Services for people with developmental disabilities.
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Types of Gifts

There are many ways you can support Hattie Larlham. Your gifts of bequests, charitable gift annuities and charitable trusts can provide benefits for you the donor. Whether the goal of your gift is to leave a legacy, supplement your income or lower your taxes, Hattie Larlham can help.

Your Goal: Leave a Legacy

Bequest

A bequest is one of the easiest ways to make a lasting difference to a person with disabilities. Through a provision in your will or trust, you can receive an estate tax charitable deduction and lesson the tax burden on your family while also making a meaningful gift to Hattie Larlham. With the help of an advisor, you can include language in your will or trust specifying a gift to be made to family, friends or a charity as part of your estate plan.

Qualified Retirement Plans

Gifting a distribution through your qualified retirement plan (QRP) at your passing is one of the most tax-efficient ways to give. Your QRP, such as an IRA, 401(k), or 403(b) may be your largest asset, one that has grown appreciably through the years. You may want to leave these funds to your family or other heirs after your death; however, distributions from retirement plans given to people other than your spouse may be subject to both income and estate taxes. This loss to income and estate taxes can often exceed 50 percent or more.

Giving a gift to Hattie Larlham through a retirement plan, such as a 401(k), IRA, or 403(b), may allow you to eliminate a portion of the state and federal income taxes that would be owed on these plans and the taxes owed by your estate as well. By including Hattie Larlham as the beneficiary of a percentage of your retirement assets, you can minimize your taxes, preserve more assets for your loved ones and support Hattie Larlham’s mission.

Life Insurance

You can name Hattie Larlham a beneficiary of an existing or new life insurance policy, giving you a very flexible and effective way to support our work. Your estate may receive a charitable estate tax deduction for the amount of the gift provided to the university upon your death

Your Goal: Supplement Your Income

Gift Annuity

In exchange for your gift to charity, you or 1-2 other annuitants receive a fixed sum each year for life.

Deferred Gift Annuity

In exchange for your gift to charity, you or 1-2 other annuitants receive a fixed sum each year for life starting at the date of first payout.

Charitable Remainder Unitrust

Your unitrust pays a fixed percentage of its value, determined each year, to you or others you name for life or a term of years. The remaining assets then go to charity.

Charitable Remainder Annuity Trust

Your trust pays a fixed dollar amount each year to you or others you name for life or a term of years. The remaining assets then go to charity.

Charitable Lead Unitrust

Your unitrust pays a fixed percentage of its value, determined each year, to charity for a term of years or one or more lifetimes. The accumulated assets then go back to you or others you name.

Charitable Lead Annuity Trust

Your trust pays a fixed dollar amount each year to charity for a term of years or one or more lifetimes. The accumulated assets then go back to you or others you name.

Your Goal: Lower Your Taxes

Appreciated Real Estate

If you have real estate you wish to protect from a taxable capital gain or that you would like to convert to an income stream, a gift of real estate to Hattie Larlham can be a good solution, allowing you to reduce or avoid capital gains taxes, enjoy an immediate deduction on your federal income taxes, and potential increase your cash flow.

A variety of options can even allow you to continue to live at the property for the remainder of your lifetime; or for the lifetime of a loved one.

Given the recent changes in tax law, it is extremely important that you consult with your financial planner or accountant before making a decision on gifting your retirement assets to a charity.

If you have included Hattie Larlham in your estate plans, we hope you will inform us. We want to be able to recognize you for your generous intent and also make sure the gift will be appropriately stewarded.

Catherine Schwartz

Catherine Schwartz

Vice President, Development

Phone: (330) 274-2272, ext. 3457
E-Mail: catherine.schwartz@hattielarlham.org

Hattie Larlham Executive Offices
7996 Darrow Road, Suite 10
Twinsburg, OH 44087