POPULAR TYPES OF PLANNED GIFTS
WILLS AND TRUSTS
Include a charitable gift to TWT Centers in your will or trust
When you leave a bequest to American Outreach Foundation | TWT Centers, you create one of the most meaningful legacies you can give - helping youth exiting foster care with a real shot at expanding their future and giving them an opportunity to successfully transition to the workplace.
Anyone can make a charitable bequest to American Outreach Foundation | TWT Centers, in any amount.
A bequest can be as simple as:
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a certain dollar amount
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an identified piece of real estate
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a percent of what you own at the end of your life
If you don’t have a will or a trust when you pass away, state law determines what happens to your money and other property.
This information is offered to help you understand some of your options for making a charitable gift to TWT Centers. Only a lawyer or tax professional can give you tax advice.
To make a bequest gift to American Outreach Foundation | TWT Centers, you will need the following information:
Legal Name: American Outreach Foundation | TWT Centers
Address: P.O. Box 2702, Rancho Mirage, CA 92270
Phone Number: (760) 674-4861
Employer Identification Number (EIN): 26-0427467
Please notify American Outreach Foundation | TWT Centers if you choose to make a bequest. This will allow us to thank you for your generosity and help ensure your gift is properly recognized when received.
BENEFICIARY OF RETIREMENT PLAN OR FINANCIAL ACCOUNT
Is it time to update the beneficiaries on your accounts?
Almost any type of financial account allows you to designate a “payable on death” (POD) beneficiary. Sometimes it is referred to as a “transfer on death” (TOD) beneficiary.
If you have Individual Retirement Accounts (IRAs), retirement plans like a 401(k), checking, certificate of deposit (CD), savings, and investment brokerage accounts, you may have the opportunity to make a planned gift to American Outreach Foundation | TWT Centers by simply naming the organization as a beneficiary.
Naming American Outreach Foundation | TWT Centers as a beneficiary of a retirement or other financial account is one of the easiest and most meaningful legacies you can give - helping youth exiting the foster care system a real shot at expanding their future to brighter possibilities and offering these young adults an opportunity to successfully transition to the workplace.
It costs you nothing today! However, it makes a meaningful impact as part of your legacy.
Please notify American Outreach Foundation | TWT Centers if you name the organization as an account beneficiary. This will allow us to thank you for your generosity and help ensure your gift is properly recognized when received.
Please click here to contact us.
TWT CENTERS WILL RECEIVE YOUR GIFT WITHOUT THE DELAY OF PROBATE
Naming American Outreach Foundation | TWT Centers as a beneficiary on your financial or retirement account means that when you pass away, the organization receives your gift without the delay and expense of probate.
Probate is a legal process to determine the validity of a will and helps ensure an orderly administration of a deceased person’s estate. Probate is not always required but when it is, in some situations it can be costly and time-consuming.
By avoiding probate, your gift can make an immediate impact on the youth exiting foster care.
NAMING AN ACCOUNT BENEFICIARY MIGHT HAVE TAX BENEFITS
You may name American Outreach Foundation | TWT Centers as the beneficiary of all or a portion of the assets that are held in these accounts when you pass away.
American Outreach Foundation | TWT Centers pays no income tax on the distribution, so 100% of the gift will be used for giving youth exiting the foster care system a real shot at expanding their future to brighter possibilities and offering these young adults an opportunity to successfully transition to the workplace.
If your estate plan includes tax strategies to benefit the people and causes you love, consult your tax advisor, attorney, or estate planning advisor when designating a beneficiary.
DONATE THE REMAINDER OF YOUR IRA OR 401(K)
You will use your IRA and 401(k) plan savings to enjoy your retirement. After you pass away, your accounts might still have value. When you name American Outreach Foundation | TWT Centers as a beneficiary of your retirement accounts, you help to give youth exiting the foster care system a real shot at expanding their future to brighter possibilities and offering these young adults an opportunity to successfully transition to the workplace.
Certain types of retirement plans may have restrictions limiting your ability to name American Outreach Foundation | TWT Centers as a beneficiary. If you aren’t sure whether your plan allows for charitable beneficiary designations, the plan administrator can provide you with more information.
Contact your financial institution or retirement plan administrator to request a beneficiary designation form, or for instructions to make the designation using your online account access.
DONOR ADVISED FUND BENEFICIARY
During your lifetime, if you use your donor advised fund (DAF) to support American Outreach Foundation | TWT Centers’ efforts. When you pass away, there might still be value remaining in your giving fund, so consider naming American Outreach Foundation | TWT Centers as the final beneficiary. This is a simple and easy way to support a cause you care about, and create a lasting legacy.
For more information about American Outreach Foundation | TWT Centers’ Legacy Society or planned giving, please click here to contact us.
American Outreach Foundation | TWT Centers’ Employer Identification Number (EIN) for tax reporting is 26-0427467.
DONATE FROM A CHARITABLE TRUST
Charitable trusts allow you and your family to enjoy current income tax advantages from the trust assets during your lifetimes while guaranteeing a future gift to American Outreach Foundation | TWT Centers.
These trusts potentially allow you to reduce capital gains tax and future estate taxes. Charitable trusts can provide a variety of estate and financial planning benefits, so the type of trust you choose will depend on your situation and your goals.
Only a lawyer or tax professional can give you tax advice. This information is not intended to be legal or tax advice. It is intended only to help you understand some of your options for making a charitable gift to American Outreach Foundation | TWT Centers. Consult your legal or tax advisor to find out whether a charitable trust is right for you.
CHARITABLE REMAINDER TRUST
A charitable remainder trust, is known as a CRT. A charitable remainder annuity trust is called a CRAT, and a charitable remainder unitrust it is called a CRUT.
These are different ways to create a stream of income for a non-charitable beneficiary (that could be you or a loved one) for a period of years or a non-charitable beneficiary’s lifetime.
You put money in the trust, invest it, and use the proceeds for an income stream. You can name TWT Centers as the charity to receive whatever assets are left when the term of the trust ends, to create a lasting legacy.
A CRT is particularly useful for people who want to create a philanthropic legacy and preserve the value of highly appreciated assets. Tax benefits of CRTs will vary depending on your situation. Talk to your financial advisor, tax planner, or attorney to find out whether a CRT is right for you.
Only a lawyer or tax professional can give you tax advice. This information provided is not intended as legal or tax advice. We encourage you to talk to a tax planning professional to find out how charitable trusts could affect your tax situation.
For more information about American Outreach Foundation | TWT Centers’ Legacy Society or planned giving, please click here to contact us.
American Outreach Foundation | TWT Centers’ Employer Identification Number (EIN) for tax reporting is 26-0427467.
CHARITABLE LEAD TRUST
A charitable lead trust, also known as a CLT, is a way to create a stream of donations to American Outreach Foundation | TWT Centers for a period of years that you choose.
You put money in the trust, invest it, and use the proceeds for charitable donations. When the term of the trust ends, whatever assets are left are given to your loved ones or other non-charitable beneficiaries.
Depending on how the trust is set up, it could have a variety of tax benefits for you, your estate, or your heirs.
Only a lawyer or tax professional can give you tax advice. This information provided is not intended as legal or tax advice. We encourage you to talk to a tax planning professional to find out how charitable trusts could affect your tax situation.
DONATE LIFE INSURANCE
If you own a life insurance policy and your family no longer needs the policy’s protection, you can name American Outreach Foundation | TWT Centers as the beneficiary of the policy and receive a later estate tax deduction.
If the policy is fully paid (no additional premium payments are required to keep the policy active) and has present cash value, you might even be able to assign ownership of the policy to American Outreach Foundation | TWT Centers now and receive an immediate income tax deduction.
Only a lawyer or tax professional can give you tax advice. This information provided is not intended as legal or tax advice. We encourage you to talk to a tax planning professional to find out how charitable trusts could affect your tax situation.
For more information about American Outreach Foundation | TWT Centers’ Legacy Society or planned giving, please click here to contact us.
American Outreach Foundation | TWT Centers’ Employer Identification Number (EIN) for tax reporting is 26-0427467.
DONATE REAL ESTATE
If you own real estate - your home, commercial or residential rental property, undeveloped land, or even a vacation property - it could be your most valuable appreciated asset.
There might be valuable tax or estate planning advantages to including real estate in your charitable giving strategy. Your real estate could even let you make a larger gift to American Outreach Foundation | TWT Centers while saving on taxes.
American Outreach Foundation | TWT Centers can accept donations of any type of property in any location as long as there is enough equity in the property to pay off existing obligations like a mortgage, unpaid property taxes, or other secured liens, and the costs of selling the property.
In most cases, the donation process takes between 30 and 90 days after we have all the necessary information about the property you wish to donate.
When you are ready, notify us and an American Outreach Foundation | TWT Centers real estate donation specialist will contact you to help you get started.
The information provided is not intended as legal or tax advice. It is intended only to help you understand that you have options for making a charitable gift to American Outreach Foundation | TWT Centers. There are a variety of ways to leverage real estate for charitable giving. Talk to your attorney or tax advisor about whether donating real estate is the right choice for you.
American Outreach Foundation | TWT Centers may choose to use CARS charitable real estate donation services to process your gift. CARS is a 501(c)(3) charity that is separate and independent from American Outreach Foundation | TWT Centers.
If American Outreach Foundation | TWT Centers chooses to use CARS’ services, CARS’ staff handle everything from evaluating the charitable value of your property and taking the title, to selling the property and delivering the cash proceeds to American Outreach Foundation | TWT Centers.
American Outreach Foundation | TWT Centers’ Employer Identification Number (EIN) for tax reporting is 26-0427467.
Consider Supporting TWT Center With Your Property Donation Today!