EACH AND EVERY GIFT MAKES A DIFFERENCE
Planned giving is the thoughtful process of arranging a gift to a BPSI. It serves to focus your philanthropic goals and maximize your tax saving and estate benefits. It is a gift that may be used today to support current educational endeavors or it may be planned now, to be received in the future. A planned gift is a simple and affordable way to leave a lasting legacy at BPSI.
HOW A PLANNED GIFT TO BPSI BENEFITS YOU
Planned gifts are designed to help meet your financial and family goals while simultaneously fulfilling your wish to further BPSI’s mission. The right type of gift arrangement can play a valuable role in strengthening your own long-term financial plans, provide you with lifetime income, preserve your assets, and offer tax advantages. It may also make it possible for you to make a larger gift to BPSI than you originally thought possible.
Today’s financial world offers a range of planned giving vehicles available to individuals and families including:
Here is sample language for your Will or Revocable Living Trust:
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Boston Psychoanalytic Society and Institute, located in Newton Centre, MA, 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 BPSI as a beneficiary of a specific amount from your estate is easy:
I give and devise to Boston Psychoanalytic Society and Institute, located in Newton Centre, MA, 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
BPSI 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 Boston Psychoanalytic Society and Institute, located in Newton Centre MA, 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).
Making a charitable gift from your retirement plan is straightforward and should not incur any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, return the form to your plan administrator and notify BPSI. You should consult with your tax advisor and/or attorney regarding the complete tax benefits of retirement plan giving.
Important Information: The purpose of the material presented is to provide general gift, estate, and financial planning information, and is not offered as legal or tax advice. State laws govern wills, trusts, and charitable gifts made in a contractual agreement and we strongly encourage you to speak with your financial advisor and/or attorney who can help determine which option(s) best serve your personal financial goals and charitable interests. For additional information or questions, please contact Carole Nathan, Managing Director or Paul Brennan, Business Manager. Carole can also be reached at 617 266 0953, x101. Paul is available at 617 266 0953, x102.
However you choose to make your gift, please know that we are deeply grateful for your consideration and generous philanthropy.
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