of Greater Santa Barbara

We believe that when girls and women succeed, everyone benefits – the family, the community, the economy, and society.

Naming Girls Inc. of Greater Santa Barbara as a beneficiary of your estate is the ultimate gift, but it does even more than bolster our mission and provide long-term financial support; it establishes a lasting legacy of your personal values that sets an example for others and can be passed on to future generations.

Declaration of Intent

The following information is of a general nature. Advice from your own legal and tax counsel should be sought when considering any gift arrangement.

Bequests
Bequests

Sample Bequest Language

Through your will, you can make a planned gift to Girls Inc. of Greater Santa Barbara with no impact to your finances during your lifetime. Depending upon the value of your assets, charitable bequests can facilitate estate planning and minimize estate taxes. You can make a bequest of a specific cash amount or a percentage of your estate. We suggest that you designate your bequest for general charitable purposes in order to be responsive to priority needs of the organization as they evolve over time.

 

Charitable Remainder Trusts
Charitable Remainder Trusts

Charitable Remainder Trusts (CRTs) are ideal for individuals with assets that have appreciated in value and would be subject to significant tax liability when liquidated. If you establish a CRT, you may contribute assets without incurring capital gains tax. You may receive an immediate tax deduction on a significant portion of your contribution, and you or your designee will receive payments from the trust for life or for a specified number of years. At the end of this period, the remaining balance and the trust will be given to Girls Inc. of Greater Santa Barbara.

Real Estate Remainder Gift
Real Estate Remainder Gift

With a Real Estate Remainder Gift, you can make a gift of your home or secondary residence, but retain the use of the property for as long as you and your spouse live. This makes it possible for you to give a larger gift than your resources might otherwise permit. You continue to take care of the property, pay the taxes, the insurance, and other homeowner expenses. However, since you have made a gift of the property by deed, you will receive an income tax deduction for the present value of the remainder interest without an outlay of any cash.

Retirement Funds
Retirement Funds

If you no longer depend on your retirement funds to assure your financial security, you may want to use these assets to make a legacy gift. Since IRAs and pensions are often the most heavily taxed assets in an estate, they are ideal for creating a testamentary gift. The procedure is simple. Obtain a “Change of Beneficiary” form from your retirement fund administrator, and name Girls Inc. of Greater Santa Barbara as the full or partial beneficiary.

Life Insurance
Life Insurance

If you are over age 60 and no longer need a paid-up Life Insurance policy, it can be donated to Girls Inc. of Greater Santa Barbara by naming the organization as the irrevocable owner and beneficiary of the policy.

The Legacy Society
The Legacy Society

An honorary group, the Legacy Society celebrates those individuals and families who have made a provision in their estate plans to support Girls Inc. of Greater Santa Barbara through a bequest or other form of planned gift.

I've long had a passion to support the empowerment of girls and women and Girls Inc. has been a wonderfully powerful way to do that.

Sudi, Donor and Board Member