – you can make changes at any time.

Important: The material presented in this website is intended only as general educational information and should not be interpreted as legal, financial or tax advice. Figures cited in examples are for hypothetical purposes only and are subject to change. We encourage you to consult your financial, tax, and/or legal advisors to obtain guidance specific to your individual situation and philanthropic goals.

Make a donation or reach out to us about planned giving today!

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