Leave a legacy at Goods for Good by remembering us in your estate plans.
Planned Giving
Leave a legacy at Goods for Good by remembering us in your estate plans. There are several options below for your consideration. If you would like to speak with someone at Goods for Good about your specific goals and interests, please contact Elizabeth Workman, Executive Director, by email at elizabeth@goodsforgooddc.org.
Giving through your Will or Revocable Living Trust
A gift to Goods for Good in your will or revocable trust enables you to support our mission and make a difference in the lives of DC’s neediest residents. A bequest:
- Is easy to set up
- Will not alter your current lifestyle in any way
- Can be easily modified to address your changing needs
Specific Gift Language
Naming Goods for Good as a beneficiary of a specific amount from your estate is easy:
I give and devise to Goods for Good, Inc. (Tax ID #87-3847988), located in Washington, DC, the sum of $___________ (or asset) to be used for its general support (or for the support of a specific program).
Contingent Gift Language
Goods for Good can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to Goods for Good , Inc. (Tax ID #52-1138207), located in Washington, DC, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific program).
Residual Gift Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Goods for Good (Tax ID #52-1138207), located in Washington, DC, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Retirement Plan Beneficiary Language
You may name Goods for Good (Tax ID #52-1138207) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming Goods for Good as the beneficiary of an IRA or qualified retirement plan such as a 401(k), 403(b), Keogh or profit-sharing pension plan will accomplish a charitable goal while potentially realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Goods for Good as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to support Goods for Good free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Goods for Good . We can also assist you with the proper language for your beneficiary designation to Goods for Good.