Planned Giving

craft a legacy

Making a planned gift to Boys and Girls Clubs of East County is simple way to craft a legacy that positively impacts East San Diego County’s children for many years. If you are a loyal supporter of the Club who believes in the mission of Boys & Girls Clubs of East County and wants to ensure that its valuable, life-changing programs continue to serve future generations, please consider this transformational option.

Legacy gifts

Ways to Give

There are many ways to make a planned gift to BGCEC Foundation in support of East County San Diego’s kids. Below we have outlined the most common options. If you are considering a legacy gift we would be happy to arrange a confidential gift planning consultation, without obligation. If BGCEC Foundation is already included in your estate plans please let us know so we can invite you to join our Heritage Club. Please contact Samantha Olsen Gonzalez at sam@bgcec.org or 619-440-1600.

BEQUEST THROUGH WILL OR TRUST

A simple way to make a planned gift is by designating assets to BGCEC Foundation in your will or living trust. Bequests can take a variety of forms:

General bequest: Gift of a dollar amount or % of assets of the estate.
Specific bequest: Gift of a designated asset or property.
Residual bequest: After all debts, expenses and specific bequests have been paid BGCEC receives a specific dollar amount or a % of the remainder.
Contingent bequest: BGCEC becomes a full or partial beneficiary if certain conditions are met, generally family or friends predeceasing the donor.

GIFT OF RETIREMENT ASSETS

Many donors choose to make BGCEC Foundation a beneficiary of their retirement plans, such as an IRA, 401(k) 403(b). BGCEC Foundation may be designated as the primary, partial or contingent beneficiary. The gift is easy to make or modify, through the beneficiary designation form provided by the retirement plan administrator. Gifts of tax-deferred assets avoid the deferred income tax obligation and qualify for a charitable deduction.

GIFT OF DESIGNATED FINANCIAL ACCOUNT

BGCEC Foundation can be named as a beneficiary of a non-retirement financial account by establishing a transfer at death designation. Assets are transferred directly to BGCEC Foundation and avoid probate.

GIFT OF LIFE INSURANCE ASSETS

BGCEC Foundation can receive proceeds from a life insurance policy through a variety of gift techniques. Gifts may be revocable or irrevocable and can be affected through a Change of Beneficiary form obtained from one’s insurance provider.

CHARITABLE TRUSTS

Trusts that benefit BGCEC Foundation can be established either during a donor’s lifetime or at the time of death. Often these trusts are used to reduce gift and estate taxes and provide income to beneficiaries. Below are two common options:

Charitable Remainder Trust: A CRT creates current income for beneficiaries and an income tax deduction for the donor. When the trust ends, principal passes to BGCEC Foundation.

Charitable Lead Trust: Through a CLT, BGCEC Foundation receives income from the trust for a specified period and principal passes to heirs upon trust termination.

DONATE STOCKS AND MUTUAL FUNDS

Reasons to Consider Donating Appreciated Stocks
Gifting stock is a simple and powerful way to help the Boys and Girls Clubs of East County Foundation’s support of local children:
– You can easily donate appreciated stocks, bonds or mutual funds
– The total value of the stock upon transfer is tax-deductible
– There is no obligation to pay any capital gains taxes on the appreciation

Instructions: How to make a Stock Donation
Step 1: Complete your transfer
Contact the institution where your stocks are held and let them know you’d like to transfer the shares to the Boys and Girls Clubs of East County Foundation account at TDAmeritrade. Please contact Forrest Higgins at the BGCEC for account information. BGCECF’s Employer Identification Number (EIN)/Federal Tax Identification Number (TIN) is 23-7357173.

Step 2: Let us know about your gift of stock
Stock donations transferred to our account aren’t accompanied by donor information. We want to be sure we can acknowledge your charitable donation of stock and send you a tax receipt, so please be in touch. There are two easy options to report your stock gift details. You can either:

– Contact Forrest Higgins directly; Email: forrest@bgcec.org, Phone: 619-440-1600

– Download our Stock Gifts Notification Form and fax the completed form to Forrest Higgins at 619-440-2331, or
mail the completed form to:
Boys and Girls Clubs of East County Foundation
8820 Tamberly Way
Santee, CA 92071

Click here to download a full list of charitable giving options.

*Useful Information for Advisors*

BGCEC Foundation does not provide legal or tax advice. The information herein is intended for education purposes only and should not be considered legal, tax, financial or other professional advice. BGCEC Foundation recommends that you seek you own legal, tax, financial and other necessary advice in connection with gift planning matters. To ensure compliance with IRS requirements, BGCEC Foundation discloses to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.