To leave a legacy for the future of Planned Parenthood of Connecticut consider the following:
(see this page as a PDF)

Bequests: Gifts Made Through Your Will or Living Trust
Ways to Leave a Bequest Without a Will or Trust
Gifts That Give You Income for Life


Bequests: Gifts Made Through Your Will or Living Trust
The most common planned gift is a bequest through your will or living trust. You can arrange a gift of a specific amount, a percentage, or even all or part of the residuum of your estate. If you would like to make such a gift to Planned Parenthood of Connecticut (PPC), your attorney may wish to include language similar to the following:

"I give, devise, and bequeath to Planned Parenthood of Connecticut, Inc., now or formerly in the City of 345 Whitney Avenue, in the State of Connecticut, (dollar amount or __ percent of the rest, residue, and remainder of my estate), to be used for its general purposes."

To establish a bequest to PPC, you may also need the following:
Legal Name: Planned Parenthood of Connecticut, Inc.
Address: 345 Whitney Ave. New Haven, CT 06511
Employer Identification Number (EIN): 06-026-3565
 

Ways to Leave a Bequest Without a Will or Trust
Many charitable people wish to create a legacy for Planned Parenthood of Connecticut, but have no interest in writing a will or trust. Here are three ways this can be achieved:

• Planned Parenthood of Connecticut as beneficiary of a retirement fund
• Planned Parenthood of Connecticut as beneficiary of an insurance policy, or
• Planned Parenthood of Connecticut as successor to your bank or investment account

To establish a bequest to PPC, you may also need the following:
Legal Name: Planned Parenthood of Connecticut, Inc.
Address: 345 Whitney Ave. New Haven, CT 06511
Employer Identification Number (EIN): 06-026-3565

Retirement Funds You can create a legacy by naming Planned Parenthood of Connecticut as beneficiary or contingent beneficiary of an IRA, 401 (k), 403 (b), Keogh account, or other retirement plan. When a retirement account is left to a charity, the organization does not pay the income tax otherwise due if left to a friend or family member. For very high net worth individuals, assets in these accounts may be taxed twice if they are part of your estate, resulting in asset depletion. To make such a gift requires completing a change of beneficiary form. There should be no fees involved, and it does not require any work on the part of an accountant or attorney. Note: If you are married, please note that changing beneficiaries may require the permission of your spouse. There also may be additional tax and financial planning issues, so when considering these assets in your plans, you should consult your legal or financial advisor.
If you need help obtaining a change of beneficiary form, please contact us.


Insurance Policies  Life insurance may be used to create a legacy by naming Planned Parenthood of Connecticut as beneficiary or contingent beneficiary of the policy. This requires that you complete a change of beneficiary form with the insurance company. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. If you name Planned Parenthood of Connecticut as beneficiary, you can change your mind at any time by updating the change of beneficiary form. If you need help obtaining a change of beneficiary form, please contact us.


Bank and Investment Accounts  You may name Planned Parenthood of Connecticut as successor to your bank or investment account in most states. The arrangement is known as TOD/POD or Transfer-on-Death/Payable-on-Death. This requires that you complete a form directly with your financial institution. You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. TOD/POD gifts are completely revocable -- you may change your mind at any time by filling out a new form.
 

Gifts That Give You Income For Life
Planned Parenthood of Connecticut offers a comprehensive planned giving program. Our staff works with donors and their advisors on many special ways of giving. Our staff can prepare personalized, confidential gift examples for you. If you would like more information, please contact us.

If you would benefit from:
• payments for the rest of your life
• an income tax charitable deduction, and
• a reduction in capital gains tax

and, if you would like to make a gift that will create a legacy for the future of Planned Parenthood of Connecticut, please consider:

Charitable Gift Annuities  A charitable gift annuity is a special giving arrangement in which, in return for a gift of $5,000 or more (or $10,000 for two annuitants), Planned Parenthood of Connecticut provides guaranteed, fixed payments to you and/or another person for the rest of your lives. The rate of your payments is based on your age when the gift is made and will not change. A portion of your annuity payments may be tax-free, depending on the specifics of the gift. A charitable gift annuity also entitles you to partial income tax charitable deduction and may provide capital gains and estate tax benefits. After your lifetime, the remainder of your gift will support the work of PPC. 

Charitable Remainder Trusts  To be part of the Planned Parenthood of Connecticut Charitable Remainder Trust Program, you would make an irrevocable gift of $100,000 or more to establish a distinct trust fund in your name. All donors qualify for an income tax charitable deduction. If you make your gift with appreciated securities, you avoid the capital gains tax on long-term appreciation. Charitable remainder trusts may be customized to meet your personal and family objectives, particularly if you want to provide for a friend or family member during or after your life.


Questions?  Email us, or call the PPC Development Office at 203-865-5158.

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