Create a Splendid Legacy

"Life is no 'brief candle' for me. It is a sort of splendid torch which I have got hold of for the moment, and I want to make it burn as brightly as possible before handing it on to future generations."
— George Bernard Shaw

img_iva-mathis-daughterPlanning Your Legacy

We are pleased that you have an interest in learning about the many benefits a legacy gift to the Foundation of Wesley Woods has for you and your loved ones. We are honored by your heartfelt consideration and interest in creating a legacy to benefit future generations.

We would be delighted to share the benefits of estate planning, what types of assets make the best gifts and how to make a contribution that provides tax benefits and even life income. No matter your financial worth, having an estate plan is vital in ensuring your assets are properly cared for—with your goals in mind.

Legacy Giving Interest Form

Should you have any questions about the best way for you to benefit through estate planning, please contact Ty Tippett, Distinguished Gifts Officer at (404) 728-6290 or ty.tippett@wesleywoods.org.

What is Estate Planning & Legacy Giving?

When preparing your estate, consider the financial benefits of making a legacy gift, giving you the opportunity to make gifts now or after your lifetime.

The goal of legacy giving is to help you plan your estate in a way that benefits you, your family and those causes that are closest to your heart.

Benefits of a estate planning can include:

  • Leaving a lasting legacy to causes about which you are passionate.
  • Receiving a fixed or variable income.
  • Receiving an estate tax charitable deduction.
  • Reducing the burden of taxes on your family. Legacy gifts significantly strengthen the Foundation of Wesley Woods’ endowment fund, providing a fiscal cornerstone for long-range plans, the benevolence care program and our service to future generations of older adults.

 

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Torchbearers’ Society

Established in 2000, the Torchbearers' Society honors those visionary donors who have provided for Wesley Woods in their estate plans. When you make the Foundation of Wesley Woods aware that a gift has been or will be made through your will, trust, retirement plan or other estate plan, you automatically become a member of the Torchbearers’ Society.

As a member, you are now a part of an exclusive group of individuals who share a vision and commitment into perpetuity. You will be recognized in various Wesley Woods’ promotional materials and invited to all Torchbearers’ Society events throughout the year. Your contributions secure the future of so many older adults that would otherwise not be able to spend their later years in a secure, comfortable and vibrant environment, surrounded by care and compassion.

img_ellen-martha-sophieTypes of Legacy Giving

Legacy Bequest

An easy way to make a charitable gift is to include language specifying a legacy bequest gift to the Foundation of Wesley Woods in the legacy bequest portion of your will or living trust. You may change your will or trust provisions at any time, as gifts are not payable until after your lifetime.

By making a legacy bequest, you create a lasting legacy, one that ensures Wesley Woods can continue to help enrich the lives of older adults so they not only have a safe place to live, but are happy, thriving and valued contributors to society.

Additional benefits:

  • You can continue to use the property you will leave to Wesley Woods during your lifetime.
  • You can choose to designate your gift to be used for a general or specific purpose so you have the peace of mind knowing that it will be used as you intend.
  • Your bequests are exempt from federal estate taxes and if you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

Suggested wording for your will:

“I hereby give, devise, and bequeath to The Foundation of Wesley Woods, located at 1817 Clifton Road NE, Atlanta, GA 30329, an unrestricted gift to be used in the area of greatest need at the time the gift is received (*or a restricted gift, to be used for [please specify]):
• the sum of $___________, or
• a portion of my estate totaling __%, or
• the following described personal property ______________.

Legal Name: Foundation of Wesley Woods
Address: 1817 Clifton Road NE, Atlanta, GA 30329
Federal Tax ID Number: 58-1543164
The information contained above is not intended as legal or tax advice. Please consult with an attorney or tax advisor for such advice and for applicability of the above language to your particular circumstances.

Beneficiary Designation

A beneficiary designation clearly identifies how specific assets will be distributed after your lifetime by naming Foundation of Wesley Woods as a beneficiary to receive assets such as retirement plans and life insurance policies after your existence. You simply fill out a form that is entirely separate from your will. Not only is this an easy way to give, but it's also flexible—you aren't locked into the choices you make today. In fact, you can review and adjust beneficiary designations at any time with no penalty.

Retirement Plan Assets

The full value of your IRA, 401(k), 403(b) or other qualified plans is subject to federal and state estate taxes at your passing, and the distributions from these accounts are subject to federal and applicable state income taxes. Instead, consider naming the Foundation of Wesley Woods as a beneficiary of all or a portion of your plan.

Charitable Remainder Trust

Provides you or another named individual with income each year for life or a period not exceeding 20 years from assets you give to the trust created.

Endowed Gift

Creates a new endowment or adds to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support a specific project related to Wesley Woods’ mission.

Legacy Giving Interest Form

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