Legacy Giving: Ways to Give

Thank you for your interest in supporting Senior and Disability Action’s vital work through your estate planning. Truly, it is humbling to be considered.

Please read on to learn more about options for including SDA in estate planning, including Bequests, Beneficiary Designations, Charitable IRA rollovers, and Charitable Remainder Trusts. And remember, if you’d rather just speak to someone at SDA about the options, please click here to fill out this form and we’ll get in touch!

Bequests in Wills or Trusts

Remembering SDA in your Will or Living Trust is a simple way for you to leave a legacy of care for future generations of seniors and people with disabilities.

There are different ways for you to include SDA in your Will or Living Trust.

  • Make a donation of a specific amount or asset: “I give to Senior and Disability Action, Inc., a San Francisco not-for-profit corporation that is recognized as exempt from tax under Section 501 (c)(3) of the Internal Revenue Code, with its principal office located at 1360 Mission Street, #400, San Francisco, CA 94103, the sum of $___ to be used for its general purposes.”
  • Leave a percentage of your estate: “I give to Senior and Disability Action, Inc., a San Francisco not-for-profit corporation that is recognized as exempt from tax under Section 501 (c)(3) of the Internal Revenue Code, with its principal office located at 1360 Mission Street, #400, San Francisco, CA 94103, ___ percent of the total value of my estate to be used for its general purposes.”
  • Take care of others first, and leave the remainder, or residual, of your estate to SDA: “I give to Senior and Disability Action, Inc., a San Francisco not-for-profit corporation that is recognized as exempt from tax under Section 501 (c)(3) of the Internal Revenue Code, with its principal office located at 1360 Mission Street, #400, San Francisco, CA 94103, [all or ___ percent)] of my residuary estate to be used for its general purposes.”
  • Leave a contingent gift that only takes effect if one of your beneficiaries predeceases you: “In the event of the death of any of the beneficiaries, I give to Senior and Disability Action, Inc., a San Francisco not-for-profit corporation that is recognized as exempt from tax under Section 501 (c)(3) of the Internal Revenue Code, with its principal office located at 1360 Mission Street, #400, San Francisco, CA 94103, (specific, percentage, or residual language as above).”

Beneficiary Designations

Did you know that the disposition of certain assets (retirement accounts, life insurance policies, brokerage accounts, savings and checking accounts) is determined by beneficiary designations, not by a Will or a Living Trust, after someone passes away?

Naming SDA as a beneficiary of one of these assets is an easy way to leave a meaningful gift to SDA. Here’s how:

    1. Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
    2. Decide what percentage (1 to 100) you would like SDA to receive.
    3. Name SDA as a primary or secondary beneficiary and indicate the percentage you would like SDA to receive.
    4. Return the completed form to your plan administrator, insurance company, bank or financial institution.

You’ll need this information to complete a beneficiary designation form:

  • SDA’s legal name and address: Senior and Disability Action, 1360 Mission Street, #400, San Francisco, CA 94103
  • SDA’s tax identification number: 94-3213120

Charitable IRA Rollovers

If you are at least age 70½, you can transfer up to $100,000 directly from your Individual Retirement Account (IRA) to SDA without being taxed. Your gift will also count towards your minimum required distribution.

  • To qualify, you must meet the following requirements:
    • You must be 70 ½ or older
    • The transfer must go directly from your traditional or Roth IRA to SDA, Inc. (401(k), 403(b) and SEPs are not eligible).
    • Your gift cannot exceed $100,000 per year
  • If you decide to contribute from your IRA to SDA, share SDA’s legal name, address and tax identification number, as follows, with your IRA administrator:
    • Senior and Disability Action, 1360 Mission Street, #400, San Francisco, CA 94103
    • Tax identification number: 94-3213120
  • Instruct your retirement plan administrator to make a charitable IRA rollover from your account directly to SDA.
  • Please let us know about your gift so we know who to acknowledge.

Charitable Remainder Trusts

A charitable remainder trust (CRT) is an arrangement that will provide you or someone else income AND a gift to SDA.

Here’s how it works: A CRT involves the irrevocable transfer of cash, securities, or other property to a trust, managed by a trustee of your choice. You or others receive income from the trust for life or for a set number of years.  After the passing of the income recipient(s), or the set number of years ends, SDA receives the assets remaining in the trust.

  • You’ll be eligible for an income tax charitable deduction for the year in which you establish a CRT. The deduction is based on the projected value of the ultimate gift to SDA.
  • There are two basic types of charitable remainder trusts:
    • A charitable remainder unitrust provides a fluctuating annual payment based on a percentage of the trust’s assets as revalued each year. If the assets grow, the beneficiaries will receive a larger annual payment.
    • A charitable remainder annuity trust pays a fixed dollar amount each year, regardless of how the trust investments perform. This arrangement ensures stable income to the designated income beneficiary. 

Again, thank you for considering a donation to SDA. We are deeply grateful and available to talk through it all at any time. If you’re planning on remembering SDA in one of the above ways or have questions, please click here to fill out this form. 

This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances.

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