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Planned Giving
DataCenter supporters who
have made planned gifts cite many reasons why they have chosen
to make such a thoughtful gift:
· They can make a much larger gift
to the DataCenter than they can while they are alive.
· They can make a gift to the DataCenter, while maximizing
their tax benefits and providing for their loved ones.
· They want to leave a legacy.
There are many different types of planned gifts,
and some types will make more sense for you than others. Please
click on the options below and consult your financial advisor
for more details.
Bequests
Pooled Income Fund
IRA - Retirement Plan Assets
Life Insurance Policy
I
have already made a planned gift to the DataCenter
Bequests
Leaving a gift to the DataCenter in your will
is the easiest way to make a planned gift. They are generally
tax-deductible and have no impact on your current income.
General Bequest wording:
"I give, devise and bequeath to the DataCenter, a non-profit
corporation of the State of California, located at 1904 Franklin
Street, Suite 900,Oakland, CA 94612, USA, (insert: percentage,
specific, residual, or contingent), the principal and
income of which shall be used for such purposes as the Board
of Directors may determine.
Percentage:
"__________% of my estate."
Specific:
"the sum of $__________."
"_____ shares of stock in __________ Corporation."
"my real property commonly known as__________."
Residual - after all other bequests are
made:
"all of the residue of my estate, including real and
personal."
Contingent - if other bequests cannot be
completed:
"In the event of the death of any of my beneficiaries
(followed with percentage, specific, or residual language
above)"
To designate a bequest to our Endowment
Fund:
"I give, devise and bequeath to the DataCenter, a non-profit
corporation of the State of California, located at 1904 Franklin
Street, Suite 900,Oakland, CA 94612, USA, (insert: percentage,
specific, residual, or contingent), and direct that this
bequest be added to the DataCenter Endowment Fund."
Pooled
Income Fund
You and other donors make irrevocable gifts
to the Pooled Income Fund, and these gifts are pooled and
invested together. The income is distributed on a pro rata
basis to the donors for life. After your death, your share
is withdrawn from the Fund and added to the Endowment
Fund. The DataCenter has established this Pooled Income
Fund to help you preserve—and possibly increase—your
income while meeting your charitable objectives and realizing
tax benefits.
You can join the pool by contributing a minimum
of $5,000 and you must be at least 50 years old. Contributions
are tax-deductible. You will receive regular quarterly income
payments from the fund for life.
If you are interested in contributing to the
Pooled Income Fund, please contact Fred Goff, President, at
(510) 835-4692 x304 or fgoff@datacenter.org.
IRA
- Retirement Plan Assets
You can name the DataCenter as the beneficiary
on your IRA or other retirement plan assets. This may help
you avoid high income and estate taxes on the account at your
death, while also providing a substantial gift to the DataCenter.
You will retain control of these assets during your entire
life and you are always able to change the beneficiary.
Life
Insurance
If you have a life insurance policy that you
no longer need, you can name the DataCenter as the beneficiary.
Or, if your loved one is your primary beneficiary, you can
name the DataCenter as the secondary beneficiary, in the case
that your primary beneficiary does not survive you.
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