Thank you for your kind words regarding my mother. She had many friends and enjoyed many events during her years at Seven Acres. Thank you for making her last decade happy.
The following are the most common types of planned gifts. These are simply an overview of your options, and are not intended to constitute tax, accounting or legal advice. Donors should consult with their own professional advisors regarding a planned gift.
The most popular type of planned gifts. Anything you leave to a charitable organization will reduce the size of your taxable estate, while helping a good cause. A bequest may be a specific dollar amount, a percentage of an estate or a specific asset. Regardless of the size of your estate, a bequest can be made to a charity of your choosing. The entire value of a bequest is eligible for an estate tax charitable deduction.
- Outright Gifts
Immediate gifts or cash, appreciated securities, real or tangible property are welcome gifts to Seven Acres.
- Wills and Revocable Living Trusts
A gift made through your will or living trust permits you to retain all your assets during your life. Designation may be for a percentage of your estate, a specified amount or for the residue of your estate.
- Charitable Trusts
Charitable trusts can provide life income to you and/or a loved one. After your lifetime(s), the trust principal passes to Houston Hospice. You may name other charities as principal recipients as well.
- Charitable Gift Annuity
In return for tax-deductible contributions, Seven Acres pays a fixed life income to you and/or a lived one. After your lifetime(s), the remaining balance passes to Seven Acres.
- Life Insurance
When added protection of an insurance policy is no longer needed, transferring the policy's ownership to Seven Acres can result in tax benefits for you and a generous gift to Seven Acres.
- Charitable Lead Trusts
If you desire to retain ownership of the trust principal to meet future financial goals for your family, but have ample income now, a charitable lead trust directs income from the trust to Seven Acres for the specified terms of the trust. After that period of time, the principal returns to you or your designee.
- Beneficiary Designations
You may add Seven Acres as a revocable beneficiary of your qualified IRA, pension plan, bank account or insurance policy.
For more information regarding ways to give to Seven Acres through Planned Giving please contact our Development Office at 713-778-5781.