Planned giving allows you to make a gift that benefits the children served by Perkins School for the Blind in a lasting, meaningful way—while also benefiting you and your family. For more information about planned giving and Perkins, contact us or call 617-972-7328.
What is Planned Giving?
The term "planned giving" refers to charitable gifts that require more financial planning and thoughtfulness than a typical one-time contribution. Planned gifts are popular because they can provide you with valuable tax benefits or income for life, while giving Perkins the resources we need to improve the lives of children and young adults who are blind.
Through planned giving:
- You can make a gift that costs nothing during your lifetime.
- You can get a monthly paycheck for life.
- You can receive larger tax savings by giving stock.
- You can donate your house, continue to live there and receive a tax break, all at the same time.
For many people, planned gifts can be the best way to make a substantial gift to Perkins. You can take care of yourself and your family members, while at the same time benefiting Perkins and our life-changing programs.
Getting Started with Planned Giving
Helping Perkins and securing your financial future or the financial security of your loved ones starts with a solid estate plan. And a solid estate plan begins with your will. Here are resources to help you to create a will that reflects your values and wishes.
Why do you need a will?
Having a will allows you to:
- Direct the division of your property the way you choose.
- Select an executor (personal representative) who is qualified to settle your estate promptly and economically, with careful attention to your wishes.
- Name a guardian for minor children.
- Make special financial arrangements for family members who are minors, disabled or unfamiliar with money management.
- Devise an estate plan, with the help of a qualified attorney and other advisors, to minimize the taxes on your estate.
- Provide vital support for favorite charitable institutions like Perkins.
When should you update your will?
Here are some circumstances that may cause you to consider updating your will:
- Your assets have significantly increased or decreased in value.
- You've moved to another state, and you wish to name a different executor, trustee or guardian.
- Your situation or a beneficiary's situation has changed, perhaps because of marriage, divorce, birth, adoption or death.
- The estate tax laws have changed. (Check with your estate planning attorney to make sure your estate plan is up-to-date with the federal estate tax law changes effective Jan. 1, 2013.)
- You decide to make a gift to Perkins. Consider leaving Perkins the balance remaining after bequests are distributed to your loved ones, or a percentage of your estate.
How can you update your will?
Step 1: Get a copy of your current will.
Step 2: Mark the areas you would like to change.
Step 3: Meet with your estate planning attorney to draft and prepare your new document.
Step 4: Consider discussing changes with us if they affect your bequest to Perkins.
How can you include Perkins in your will?
Just a few sentences in your will are all that is needed. You can give all of your estate, a percentage of your estate, a specific sum of dollars, or the remainder of your estate (after other bequests) to Perkins. Your gift can be used for general support for Perkins, or to fund specific programs or initiatives.
The following language may be used for an outright gift by will:
Specific dollar amount or percentage:
"I give the (sum of dollars or percentage of estate) to the Trustees of Perkins School for the Blind, located in Watertown, Massachusetts, to be used for the school's general purposes."
Part or all of residue:
"I devise and bequeath to the Trustees of Perkins School for the Blind, located in Watertown, Massachusetts, (all or specify a portion) of the rest, residue and remainder of my estate to be used (for the school's general purposes or insert a specific program or purpose.)."