Ways to Give

Planned Gifts for the Future

Through careful estate planning, you can provide for gifts that will benefit Mental Wellness Center in the future. These planned gifts offer creative and flexible strategies for you to pursue your charitable and family financial goals. Among the benefits, you may receive substantial tax savings and possible lifetime income for yourself and/or spouse. However, the greatest benefit of a planned gift will be in knowing that you are securing a legacy of mental wellness in our community.

Bequest

• Created in will or living trust
• Unlimited charitable estate tax deduction
• Continued use of assets during your lifetime
• Flexibility to change the amount of bequest at any time
• Minimum amount: None

Recommended Bequest Language [Download PDF]

Legal Name: Mental Wellness Center
Federal Tax ID #95-1962659

Pay/Transfer on Death Gifts (POD/TOD)

• Easiest way to leave a gift with no money out of pocket now
• Name Mental Wellness Center as the beneficiary of your checking, savings or investment account
• Avoids probate on assets and passes directly to Mental Wellness Center

Retirement Plans and Insurance

• Mental Wellness Center is named as full or partial beneficiary of your IRA, 401(k), 403(b), or life insurance policy
• Avoids significant income tax burden to heirs
• Possible federal and state estate tax savings
• Flexibility to change benefit amount at any time
• Minimum amount: None

Charitable Gift Annuity

• Contribute cash or securities now and receive fixed annual income for life for you and your spouse
• Simple contract with no attorney fees or complex legal documents
• Annuity payout rates determined by age of the beneficiary(ies)
• Rates generally much higher than prevailing CD rates
• Offers immediate and long-term tax benefits
• Administered through the Ventura County Community Foundation with 10% fee at end

Charitable Remainder Trust

• Receive payments for life or term of years
• Take charitable Income tax deduction now and 5 years forward
• Avoid immediate capital gains tax on appreciation of stock or real estate
• Diversify your investment portfolio
• Possible federal and state estate tax savings
• Minimum gift: (non-real estate $100,000)
• Minimum gift: (real estate $250,000)

Important note: Legacy gifts like all those mentioned above are called “planned giving,” because they require careful financial planning for yourself and your family on how you wish to distribute your assets after you are gone. Be sure to consult with your attorney, tax accountant or financial advisor before deciding on the best gift strategy for your individual and family circumstances.