Gifts That Cost You Nothing Now
Your Legacy Could Be Breaking the Cycle of Poverty
Gifts in a will or by beneficiary designation are two easy ways to make a lifesaving difference in the future of our children — and they don’t cost anything now.
Please let us know if you’ve included a gift for Sisters of Mary Children in your will or through a beneficiary designation. Providing us with documentation is the best way to ensure that your gift is used in the way you intend.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Sisters of Mary Children. Once you have provided for your loved ones, we hope you will consider making ending poverty for children part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
Your gift will create your legacy of helping children break free from poverty.
You can alter your gift or change your mind at any time and for any reason.
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
A general bequest is a gift of a specific amount.
A residuary gift is a gift of all or a percentage of the remainder of your estate after specific bequests and expenses have been paid.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Sisters of Mary Children contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in giving children in poverty enhanced employment and earning prospects — and it costs you nothing now.
By naming Sisters of Mary Children as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of lifesaving opportunities.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with Sisters of Mary Children
Types of Gifts
Retirement plan assets
You can simply name Sisters of Mary Children as a beneficiary of your retirement plan to affect change for future generations of children.
Life insurance policies
You can name Sisters of Mary Children as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Sisters of Mary Children will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Sisters of Mary Children (Tax ID: 52-1440944) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward ending the cycle of poverty for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Sisters of Mary Children as a “successor” of your account or a portion of your account value, you enable life-changing education for children.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Sisters of Mary Children
Include our tax identification number: 52-1440944