Including Bernie’s Book Bank in your estate plan will not only assist you in reaching and achieving your own philanthropic and charitable giving goals, but it will also allow Bernie’s Book Bank to continue its mission of empowering children through book ownership.
There are many charitable planned giving options available to you. For example, you can name Bernie’s Book Bank as a beneficiary of your last will and testament, life insurance policy, or retirement plan. You can also name the organization as a beneficiary of a charitable trust. Your attorney or financial advisor can advise you of the various types of charitable trusts and assist you in establishing a trust that is tailored to your personal needs.
Different planned giving strategies may have a greater tax benefit to you than others, so please consult with your attorney or financial advisor on which strategy would work best for you.
There are many ways to make a deferred gift to Bernie’s Book Bank, the most common way being a bequest in your will or trust. Through your will or living trust, you may give a specific dollar amount or a percentage of your estate. Other ways of giving include:
1. Naming Bernie’s Book Bank as a beneficiary of your retirement plan, insurance policy or financial account.
2. Making a life-income gift and receiving income for life or for a fixed term.
For more information on including Bernie’s Book Bank in your planned giving, please contact Kristen Daniels, Executive Director. We encourage you to consult an attorney or financial adviser before making a gift.