You can find a charitable plan that lets you provide for your loved ones and create a legacy of defending the potential of Rhode Island's young people. Including a provision for Big Brothers Big Sisters of Rhode Island in your estate plan is the ultimate way to continue investing in your values.
Below are a few easy options to structure a charitable estate gift:
Give through your trust
Name Big Brothers Big Sisters of Rhode Island as a beneficiary in your will. Your bequest can be for a specific dollar amount or a percentage of your estate.
Give through life insurance
Naming Big Brothers Big Sisters of Rhode Island as a beneficiary on your life insurance policy is as simple as filling out a form with your plan administrator. And it is easy to change.
Give retirement assets
Designating Big Brothers Big Sisters of Rhode Island as a beneficiary on your IRA, 401k, or other retirement plan is another simple way to leave a lasting impact. Suppose you are writing an estate plan that includes both BBBSRI and your loved ones. In that case, it may be beneficial to name your loved ones on your life insurance policy (a tax-free benefit) and name BBBSRI on your retirement policy, which would be taxable for your loved ones but not for BBBSRI.
Important Note:
The best way to have a BIG impact on the Littles (mentees) of the future is to have a conversation with Big Brothers Big Sisters of Rhode Island development staff before you start creating your plan.
Bring in the professionals.
With any gift planning option, consult with your financial and tax professionals for advice specific to your situation. Big Brothers Big Sisters Rhode Island does not provide legal, tax, or accounting advice. The content of material set forth above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You may not rely upon the content contained herein for any decisions that you make with respect to any current or future donation or contribution to this agency. Instead, you should consult your own tax, legal, and accounting advisors or financial planners before making any contribution to our agency or planned contribution.