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. Your planned gift is essential so children and families can continue to rely on the highly respected, intensive professional services we’ve been delivering since 1952!
Please consider becoming a member of the Legacy Society
by giving a planned gift to East Bay Agency for Children.
To learn how you can support tomorrow’s children while ensuring your own and your family’s financial security, please contact Julie West, Chief Development Officer, 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
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 can be 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.
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.
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. By naming East Bay Agency for Children as the beneficiary of the remainder of your retirement plan or IRA, 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, notify your plan’s administrator and complete a “change of beneficiary” form.
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 may receive a charitable income tax deduction equal to the policy’s cash surrender value or cost basis, whichever is less.
Please consult with your attorney or accountant about the potential tax advantages and implications of planned gift options.