Participating in planned giving is one of the most powerful actions you can take to help the World ParaVolley Foundation. A legacy commitment is an investment in transparent, sustainable work that will directly impact some of the world’s most vulnerable populations and transform the future for generations to come.
A gift in your will
Whether you designate a specific amount or leave a percentage of your estate, your legacy gift will empower the World ParaVolley Foundation’s continued work. The World ParaVolley Foundation benefits from the generosity of people who remember this important organization in their estate planning. Such support is extremely important to us and is greatly appreciated. Here are a few ways you might consider including a gift in your plans.
Sample language you might consider using is below.
I [name], of [city, state ZIP], bequeath the sum of $[ ] or [ ] percent of my estate to the World ParaVolley Foundation, a nonprofit organization with a business address of 1664 Pinot Place, Brentwood, CA 94513-4259 and a tax identification number 82-1567442 for its unrestricted use and purpose.
Ask others to give in your memory.
If you are leaving most of your assets to your children, grandchildren, a few close friends, etc., you could arrange with one or more of them to donate a small portion of their inheritance to us in your memory. They would get an income tax deduction for the gift when they make it, reducing the cost to them.
Ask your family to publicly request that in lieu of flowers, memorial donations be made to the World ParaVolley Foundation.
IRA or Retirement Plan Beneficiary Designations
Your retirement plans, IR, and annuities can all help the World ParaVolley Foundation meet numerous needs. If you won’t use all the money in your IRA or other retirement plans, consider leaving the remainder to the World ParaVolley Foundation. No taxes are due on the gift. Changing the beneficiary of an IRA is not difficult. Simply request a change of beneficiary form from the company managing the plan and follow the instructions.
It is possible to rename your bank savings account in such a way that at your death whatever remains in the account passes automatically to us. While you are living, only you can put money in or take anything out of the account. This is a revocable arrangement, meaning you can always become the sole owner again. It is easy to do. Simply tell the bank officer that you want to rename the account as “(Your name) in trust for the World ParaVolley Foundation”.
The terminology for a stock account future gift is a TDO, or transfer on death account. Speak with your broker and say you want to rename the account in such a way that anything in the account at your death automatically becomes the property of the World ParaVolley Foundation.
Life insurance policies typically name your spouse, children, or another relative as the beneficiary. Consider including the World ParaVolley Foundation, as well. It is a fairly simple matter to request a change of beneficiary form from the insurance company and follow the instructions.
Donating certain non-cash assets like real estate can provide significant tax benefits while advancing our mission.
Qualified Charitable Distributions
If you are 72 or older, you can give up to $100,000 per year from your IRA, allowing you to exclude the amount of your RMD from your income, even if you don’t itemize your taxes each year.
For questions or more information on Planned Giving, please contact World ParaVolley Foundation Deputy-chair Jeffrey Goodman at firstname.lastname@example.org or complete the form below.
Learn more about the Foundation