Planned Giving

Innovative Charitable Options

When you take stock of your financial assets you may be surprised at how much you’ve accumulated.   Once you added your home equity, retirement, bank and investment accounts together, it may be a number that surprises you, pleasantly!   Making a gift to PurposeWorks at your passing will allow you to leave an eternal legacy and even reduce your taxes!

Our desire is for you to discover the joy of giving to those who need your help far into the future.

Life-Time Gifts from IRAs – This is a great way to make charitable contributions at age 70.5 or older:


If you are 70.5 or older, you MUST take IRA distributions (except for 2020), called Required Minimum Distribution (RMD), even if you don't want or need the money. These distributions are taxable at ordinary income rates. To avoid all or part of that tax you can make a contribution to Job Seekers Network. It is called a Qualified Charitable Distribution or QCD. It might seem counterintuitive that anyone would want to give their savings away after making contributions for years in anticipation of the day when they would retire, but there can be tax advantages for doing so. QCDs can be a good way to distribute the minimum required amount out of the IRA and thereby avoid the 50% excise tax penalty. As an added benefit, you'll avoid paying income tax on the distributions, as is required if you take the funds for your personal use. Do your research on this


Please contact for more details on this popular technique!

Learn More About Planned Giving Options!

Retirement Accounts, Life Insurance & Annuities

Do you know who you’ve named as your primary beneficiary on your IRA or 401k?


How about your contingent (secondary) beneficiary? You should double check!


Retirement accounts are tax-deferred; you don’t pay the taxes until you withdraw the money.

Annuities work in a similar fashion.

Life Insurance is income tax free.


All of these may also be subject to estate taxes if your estate is large enough at your death.

None of these assets flow through your Will or Living Trust, they go directly to your beneficiary.


Please consider naming us, as your primary or contingent (secondary) beneficiary on your retirement accounts, life insurance (even the group life insurance you get at work) and any annuities you may have.  By naming PurposeWorks, as your beneficiary, you control and spend it through your lifetime.  You can even name several beneficiaries by stating a percentage amount. Because these accounts each have separate beneficiary forms, you will need to use the form provided by that institution, many of which allow you to make these adjustments on-line, or through your HR Department.

When you pass away, we’ll receive the amount you’ve specified completely TAX FREE!


Here’s how:

Primary Beneficiary: PurposeWorks, (%)   or  Contingent Beneficiary: PurposeWorks, (%)


Gifts of Stock

You can also give us stock directly. Your financial advisor can help you this, and you can avoid paying unnecessary taxes too.

Wills and Living Trusts

Whether you use an attorney or a computer-generated service like Legal Zoom to prepare your Will or Living Trust, but naming PurposeWorks, your gift of any amount or percentage helps support our mission far into the future.


Charitable gifts must be made from your estate or living trust with specific language. Here is the suggested bequest language:


“I give and bequeath to PurposeWorks [$ ____ or ___ %).”

Bank and Investment Accounts

You can also transfer your bank, credit union and regular (Non-IRA) accounts to us.  You can do this by putting a POD (Payable on Death) or TOD (Transfer on Death) designation on those accounts to PurposeWorks. Ask your financial institution for the assistance with this.  They will be happy to help, and we’ll be happy for the help!

Gift of Real Estate

With a gift of real estate to PurposeWorks, you can further our mission and lower taxes too!


You can even donate your house to us now, live there the rest of your life and receive a large income tax deduction.


Before you begin the process of donating real estate, please contact us to make sure we will be able to accept your generous gift.


Learn More About Planned Giving Options!

Gift Annuities and Charitable Trusts

A Charitable Gift Annuity is a way to make a donation to PurposeWorks at your death, receive a lifetime of income and get an income tax deduction.


There are also special trusts called a Charitable Remainder Trust which works much like a Gift Annuity but is more suitable for larger gifts.


There are other creative options available.  Please if you have any questions.


Our Tax ID Number is 45-5045641

Thanks for any help you can give PurposeWorks!

This information is not intended to be used as legal or tax advice. Contact your own appropriate advisors to discuss the benefits and effects of any particular charitable & tax strategy.