East Bay Agency for Children - Embracing a brighter future for children
Get Involved > Planned Giving

Planned Giving

Becoming a member of the Legacy Society by giving a planned gift to East Bay Agency for Children gives you the satisfaction of knowing that both your community and family will benefit tomorrow from your thoughtful financial planning and generosity today. This year alone, EBAC programs will reach more than 20,000 children and youth in our East Bay communities, a growth of more than 90 percent over last 5 years. Today, with public funding for schools sharply decreasing, there is even greater demand for our services. Your planned gift is essential for us to continue to serve the children and families most in need of the highly respected, intensive professional help we provide.

To learn how you can support tomorrow’s children while ensuring your own and your family’s financial security, please contact Julie West, Development Director, at 510-844-6708 or JWest@EBAC.org. Please inform us of your existing planned gift to East Bay Agency for Children so we can acknowledge your membership in our Legacy Society.

Please consult with your attorney or accountant about the potential tax advantages and implications of planned gift options

 

Wills and Trusts
Gifts of Appreciated Stock or Mutual Funds
A Charitable Remainder Trust
Retirement Plan Assets
Life Insurance

Wills and Trusts

You can make a gift (bequest) to East Bay Agency for Children through your will or living trust in a number of ways:

  • Specify a percentage of your total estate to go to EBAC.   In this approach, your gift adjusts with changes in the size of your estate over time before your death.
  • Specify the residue, or a percentage of the residue, of your estate to go to EBAC after your specific gifts to loved ones have been made. With this approach, your gift also adjusts with changes in the size of your estate over time before your death.
  • Specify a gift of a specific amount. You specify a dollar amount to be given to EBAC. With this type of gift, it is especially important to keep your will or trust up-to-date.

Sample language for your attorney

  • "I give [_____% of my estate] or [the residue of my estate] or [_____% of the residue of my estate] or [$______________] to East Bay Agency for Children, a California nonprofit public benefit corporation. EIN: 94-1358309. East Bay Agency for Children’s administrative office is located at 303 Van Buren Avenue, Oakland, CA 94610.”

Gifts of Appreciated Stock or Mutual Funds

Using appreciated stock or mutual funds is a tax-wise way to fund your gift to East Bay Agency for Children. Gifts of appreciated securities held longer than one year are exempt from capital gains taxes and entitle the donor to a tax deduction equal to the fair market value of the donated securities at the time of transfer.

To avoid exposure to capital gain tax, the stock must be transferred to EBAC. We then sell the stock from our account.

To make a gift of appreciated stock or mutual funds, please contact Julie West, EBAC’s Development Director at 510-844-6708, or JWest@EBAC.org.

A Charitable Remainder Trust

With a charitable remainder trust, you can receive income each year for the rest of your life from assets you give to the trust you create. Your income can be either variable or a fixed amount. After your lifetime, the balance in the trust goes to the charities of your choice.

There are two types of charitable remainder trusts:

  • The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments remain the same, regardless of fluctuations in trust investments.
  • The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is determined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Retirement Plan Assets

You can designate East Bay Agency for Children as a beneficiary of part or all the remainder of your IRA or retirement plan. Distributions from retirement plans at the death of the survivor of the account-holder can be subject to both income and estate taxes. In a large estate, these taxes can leave less than 30 cents on the dollar of the plan’s balance for your children or other heirs.

However, by naming East Bay Agency for Children as the beneficiary of the remainder of your retirement plan, 100 percent of the plan’s balance is available for EBAC’s use, since the distribution avoids both income and estate taxes.

To make this gift:

  • You must notify your plan’s administrator;
  • You must complete a  “change of beneficiary” form.

Life Insurance

If you have more life insurance coverage than you need, you may consider giving EBAC a paid-up policy. By transferring the ownership of your policy to EBAC, you receive a charitable income tax deduction equal to the policy’s cash surrender value or cost basis, whichever is less.

Please contact Julie West, EBAC’s Development Director at 510-844-6708 or JWest@EBAC.org to learn how you can support our mission while ensuring your own and your family's financial security.

 

—Success—

We believe that if we build strong children, there will be fewer adults to mend.

Thank you to our

Legacy Society Members!

 

Suzan Alsup

Larry Anderson

Marlis Branaka

Erica Brevet-Stott

Suzanne and Scott Harvey

Rita Howard

Dana Hughes

Don Mack

Charlie Michelson

Jamie Miller

Esther van Beers

Natalie Van Tassel

 

Your Legacy gift is very valuable to us. By leaving a legacy you make a lasting difference by continuing to

build brighter futures for children and stronger communites.

 

“My estate plan includes a gift to EBAC because I want to continue my support for EBAC’s critically important work for as long as possible.  Years after I’m gone, there will still be children and families in need of the nurturing therapy, care, and protection offered through EBAC’s diverse programs.  I’ve arranged through my will to keep on giving to that wonderful organization.” Marlis Branaka
Legacy Society Charter Member

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