Planned Giving
So Many Ways to Include TheYouthCenter
Create a legacy that will provide support for years to come.
Through planned giving, your timeless gift will create a lasting legacy and help ensure that the needs of our community’s youth are met for years to come.
Your gift might include a bequest, charitable gift annuity, trust arrangement, real estate gift or life insurance policy. Gifts can be designated for annual program operations or to the endowment fund. However you choose to give, your support will ensure that future generations have the opportunity to live successful and productive lives in a safe, positive and caring environment.
If you have included The Youth Center in your estate plans, please let us know. We would like to thank you for your generosity, make sure the purpose of your gift is understood by The Youth Center, and recognize you as a member of the Legacy Club.
A Gift in your will or trust can
create a lasting legacy
What Is a Bequest?
A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to The Youth Center by including language in your will or living trust leaving a portion of your estate to The Youth Center, or by designating The Youth Center as a beneficiary of your retirement account or life insurance policy.
Remembering The Youth Center with a bequest from your estate will help sustain and strengthen The Youth Center in years to come. Some of the advantages of creating a bequest include:
- A bequest costs nothing now, yet gives you the satisfaction of knowing you have provided for The Youth Center in the future
- You retain control of and use of your assets during your lifetime
- You may modify your bequest if your circumstances change
- Gifts to The Youth Center from your estate are exempt from federal estate taxes
- If you let The Youth Center know of your plans, we will be able to thank you now and recognize you as a member of our Legacy Club.
A BEQUEST TO THE YOUTH CENTER CAN BE MADE FOR A SPECIFIC AMOUNT, FOR A PERCENTAGE OF your estate, or for all or a portion of what is left after you have made bequests to your family. To make a gift to The Youth Center from your estate, you must sign a new will or living trust instrument, add a codicil to your present will, or make an amendment to your present trust instrument.
Alternatively, you can designate The Youth Center as a beneficiary of a retirement plan or life insurance policy. To do so, contact the retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form. You can designate a specific purpose for such a gift with a separate letter prepared with assistance from the Office of Planned Giving.
Making a Bequest
WHEN PLANNING FOR BEQUEST, YOU WILL NEED TO CONSIDER HOW YOU WOULD LIKE your gift to be used to benefit The Youth Center—whether unrestricted in purpose or restricted to a specific school or purpose, and whether you would like it to be an expendable fund (to be spent when received) or an endowed fund (to last in perpetuity).
- An unrestricted bequest allows The Youth Center to determine how to use the funds based on its most pressing needs. Unrestricted bequests are extremely valuable because The Youth Center can use them to flexibly meet its future needs.
- A restricted bequest directs assets to a specific fund, program, or particular purpose, such as a program scholarship. A restricted bequest may be for an expendable or endowed fund. Because each restricted bequest is unique, The Youth Center encourages donors considering this type of gift to speak with a member of The Youth Center Planned Giving staff about the appropriate language.
- Expendable funds are used in their entirety, generally within a relatively short time frame. Some larger expendable gifts are used over longer periods.
Endowed funds provide income every year in perpetuity to carry out the designated purpose of the fund. Note that endowed funds have minimum required amounts. Please speak with a member of the Planned Giving staff if you are considering a bequest to establish an endowed fund.
Endowed funds may be established by bequest for many purposes. Some possibilities include:
- Support of The Youth Center programs, such as after school, music, and Leadership Academy
- Program scholarships
- Technology or funds to sustain and improve the home of The Youth Center
A FUND CREATED BY YOUR BEQUEST CAN CARRY YOUR NAME OR THE NAME OF A FAMILY member or other person you wish to honor. Named funds, because of the support they offer to programs and people, are a way to share what is meaningful to you within The Youth Center community well into the future. Note that minimum gift amounts required for creating named, endowed funds vary, so please contact The Youth Center Planned Giving for further information.
Creating a Lasting Legacy
The Youth Center Planned Giving staff is happy to help you explore options for designating a bequest to The Youth Center. If you are considering a planned gift, please consult your own legal and tax advisors. The Youth Center Planned Giving staff is happy to speak with advisors as well.
Bequest Basics and Sample Language for Bequests
The Youth Center’s Name and I.D. Number
The official name of The Youth Center is LOS ALAMITOS YOUTH CENTER, INC. The Youth Center’s federal tax I.D. number is 95-2142369
Unrestricted Expendable Bequest:
I hereby give ___________________* to THE BOARD OF DIRECTORS OF LOS ALAMITOS YOUTH CENTER INC, a 501 (c) 3 nonprofit, to support the objects and purposes of The Youth Center.
Unrestricted Endowed Bequest:
I hereby give ______________* to THE BOARD OF DIRECTORS OF LOS ALAMITOS YOUTH CENTER INC, (hereinafter, “the Board”), a 501 (c) 3 nonprofit. The property comprising this gift may, for investment purposes, be merged with any of the investment assets of The Youth Center, but the gift shall be entered in the The Youth Center’s books and records as an endowed fund known as THE _____________ FUND (the “Fund”). The Board shall use the endowment payout from the Fund to support the objects and purposes of the The Youth Center.
*Fill in the blank with the dollar amount, percentage of estate, or specific property you intend to give to The Youth Center.