Your planned gift to Single Parent Advocate ensures that your values and commitment to supporting single-parent families live on. Your generosity will continue to make a difference long into the future, helping countless families with single head-of-households fare better and thrive.
By considering planned giving, you can make a lasting impact on the lives of single-parent families for generations to come.
Types of Planned Giving Options
Donate Through Stocks
Make a larger impact by gifting stock and donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to charity. Compared with donating cash or selling your appreciated securities and contributing the after-tax proceeds, you may potentially increase your gift and tax donation.
Bequests
A bequest is a gift made through your will or living trust. This simple and flexible option allows you to maintain control of your assets during your lifetime while still supporting Single Parent Advocate in the future.
Fast Fact: Less than 50% of Americans have a will. We recommend this to all those who we support and to all those who support our organization. Some individuals create their own will, and others hire an estate attorney for this purpose. Either way, having a plan intact for life events such as the passing of a loved one is highly beneficial and recommended for all. If you are looking for answers as it relates to creating a will, here is an idea: Freewill.com
Charitable Gift Annuities
A charitable gift annuity provides you with fixed payments for life, while also supporting Single Parent Advocate. This option can offer tax benefits and a reliable income stream simultaneously.
Life Insurance Policies
Single Parent Advocate works with a licensed professional advisor to help passionate Life Changers like you leverage life insurance policies to create a legacy. This option allows you to make a significant gift while potentially enjoying tax benefits.
Retirement Plan Assets
Designating Single Parent Advocate as a beneficiary of your retirement plan assets, such as an IRA or 401(k), can be a tax-efficient way to support our mission while providing for your loved ones.
Charitable Remainder Trusts
These trusts provide income to you or your designated beneficiaries for a specified period, with the remainder going to Single Parent Advocate. This option can offer tax benefits and income security
Impact of Your Gift
By supporting Single Parent Advocate through planned giving, you’re investing in the future of countless families, helping to break cycles of poverty and empower the next generation. Your planned gift to Single Parent Advocate will help us:
- Provide essential resources and support to single parents and their children
- Offer educational scholarships and professional development opportunities
- Expand our programs, and increase our capabilities across a broader geographic range
- Advocate for policies that benefit single-parent families and organizations that do the same
Your commitment to Single Parent Advocate’s mission will also inspire others and create a ripple effect of positive change in our community.
Getting Started
Taking the first step towards planned giving is a process that requires careful consideration. We have made finding a trusted advisor to speak with about this easier, though.
If you’re interested in learning more, please contact our development team to discuss your options and learn how your gift can make a lasting difference. We’re here to answer your questions and guide you through the process. Together, we can ensure that single parents and their children have the support and resources they need to thrive for years to come.
Thank you for your consideration. Your legacy of compassion and generosity will transform lives and strengthen our community.
Remember to consult with your financial advisor to understand the specific tax benefits applicable to your situation.
Contact Us for More on Legacy Gifting
Legacy Giving FAQs
Your Questions About Creating a Lasting Impact for Single-Parent Families
Below are answers to common questions donors ask when considering a legacy gift to Single Parent Advocate.
What is a legacy gift to Single Parent Advocate?
A legacy gift (also called planned giving) is a future gift you arrange today—often through your will, trust, life insurance policy, or retirement account—that supports Single Parent Advocate during and after your lifetime. It allows your values to continue making an impact for single-parent families for generations.
Can I take care of my family and still leave a gift?
Yes. Most donors provide for their loved ones first and then leave a specific amount, percentage, or remainder to charity. Legacy giving is about aligning your financial plans with your values—not choosing one over the other.
Do I need to be wealthy to make a legacy gift?
No. Legacy gifts come in all sizes. Even a modest percentage of your estate, a retirement account designation, or a life insurance policy can create meaningful, long-term impact for single-parent families.
What are the simplest ways to leave a legacy gift?
Some of the most common and straightforward options include:
- Adding a charitable gift in your will or trust
- Naming Single Parent Advocate as a beneficiary of your IRA, 401(k), or life insurance policy
- Donating appreciated stock or other assets
- Exploring charitable gift annuities or trusts, when appropriate
Your financial or legal advisor can help determine what fits your situation.
How do I include Single Parent Advocate in my will?
Ask your attorney to add a simple clause naming Single Parent Advocate as a beneficiary. You can designate:
- A specific dollar amount
- A percentage of your estate
- The remainder after other gifts are fulfilled
We can provide our legal name and tax identification number upon request.
Can I name Single Parent Advocate as a beneficiary of my life insurance or IRA?
Yes. You can typically update your beneficiary designation form to include Single Parent Advocate as a full or partial beneficiary. This is often one of the easiest ways to create a legacy gift and may offer tax advantages.
Will this affect my current income or lifestyle?
Many legacy gifts—such as bequests or beneficiary designations—do not affect your current income because they take effect in the future. Some options, like charitable gift annuities or trusts, may even provide income to you or a loved one during your lifetime.
Should I let you know if I’ve included Single Parent Advocate in my plans?
We would be honored to know. While it is completely optional, informing us allows us to thank you, recognize your commitment (if you wish), and plan responsibly for the future.
Who should I talk to about setting up a legacy gift?
We strongly encourage you to speak with your financial, tax, or legal advisor first. They can help you determine which options align with your overall financial and estate plans.
If you don’t have a personal advisor, our team can also connect you with licensed professionals who understand charitable legacy planning.
Ready to Explore Your Legacy?
Your legacy can help ensure that single parents and their children experience stability, opportunity, and hope for years to come. Complete the form below and one of us will be happy to connect with you.
