What Is Planned Giving?

Planned giving – or charitable gift planning – involves the donation of assets to a charitable organization at the time of, or in anticipation of, death.

The simplest and most common form of a planned gift to EFAC is a charitable bequest through your will or trust. With a bequest, you can direct a specific dollar amount or assets to EFAC or direct a percentage of your estate to EFAC.

Other planned gifts are more complex. To learn more about life-income gifts such as charitable gift annuities, charitable remainder trusts, and charitable lead trusts, please contact Karen Cooper or speak with your estate attorney.

When you make a planned gift to EFAC, your generosity has an impact far beyond your lifetime.

How Do I Make a Planned Gift to EFAC?  

There are many ways you can make a gift that will cost you nothing today and help you make a tax-wise investment in both your future and the future of EFAC. You can support EFAC’s mission by:

  • Including EFAC as a beneficiary in your will or trust.

  • Naming EFAC as a beneficiary of an IRA, retirement plan, insurance policy, or bank account.

  • Creating a charitable trust or other life-income gift.

Taking the First Step

There are many options for including EFAC in your plans, and this document offers only a few ideas. We can work with you, your financial and tax advisor and your estate planning attorney to design the option that works best for your circumstances and meets your specific goals. We can help you feel great about your planned gift!

Review the details below or download our Bequest Fact Sheet (pdf) to understand the steps for making a bequest and to access sample language for your gift.

  • A will or trust is a thoughtful document that identifies the people and causes you care about most. You can make a gift of a specific dollar amount or particular assets to EFAC. Or you can name EFAC to receive all or a percentage of the remainder of your estate, after specific amounts bequeathed to other beneficiaries are distributed and estate-related expenses are paid.

    Trusts which benefit both family members and EFAC can be set up with your estate attorney. Examples are a Charitable Lead Trust (CLT) or Charitable Remainder Trust (CRT). A CLT is primarily a vehicle for transferring wealth from one generation to another at deeply reduced estate or gift taxes. A CRT is a trust that will pay donor(s) or their designated beneficiaries an income stream for their lifetimes, with the remainder then passing to charity upon the death of the final beneficiary.

  • Name EFAC as a beneficiary of your IRA or other qualified retirement plan or bank account.

    For many, retirement funds can be the most highly taxed assets owned, as the funds can be subject to both estate and income taxes. EFAC is tax-exempt, so your bequest of a retirement fund can pass to the organization tax-free.

    You can name EFAC as a beneficiary on a bank or brokerage account through a “Pay on Death” or “Transfer on Death” option. Accounts that pass to EFAC in this manner will not be included in probate.

  • Specific Bequest

    A specific bequest names a particular dollar amount to be left to EFAC.

    “I give and bequeath to Education for All Children, a New Hampshire nonprofit corporation, Tax ID number 26-1979493, with offices at 104 Congress Street, Suite 301, Portsmouth, NH 03801, the sum of $_____ to be used for the general purposes of the organization (or to be used for a specific purpose such as A or B).

    Percentage Bequest

    A percentage bequest names a percentage of your estate to be left to EFAC.

    “I give and bequeath to Education for All Children, a New Hampshire nonprofit corporation, Tax ID number 26-1979493, with offices at 104 Congress Street, Suite 301, Portsmouth, NH 03801, _____% of my estate, to be used for the general purposes of the organization (or to be used for a specific purpose such as A or B).

  • Our legal name is: Education for All Children

    Our address and contact information for estates and trusts is:

    Education for All Children

    104 Congress Street, Suite 301

    Portsmouth, NH 03801

    (603) 610-1525

Thank you for considering such a meaningful gift to EFAC. If you have further questions, please contact Karen Cooper to discuss your plans: (207) 977-4211 | kcooper@efac.org

The information presented on these web pages is not offered as legal or tax advice. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner to make certain any gift you are considering fits well in your specific circumstances.