Create Your Legacy

Planned giving is the surest way to ensure your legacy of charity and compassion brightens the world for years to come.

For over a decade, Embrace Washington has been a source of stability and love for children in Eastern Washington's foster care system. We offer vital support, advocacy, and resources to empower these young individuals to achieve their full potential.

Our work is not yet complete, as many children continue to struggle with separation, uncertainty, and trauma. You can make a difference by including Planned Giving in your estate plans. This can help establish a long-lasting legacy of hope for children who may one day need the support of Eastern Washington’s Foster Care Community.

What is Planned Giving?

If you choose to participate in Planned Giving, you can have a significant and lasting impact on Embrace Washington. It's not just about your contribution amount but also your gift's intentional and strategic nature. Your compassion and support can continue to benefit children in need long after your lifetime, leaving a powerful legacy of generosity.

Most Common Types of Planned Giving with Embrace Washington

Have you ever considered adding Planned Giving to your estate plans? By making a Planned Giving contribution to a nonprofit organization that shares your values, you can create a legacy of hope for future generations. Embrace Washington is an excellent option for your Planned Gift, as it guarantees that your values of charity and compassion will become your enduring legacy for Eastern Washington.

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  • Consider designating a specific amount, percentage, or treasured asset such as artwork or property to Embrace Washington. A bequest allows you to retain control over your assets during your lifetime while ensuring a future gift that can significantly influence your work. Even a modest bequest of 5% in honor of your family will dramatically impact our community.

  • Have you considered naming Embrace Washington as a beneficiary of your life insurance policy? This simple step can create a lasting legacy that will provide a substantial lump sum upon your passing. Your contribution can support vital programs, scholarships, and specialized medical needs for foster children, making a meaningful difference in their lives. Making Embrace Washington a beneficiary of your life insurance policy is a powerful way to positively impact your community and ensure that your values of compassion and charity continue to make a difference long after you're gone.

  • An annuity can be an excellent option to create a charitable legacy. Donating a substantial asset, such as cash or stock, you can receive fixed-income payments for the remainder of your life. This approach will offer you tax benefits and the satisfaction of knowing that your contribution will continue to make a positive impact for many years.

Additional Options for Planned Giving

While wills and life insurance are popular choices, Planned Giving offers diverse options to align with your unique financial goals and philanthropic vision. These options offer flexibility in planning your gift but may provide additional tax advantages to benefactors.

Federal Income Tax Charitable Deduction

Most Planned Giving contributions qualify for significant federal income tax deductions, potentially reducing your tax burden while maximizing your future impact. Our team can help you navigate these benefits and explore the most advantageous options for your situation.

This option is also available to folks forced to accept mandatory withdrawals from retirement accounts. They are at risk of being pushed into a different tax bracket or may experience a change to their entitlements. When you have to take your minimum required distribution from your IRA and donate it to your nonprofit, you can avoid income tax and preserve your Medicare/Medicaid benefits. Still, we recommend you discuss this option with your financial advisor or CPA.

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  • Living trusts are similar to wills; they offer greater control and flexibility during your lifetime.

  • Name Embrace Washington as a beneficiary on your retirement or bank accounts for automatic future contributions.

  • Establish a trust that provides income for you or loved ones, with the remaining assets benefiting Embrace Washington after a designated period.

  • Conversely, this trust provides immediate income to Embrace Washington, followed by the remaining assets reverting to your beneficiaries later.

  • Many small business owners choose to bequeath profitable businesses to their nonprofit of choice. Some nonprofits hold the company in trust, while others find a buyer to take over the business for them.

  • Donate a property you own, generating potential tax deductions while providing valuable resources for Embrace Washington's programs.

  • Honor a loved one's memory with a gift to Embrace Washington in their name. A memorial or tribute will create a lasting connection and support needy children.

  • Establish a permanent fund that generates ongoing income for Embrace Washington, ensuring your support continues perpetually.

  • Create a centralized charitable fund, which will allow you to recommend grants to Embrace Washington and other causes you care about while enjoying tax benefits.

Frequently Asked Questions

  • Yes. You can always change your gift to meet your present-day needs. You can modify the nature or amount of your gift as your circumstances change.

  • A bequest in a will can be revoked by the executor only until the funds are transferred. Once the funds are transferred to Embrace Washington, the bequest is finalized. There are other situations where a bequest is irrevocable, such as an Irrevocable Trust. For more information on this topic, please speak to your financial advisor.

  • There is no minimum or maximum amount—the amount depends on your financial situation and goals. Even smaller planned gifts can significantly impact a nonprofit.

  • Planned Giving is a common practice, and we recommend you first talk with your financial advisor. They can direct you to additional information from reputable resources and help you apply it to your unique circumstances.

  • Yes, Embrace Washington treats every conversation with donors as confidential. Many donors remain anonymous to the public to protect their privacy, and we hold ourselves to the highest professional standards when it comes to protecting the privacy and confidentiality of our donors.

  • Embrace Washington proudly served Eastern Washington's foster care community for over a decade, and we do not intend to abandon our mission. This is a valid concern, and we recommend discussing this specific contingency with an estate planning professional to help you understand your options.

Embrace Washington

Your Partner in Legacy Giving

We understand that Planned Giving is a deeply personal decision. Our dedicated team guides you through every step, answers your questions, and tailors a plan that reflects your wishes and amplifies your generosity. By choosing Planned Giving with Embrace Washington, you're not just leaving a legacy but planting seeds of hope and opportunity for children who deserve a brighter future.

Contact us today to discuss your Planned Giving vision and join us in building a stronger tomorrow for Eastern Washington's foster care community. Together, we can make a difference that truly lasts.