Planned Giving with BGCSF
Leave a Legacy
A planned gift to Boys & Girls Clubs of San Francisco is a way to craft a legacy that positively impacts San Francisco youth.
Donors make planned gifts to BGCSF for a variety of reasons. They may wish to support a program about which they are passionate, such as Rebels basketball, or add to the organization’s endowment to sustain ongoing operations. Regardless of the donor's objectives, through a planned gift they can be intentional about the legacy they leave.
Ways to Give
There are many ways to make a gift to BGCSF in support of San Francisco youth. Below we have outlined the most common options. If you are considering a legacy gift we would be happy to arrange a confidential gift planning consultation, without obligation. If BGCSF is already included in your estate plans please let us know so we can invite you to join our Legacy Society. Please contact Megan Fisher, Director of Individual Giving, at email@example.com or 415-445-5474.
Bequest Through Will or Trust
A simple way to make a planned gift is by designating assets to BGCSF in your will or living trust. Bequests can take a variety of forms:
General bequest: Gift of a dollar amount or % of assets of the estate.
Specific bequest: Gift of a designated asset or property.
Residual bequest: After all debts, expenses and specific bequests have been paid BGCSF receives a specific dollar amount or a % of the remainder.
Contingent bequest: BGCSF becomes a full or partial beneficiary if certain conditions are met, generally family or friends predeceasing the donor.
Gift of Retirement Assets
Many donors choose to make BGCSF a beneficiary of their retirement plans, such as an IRA, 401(k) 403(b). BGCSF may be designated as the primary, partial or contingent beneficiary. The gift is easy to make or modify, through the beneficiary designation form provided by the retirement plan administrator. Gifts of tax-deferred assets avoid the deferred income tax obligation and qualify for a charitable deduction.
Gift of Designated Financial Account
BGCSF can be named as a beneficiary of a non-retirement financial account by establishing a transfer at death designation. Assets are transferred directly to BGCSF and avoid probate.
Gift of Life Insurance Assets
BGCSF can receive proceeds from a life insurance policy through a variety of gift techniques. Gifts may be revocable or irrevocable and can be affected through a Change of Beneficiary form obtained from one's insurance provider.
Trusts that benefit BGCSF can be established either during a donor’s lifetime or at the time of death. Often these trusts are used to reduce gift and estate taxes and provide income to beneficiaries. Below are two common options:
Charitable Remainder Trust: A CRT creates current income for beneficiaries and an income tax deduction for the donor. When the trust ends, principal passes to BGCSF.
Charitable Lead Trust: Through a CLT, BGCSF receives income from the trust for a specified period and principal passes to heirs upon trust termination.
Useful Information for Advisors
BGCSF does not provide legal or tax advice. The information herein is intended for education purposes only and should not be considered legal, tax, financial or other professional advice. BGCSF recommends that you seek you own legal, tax, financial and other necessary advice in connection with gift planning matters. To ensure compliance with IRS requirements, BGCSF discloses to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.
Our official name is: Boys & Girls Clubs of San Francisco
Address: 380 Fulton Street, San Francisco, CA 94102
Phone: (415) 445-5437
Taxpayer identification number: 94-1156608