Gifts that Cost You Nothing Now

“Through the Circle of Life, Rose and I are investing in the Center’s and LGBT community’s future … I want it [the Center] to be there for future generations as a beacon of hope and support for those who need it.”
Chris Dean and Rose Veniegas, Circle of Life members

 

All it takes is your signature to make the gift that creates your legacy in the LGBT community. This type of gift costs you nothing now, and you can change your beneficiaries at any time.

Once your loved ones are provided for, we hope you’ll consider leaving a gift for the Center in your will, trust, or by beneficiary designation. The impact you have will go on for years to come.

Please let us know if you’ve included a gift for the Center in your will or trust or by beneficiary designation. Providing us with documentation is the best way to ensure that your gift is used in the way that you intend.

A gift in your will or trust is a simple, flexible, and versatile way to create your legacy and ensure that the Center’s work will continue for years to come.

Here are some popular ways to leave a gift for the Center:

  • A general gift in your will leaves a gift of a stated sum of money in your will or living trust, typically in the form of personal property or assets.
  • A specific gift in your will leaves the Center a specific dollar amount or stated fraction of your estate or specified items (collections, art, books, jewelry, and so on).
  • A residual gift in your will leaves the Center the remainder of your estate after other bequests, debts, and taxes have been fulfilled.
  • A contingent gift in your will leaves the Center a stated share of your estate only if a spouse, family member, or other beneficiary does not survive you.

View Sample Gift Language

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.

You can support LGBT people for years to come when you name the Center as a beneficiary of your retirement account, life insurance plan, bank account, or other assets. This is one of the easiest gifts to give. It costs you nothing now, doesn’t require an estate plan or a lawyer, and you can change your beneficiaries at any time.

Reasons to Update Your Beneficiary Designations:

  1. You have been remarried, widowed, or divorced
  2. Your primary beneficiary has passed away
  3. Your financial institution changed ownership
  4. You had a grandchild or great-grandchild
  5. You want to create your legacy with the Center

What Types of Gifts can I Give?

Here are some of the assets that transfer by beneficiary designation. Any of these will help the Los Angeles LGBT Center care for, champion, and celebrate LGBT individuals and families in Los Angeles and beyond. You can give:

  • IRAs, 401ks, and other qualified plans
  • Life insurance policy
  • Certificates of deposit
  • Bank accounts
  • Donor advised fund residuals
  • Personal residence

View Sample Beneficiary Designation Language

To talk with us about creating a better world for future generations of LGBT people, please contact Frank Stasio, Senior Director of Planned Giving, at 323-993-7690 or fstasio@lalgbtcenter.org.

As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.