Common Hope as named beneficiary
If you have a retirement account (IRA, 401K), life insurance policy, health savings account (HSA), or any other saving vehicle with a named beneficiary, you can leave a legacy to Common Hope simply by naming us for a percentage or an exact amount. Most often, whoever holds your account can send a simple form that can be completed in as little as five minutes.
Will or revocable trust
If you have a will or a revocable trust on file, you can ask the lawyer who drafted your document to include Common Hope for a specific amount or a percentage of your estate. A revocable trust functions much like a will, but it is preferred by some as a means to keep your estate out of probate. Either way, your lawyer can make adjustments to include a gift to Common Hope.
Charitable trusts are a great way to support Common Hope, your heirs, and yourself for as long as you live. Two of the most commonly held charitable trusts are charitable lead trusts and charitable remainder trusts. Both of these options assume the designation of a gift today, with tax benefits in the year the trust is established. Significant tax benefits continue for you during your lifetime—and for your heirs when they inherit your estate. There are many considerations to developing a trust, and it is best to work with your financial advisor or estate planning attorney in deciding how to get the maximum benefit during your lifetime.
A gift of $25,000 or more can create a perpetual sponsorship that sponsors one student, every year, for generations to come. These gifts, carefully invested, generate annual earnings that cover the cost of sponsorship and play a critical role in ensuring Common Hope’s long-term commitment to the children and families we serve.
To learn more about how to leave a legacy, please contact us at email@example.com. Our staff will get back to you promptly. If you have already included us in your estate plan, please fill out this form and mail it to us so that we can thank you and honor any requests you have for the designation of your gift.