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Planned Giving

Planned Giving – Bequests and Beneficiary Designations

Create a lasting legacy, saving lives for generations to come, with your planned gift to Caring Contact. 

When you remember Caring Contact in your will or name Caring Contact as a beneficiary of your retirement fund or life insurance, you are creating a lasting legacy and ensuring that our life-saving work will live on for generations to come.

A gift to Caring Contact in your will or revocable trust enables you to support our mission and make a difference in the lives of future generations. A bequest:

  • is easy to arrange.
  • will not alter your current lifestyle in any way.
  • can be easily modified to address your changing needs.

Please contact your legal and financial advisors when making or changing your will. The language below should not be construed as legal or financial advice.

Sample Gift Language for your Will or Revocable Living Trust: 

1Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to Caring Contact (Tax ID #23-7442645), located in Westfield, NJ, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
2Specific Gift Language
Naming Caring Contact as a beneficiary of a specific amount from your estate is easy:

I give and devise to Caring Contact (Tax ID #23-7442645), located in Westfield, NJ, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).
3Contingent Gift Language
Caring Contact or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Caring Contact (Tax ID #23-7442645), located in Westfield, NJ, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

Retirement Plan/Life Insurance Beneficiary Language: 

Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:

  • IRAs and retirement plans
  • Life insurance policies
  • Commercial annuities

It only takes three simple steps to make this type of gift. Here's how to name the Caring Contact as a beneficiary:

  1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your plan administrator, insurance company, bank or financial institution.

Naming Caring Contact as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Caring Contact as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support Caring Contact free of both estate and income taxes.

Please notify us if you name Caring Contact as a beneficiary. Donors should consult with their tax adviser regarding the tax benefits of such gifts.

Lucinda Mercer, Development Director, Lucinda.Mercer@caringcontact.org

Mary Claire Givelber, Executive Director, Maryclaire.Givelber@caringcontact.org

Caring Contact, P.O. Box 2376, Westfield, NJ  07091, 908-301-1899