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Build a Lasting Legacy
Planned giving and legacy gifts represent a profound commitment to the future. By incorporating The Freedom to Choose Project into your estate and financial planning, you’re helping to lay the foundation for our organization to thrive for years to come, ensuring the mission’s success through your long-term contributions.
Legacy gifts can be included in wills, trusts, or can take the form of various planned contributions. And donors have the flexibility to give unrestricted donations or dedicate funds to specific programs.
There are many ways to make a lasting impact with a legacy gift.
- Including FTC in your will or trust as a bequest
- Designating FTC as a beneficiary on your life insurance policy
- Designating FTC as a beneficiary on your retirement account(s), such as a 401(k) or IRA
To ensure the correct beneficiary:
Legal Name: The Freedom to Choose Project
EIN Number: 27-2521943
Financial and Legal Advice:
We recommend that you consult with your financial advisor, attorney or tax consultant to make sure your gift aligns with your financial goals. We can also refer you to volunteer advisors who work with our team.
BEQUESTS
Embedding your commitment to our mission in your will or living trust is a great way to leave a lasting legacy.
Examples of Bequest Language:
- Unrestricted Bequest: ”I bequeath to The Freedom to Choose Project, a tax-exempt organization, an amount equal to $____ for general use.”
- Specific Asset Bequest: ”I bequeath my ____, identified as _____, to The Freedom to Choose Project, a tax-exempt organization.”
- Residue of the Estate: ”I designate __% of the remaining assets of my estate to The Freedom to Choose Project, a tax-exempt organization.”
- For a Specific Purpose: ”This bequest shall be utilized by The Freedom to Choose Project for the objective of ____. Should the board find the original purpose impractical, the funds will be used for a similar charitable endeavor.”
For detailed guidance, consult with your financial and tax advisors.
LIFE INSURANCE
By naming The Freedom to Choose Project as a life insurance beneficiary, you create an avenue for very meaningful support. You can designate us as either a primary or contingent beneficiary. This method offers a convenient way to leave a memorable, lasting impact without impacting your current financial situation.
RETIREMENT ACCOUNTS
Designating The Freedom to Choose Project as a beneficiary of your IRA, 401(k), or other retirement plan is an astute way to optimize your charitable giving:
- Simply name The Freedom to Choose Project as a beneficiary on your retirement account’s beneficiary designation form.
- You retain complete control over the assets during your lifetime, and you can change beneficiaries at any time should your circumstances change.
- Upon your passing, the remaining assets will transfer to The Freedom to Choose Project, tax-free.
Thank You!
By choosing to leave a legacy, you are making a powerful statement about your commitment. Thank you for considering this extraordinarily meaningful avenue to support The Freedom to Choose Project’s future.
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Disclaimer: The information provided on this Legacy and Giving page is intended for general informational and educational purposes and should not be construed as legal or financial advice. You should consult with your own financial planner, attorney, or tax advisor to ensure that a planned gift is appropriate for your individual circumstances and complies with all applicable laws. The Freedom to Choose Project does not provide legal or financial advice.
“While I volunteer to be of service to these men at the correctional facility, the truth is that I receive back ten-fold. My heart overflows and tears fall from my eyes as I bear witness to the transformation of young men to mature, caring gentlemen, who also yearn to give back. It is a privilege to be here and do this work. As Ghandi said ‘Be the change you want to see.’ Here the change is so clear. Light to you FTC.”
– Eric, FTC Graduate and FTC Staff Member
