An Education is the Gift of a Lifetime
By planning for your future, you can change the future for many:
Whether it is a gift of an education for a student, a classroom, or a community, your support matters. When thinking of The BASIC Fund as a part of your estate plan, know that your support goes beyond the student that receives a BASIC Fund scholarship and extends to their family, their community and the entire Bay Area. You can help change a student’s life while also accomplishing your own financial planning goals.
To speak with someone about making The BASIC Fund part of your legacy, contact Michelle Harris at firstname.lastname@example.org.
TYPES OF PLANNED GIFTS
BEQUESTS AND ESTATE PLAN GIFTS
You may make a bequest or gift through your estate by including a provision in your will or living trust, or by naming The BASIC Fund as a beneficiary of a retirement plan or life insurance policy. The amount left can be expressed as a dollar amount or as a percentage of the assets to be given.
LIFE INCOME GIFTS
A life income gift allows you to give assets to The BASIC Fund while providing yourself or others with income for a period of time before The BASIC Fund is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to The BASIC Fund or a trustee. The BASIC Fund or trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries' lives or, in some cases, for a term of up to 20 years.
There are several kinds of life income gifts available:
Charitable Gift Annuities
In exchange for an outright gift, The BASIC Fund agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.
Charitable Remainder Unitrusts
You establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a term of years. At the end of the term, the remainder of the trust assets go to The BASIC Fund for the purposes you designate.
Charitable Remainder Annuity Trusts
You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to The BASIC Fund for the purposes you designate.
Pooled Income Funds
Your gift goes into an investment pool that functions like a mutual fund. Investment returns are paid to you and/or other beneficiaries for life, after which your gift is withdrawn and used to support your designated purpose at The BASIC Fund.