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Planned Giving

Planned giving lets you give a gift that outlasts you.

The gifts described below allow you to give to 1,000 Dreams Fund while generating income for yourself and your family. You should consult with your attorney and financial advisor. Estate plans should be prepared by and with the advice of an attorney to ensure that your intentions are carried out. The Office of Gift Planning staff is available for additional information on the various methods of designating a bequest to 1,000 Dreams Fund.

1,000 Dreams Fund offers flexible ways to give, including:

  1. Inclusion or a Codicil to Your Will
  2. Inclusion or an Amendment to Your Revocable Trust
  3. A Retirement Plan Beneficiary Designation and IRA Charitable Rollovers
  4. Donor-Advised Funds
  5. Appreciated Securities
  6. Naming 1,000 Dreams Fund as the Beneficiary of Your Life Insurance Plan
  7. Charitable Gift Annuities
  8. Charitable Remainder Trusts
  9. Memorials and Tribute Gifts
  10. Endowed Gifts
  11. Real Estate

Most donors leave their gifts to 1,000 Dreams Fund without restriction. This allows the 1,000 Dreams Fund to use these funds to help us fulfill our mission and ensure we continue to – FundHER, MentorHER and HireHER. 1,000 Dreams Fund honors a donor’s stated intent for the use of a gift. Donors who wish to designate the use of any gift, whether made during their life or through their estate, will have that wish honored. Bequest provisions designated for a specific program require additional language. It is best to contact 1,000 Dreams Fund in advance for assistance to ensure that your wishes are properly understood.
Please see below various examples of different bequest language, which can be used for wills and trusts:

  • A general bequest, unrestricted as to purpose: This is a gift that can be used where need is greatest.
    • “I give (____ dollars) or (____ percent of my estate) to 1,000 Dreams Fund, a Washington, D.C. based charitable corporation, for the benefit of 1,000 Dreams Fund’s discretionary purposes.”
  • Residuary Bequest: This is a gift which leaves any remainder after all other bequests have been paid.
    • “I give, devise, and bequeath to 1,000 Dreams Fund, a Washington, D.C. based charitable corporation, (insert percentage amount) percent of the residue of my estate to be used for its general purposes.”
  • Contingency Gift: This is a gift that takes effect only if a primary intention can’t be met.
    • “In the event that (insert name) predeceases me, I give, devise, and bequeath his/her bequest or share to 1,000 Dreams Fund, a Washington, D.C. based charitable corporation, to be used for its general purposes.”

Designating 1,000 Dreams Fund as a beneficiary of your retirement plan can be a tax-efficient way to support our programs. Using your qualified retirement plan, 1,000 Dreams Fund receives all or a part of the plan assets in full, undiminished by estate and gift taxes. An IRA charitable rollover (also called the Qualified Charitable Distribution or QCD) is a great way to make a tax-free gift to 1,000 Dreams Fund and satisfy your required minimum distribution.

You can designate 1,000 Dreams Fund as a beneficiary of part or all the remainder of your IRA or retirement plan. Learn more about giving through your retirement plan here.

Make a donation to 1,000 Dreams Fund through your Donor-Advised Fund (DAF). DAF accounts allow donors to make charitable contributions, receive an immediate tax deduction and then recommend grants from the fund over time.  You can contribute to the fund as frequently as you like, and then recommend grants to 1,000 Dreams Fund whenever it makes sense for you.

Interested in making a DAF contribution today? You can do so directly on our website. Click here for more information.

Make a stocks, bonds, and/or mutual funds donation to 1,000 Dreams Fund. By gifting publicly-traded securities to 1,000 Dreams Fund you can save on capital gain tax and, if you itemize, on income tax too. With appreciated securities donations, you are giving 1,000 Dreams Fund more, in terms of value, without increasing the amount given, in terms of out-of-pocket cost. This can make an even bigger impact for 1,000 Dreams Fund!

Interested in making a stock donation today? You can do so directly on our website. Click here for more information.

Life Insurance policies can also be used to make a gift to 1,000 Dreams Fund. Complete and return to the insurance company a form designating that 1,000 Dreams Fund receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming 1,000 Dreams Fund as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift. Click here to learn more.

A charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities to 1,000 Dreams Fund. Gift annuities are easy to set up and the payments you receive are backed by the general resources of 1,000 Dreams Fund for as long as you live.

  • If you are interested in making a gift of a non-cash asset (i.e., real estate, artwork) to establish a gift annuity, 1,000 Dreams Fund can work with you to accomplish your philanthropic and financial goals through an external partner.
  • A charitable gift annuity could be right for you if:
    • You want to receive a fixed, steady income for life.
    • You want to maintain or increase your income now, and are at least 65 years of age.
    • You itemize and want a charitable deduction to reduce income tax.
    • You fund the gift with appreciated securities, no immediate capital gain tax is due.
    • You wish to delay payments until sometime in the future (i.e., upon retirement).
    • You want to know that you will be helping to support the programs and services of 1,000 Dreams Fund.

A deferred charitable gift annuity provides fixed payments for life in exchange for your gift of cash or securities. The payments start on a date you choose that is at least one year after you make the gift. Deferred and Flexible gift annuities are easy to set up, and the payments you receive are backed by the general resources of 1,000 Dreams Fund for as long as you live.

  • A flexible payment gift annuity allows you to choose a range of dates from which to decide to start payments when those dates arrive.
  • The date (for deferred gift annuities) and date range (for flexible gift annuities) is typically set to meet the beneficiary’s need for additional funds during retirement or another event.
  • A deferred or flexible charitable gift annuity could be right for you if:
    • You want to receive in the future a fixed, steady income for life.
    • You itemize and want a charitable deduction to reduce income tax now.
    • You fund the gift with appreciated securities, no immediate capital gain tax is due if you are a beneficiary.
    • You wish to delay payments until sometime in the future (i.e., upon retirement)
    • You want to plan to provide additional income to someone you want to benefit.
    • You want to know that you will be helping to support the programs and services of 1,000 Dreams Fund.
    • Age must be at least 65 on the date of first payment.

A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to 1,000 Dreams Fund.

This charitable giving strategy generates income and can enable you to pursue your philanthropic goals while also helping provide for living expenses. Charitable trusts can offer flexibility and some control over your intended charitable beneficiaries as well as lifetime income, thereby helping with retirement, estate planning and tax management.

For more information review the IRS guidelines and consult with your financial advisor to plan and set up your Charitable Remainder Trust benefiting 1,000 Dreams Fund.

Memorial donations are gifts to 1,000 Dreams Fund in memory of someone who has passed away. Some families request a memorial donation in lieu of flowers or other tribute gifts. Create a fund in your honoree’s memory, or contribute to an existing fund or program. This is a wonderful way to honor a loved one’s memory while keeping their legacy alive.

Tribute gifts are donations to 1,000 Dreams Fund in honor of an individual, group, occasion such as a birthday. This is a wonderful way to commemorate a milestone or loved one while supporting our mission. Your tribute gift will extend the legacy of the honoree or event, and will make a difference in the lives of the talented young women in need we serve.

To make your tribute gift or memorial donation now, donate via our online giving portal. You will have the opportunity to enter the details of your tribute gift or memorial donation at the end of the payment process.

To make payment via check, note the tribute/memoriam in the memo and complete the check donation form.

Memorial donations are gifts to 1,000 Dreams Fund in memory of someone who has passed away. Some families request a memorial donation in lieu of flowers or other tribute gifts. Create a fund in your honoree’s memory, or contribute to an existing fund or program. This is a wonderful way to honor a loved one’s memory while keeping their legacy alive.

Tribute gifts are donations to 1,000 Dreams Fund in honor of an individual, group, occasion such as a birthday. This is a wonderful way to commemorate a milestone or loved one while supporting our mission. Your tribute gift will extend the legacy of the honoree or event, and will make a difference in the lives of the talented young women in need we serve.

To make your tribute gift or memorial donation now, donate via our online giving portal. You will have the opportunity to enter the details of your tribute gift or memorial donation at the end of the payment process.

To make payment via check, note the tribute/memoriam in the memo and complete the check donation form.

Create an endowment in honor of your loved one, family posterity or pure passion for 1,000 Dreams Fund’s mission. Through your gift, you are leaving a legacy that provides access to critical funding, resources and meaningful mentor relationships for future generations of talented young women in need. Only the income from endowment gifts will be allocated annually where the organizational need is the greatest, leaving the principal intact. An endowment is a tool that allows nonprofits to extend the impact of a large sum of money.

Your endowment can be a powerful tool to support financial stability and longevity for 1,000 Dreams Fund. Having an independent source of revenue will allow our organization to focus less on meeting ongoing needs, relieve pressure on the annual fund and free up capacity to plan for the future.

For more information, and to discuss the creation of an endowment for 1,000 Dreams Fund, please contact our Office of Gift Planning at development@1000dreamsfund.org.

There are many options for donating your home, second home, commercial building, raw land, farm, or other real estate to 1,000 Dreams Fund. There may be a gift plan available that will help you achieve your charitable and financial goals.

A gift of real estate could be right for you if:
You own real estate for which you no longer want to be responsible.

  • You are willing to donate your home if you can continue to live in it.
  • You own real estate that you are willing to sell to us for a bargain price.
  • You own real estate that you are willing to donate if you get income in return.
  • You want to save income taxes.
  • You want to make a generous gift to the Red Cross.

How It Works: Here are some common techniques for making a gift of real estate to the Red Cross.

  • Give your real estate now.
  • Give your home now, but continue to live in it as long as you wish.
  • Give your real estate now and receive payments for life.
  • Give your real estate through your estate.
  • Give a portion of your real estate and keep the rest.
  • Sell your real estate to us for less than its appraised value.

The Office of Gift Planning welcomes the opportunity to work with you and your clients on tax-efficient ways to support 1,000 Dreams Fund. Please contact us directly for information or confidential assistance.

All charitable gifts should be directed to 1,000 Dreams Fund.

1,000 Dreams Fund is a 501(c)(3) organization of the Internal Revenue Code. Our EIN # is: 81-2276245.

Your contribution is tax deductible to the extent allowed by law. No goods or services are provided in exchange for your generous donation.

 

PLEASE NOTE THIS IS NOT PROFESSIONAL LEGAL OR TAX ADVICE. YOU SHOULD CONSULT YOUR LEGAL AND TAX ADVISORS REGARDING YOUR SPECIFIC SITUATION.