Planned Giving

PLANNED GIVING
Thank you for being a valuable supporter of The Periwinkle Foundation. Through a legacy gift, you can ensure that The Periwinkle Foundation continues to provide programs that positively change the lives of children, young adults and families who are challenged by cancer and other life-threatening illnesses and are cared for at Texas Children’s Hospital for years to come. By endowing a gift, you will become a member of our Periwinkle Legacy Partners. Members of this society are those who make a life income gift or who remember The Periwinkle Foundation in their will or estate plan. Periwinkle Legacy Partners provide for a strong future for The Periwinkle Foundation and our programs. Every planned gift, regardless of size, has a real and tangible impact. By making a legacy gift during your lifetime, you will help The Periwinkle Foundation sustain and grow programs for decades to come.

What Is A Planned Gift?
A donor usually makes a contribution from his or her assets or estate rather than current income, and can receive current income and tax benefits. Planned Gifts are typically made through a will or trust, gifts that provide lifetime income to the donor like a charitable gift annuity, or gifts that protect your assets, like a retained life estate of a house. Planned gifts also form part of an overall financial plan that can provide you with significant benefits. For example,planned gifts can help you maintain control of your assets during your lifetime, take advantage of a number of tax benefits, leave a legacy at The Periwinkle Foundation, and possibly even provide income to yourself or others during your or their lifetime.

Why Make A Planned Gift?
Planned Gifts benefit you and your children and change lives. They allow your personal values to make a lasting impact on the world and can inspire others to join in your commitment. They pass your values on to your children and grandchildren while teaching them the importance of using resources wisely to help others. Selecting the right planned giving vehicle also allows you to reduce your estate and income taxes, maximize the financial and tax benefits of your gift, and make a larger gift than you ever thought possible. With our help, you can actually enhance your own and your family’s financial well-being while showing your generosity to The Periwinkle Foundation at the same time. And because planned gifts typically are arranged now and paid out later, your gift ensures that the The Periwinkle Foundation will have the financial resources to continue to provide life changing programs for years to come. Planned Giving helps you make sure your personal goals are met as part of your ongoing financial, estate, and philanthropic planning, which helps to support those organizations that you care most about.

How Do I Make A Planned Gift?
Making a Planned Gift can be as easy as adding a codicil to your Will or filling out a beneficiary form for your Retirement Plan.  A Charitable Gift Annuity can provide you with income for the rest of your life while a Charitable Remainder Trust can provide income for a period of years.  Charitable Lead Trusts protect your assets from burdensome estate taxes.  You can gift Real Estate and still live there with a Retained Life Estate, or give Stock to charity to avoid capital gains.

Planned gifts have an enormous and lasting impact on The Periwinkle Foundation, creating a legacy that lasts for generations.

There are several ways to make a planned gift to The Periwinkle Foundation. Some of the easiest and most common ways to begin planning your legacy are provided below.

Bequest
This is the simplest way to remember The Periwinkle Foundation. Designate The Periwinkle Foundation as a beneficiary of your estate by will, trust, or other instrument. It can be a sum of money, or a percentage of your estates’ residue. You can receive an estate tax charitable reduction. Gifts by will, or bequests, both large and small, are important to the organization.

Retirement Plan Assets
This plan applies to retirement plans such as 401(k), 403(b), IRA and Keogh. The Periwinkle Foundation is named as the primary, partial, or contingent beneficiary. This legacy gift can provide charitable estate tax deductions and allows donor dependents to avoid ordinary income tax assessments on the amount paid to The Periwinkle Foundation.

Life Insurance
If you want to make a more significant legacy gift to The Periwinkle Foundation, consider this option. This plan has multiple tax benefits. You can also transfer ownership of a life insurance policy to The Periwinkle Foundation.

Charitable Gift Annuity
Transfer your cash to The Periwinkle Foundation in exchange for a contract to pay you a fixed income (with rates based on your age) for the rest of your life. This option can reduce and defer capital gain in addition to many other tax benefits.

Charitable Remainder Trust (CRT)
A type of trust that pays one or more beneficiaries a fixed amount, typically for life, then the balance to The Periwinkle Foundation.

Charitable Lead Trust (CLT)
Transfer your cash to fund a lead trust that makes a gift to The Periwinkle Foundation for a number of years. You receive a charitable deduction for your gift. Your family receives the remainder with substantial tax savings. This plan also provides funds to The Periwinkle Foundation during your lifetime.

As you consider your options, please consult with your attorney, accountant, or tax professional to discuss which type of planned gift would be most advantageous for you. Please let us know when you leave The Periwinkle Foundation in your will or estate plan so that we can recognize you within the Foundation.

For more information on planned giving and The Periwinkle Foundation, please call (713) 807-0191 or contact Doug Suggitt at dsuggitt@periwinklefoundation.org