A Legacy of Hope
As a registered organ, eye and tissue donor, you already have an important plan to leave a legacy. Naming Donate Life Northwest as a beneficiary in your estate plans is a powerful way to extend that legacy and help build a future without waitlists for transplant.
Whether working with professional advisors on your will or trust, or completing a simple beneficiary form for life insurance or for 401K or other retirement plan, you can list as a beneficiary:
"Donate Life Northwest, IRS ID 93-0867552, headquartered in Portland, Ore."
Contact director of development, Alexis Anderson, at 503.494.2289 or firstname.lastname@example.org for more information on planning your legacy, or to let us know of your plans. With any sort of planned gift, you can choose to be listed in the Gift of Life Society honor roll, or let us know if you prefer to remain anonymous.
Charitable Gift Annuities: the gifts that really give back
Another terrific way to plan for your own future and the future of organ, eye and tissue donation is a Charitable Gift Annuity (CGA). For those age 60 or older, a CGA can offer immediate and long-term tax advantages, as well as the assurance of fixed payments, year after year, for the rest of your life. If you want to leave a legacy to help others, but you are disappointed with rates from investments like CDs, or you worry about possible market volatility and daunting capital gains tax with your need for cash flow through retirement, a CGA might be right for you.
Rates range from 4.4% for a 60 year old single annuitant to 9.0% for ages 90 and up. Immediate and long term tax advantages can be substantial, especially when using appreciated stock to establish a CGA. As an example, a single annuitant, age 75, could lock in a 5.8% rate for life, as of January 2018, and tax advantages might make that equivalent to 8.0%, or more.
Rates can be based on the age of the annuitant at the time the CGA is established, but other factors and various options (like joint or successive payments for two annuitants or deferring the start of payments to lock in a better rate) have tax and payment implications.
We partner with the experts at the Oregon Community Foundation, and can provide you with custom illustrations for CGAs and other "life income" gifts to show the tax and payment options for your personal situation.
A Future Where All Can Give and No One Will Wait
Experts tell us, as the science of transplant and even "artificial" organs, eyes and tissues progresses, the terrible wait could be diminished, but future generations will still have need and even more opportunity to share the gifts of organ, eye and tissue donation. Your planned gift through a will, trust, retirement plan, insurance policy, or charitable trust will help build a future where no one will face a terrible wait for transplant and all communities will appreciate the powerful gifts of life, sight and health.