Making Reproductive Rights Your Legacy
A planned gift to NARAL Pro-Choice Massachusetts or the Pro-Choice Massachusetts Foundation is a great way to support reproductive rights beyond your lifetime. There are various financial vehicles available to donors who want to protect and expand reproductive choice in the years to come. You can make a planned gift by naming NARAL Pro-Choice Massachusetts or the Pro-Choice Massachusetts Foundation as a beneficiary of a specific dollar amount, property, or share of your estate, which will provide the organization with important support in the future. Gifts to the Pro-Choice Massachusetts Foundation are exempt from federal and Massachusetts estate tax. Bequest in Will A bequest is a gift of property under the terms of a will. Bequests can be of specific assets or of the "residue" (what is left after specific gifts have been made). The following language is recommended for you to use in order to name NARAL Pro-Choice Massachusetts or the Pro-Choice Massachusetts Foundation a beneficiary of your will or codicil: I hereby give _____________ to NARAL Pro-Choice Massachusetts, a 501(c)(4) nonprofit corporation, currently located at 15 Court Square, Suite 900, Boston, MA 02108, federal tax identification number 23-7227508. I hereby give _____________ to the Pro-Choice Massachusetts Foundation, a 501(c)(3) nonprofit corporation, currently located at 15 Court Square, Suite 900, Boston, MA 02108, federal tax identification number 04-2679358. If you make a gift of real estate, you should state in your will or codicil that the property is to be sold through the estate and that the donee organization is to receive the net proceeds from the sale.
Qualified Retirement Plan or IRA You can also designate either organization as the primary or contingent beneficiary of your qualified retirement plan or IRA. Both organizations are exempt from income tax and, unlike other potential beneficiaries, will not have to pay taxes on the plan’s value. When making or revising a will, you should obtain the assistance of an attorney. This material does not constitute legal advice and should not be relied upon as such. For additional information about our giving opportunities, please contact Pem Brown, Development Associate, at 617-556-8800 x14 or pem@prochoicemass.org.
|