Planned Giving

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Retirement Account

You can designate BHPS on all, or a portion of, a retirement account by contacting the trustee who administers the fund. When you make a designation from your retirement account, you retain possession of the total amount of the asset for as long as need and the remainder is designated to BHPS.

Individuals, such as a child or loved one, may be taxed at a higher rate than if designated to a charity.

IRA Charitable Gift

If you have an IRA, you must begin withdrawing funds once you turn 73 - this is called a Required Minimum Distribution. Federal Law allows you to make a direct transfer tax free to a qualified charity.

The law allows individuals who are 70 1/2 or older to make qualified charitable distributions - a QCD - from their IRA accounts in any amount up to $100,000 each year.

Life Insurance Policy

You can designate BHPS as a full or partial beneficiary of a life insurance policy you no longer need. Often, you can claim the amount as a charitable deduction.

Planned Gifts Through Written Plans

These gifts allow you to designate BHPS as a beneficiary of a gift in your will or trust. As the most common type of a planned gift, you are able to make the gift through your will or trust by naming us as a beneficiary just as you would an individual. Gifts can be specified as:

  • A specific dollar amount of money

  • A specified number of shares of stocks, bonds, or mutual funds

  • A percentage of the value of your estate

  • The “residue” of your estate: what remains after your other named beneficiaries have been attended to as per your wishes

  • Items of Value: a parcel of land, a vehicle, a piece of property, artwork, etc

  • Beneficiaries: if you designate an amount to someone who passes before you do, you can request the amount goes to BHPS

Ask your estate planning attorney, and/or your financial advisor, and/or your tax professional on how planned gifts can help protect the assets of your estate. These professionals can help you navigate your charitable giving strategies.

IRS Positive Determination Letter

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