Hope House Northern Colorado empowers parenting teen moms on their path toward self-sufficiency. Our programs benefit teen moms and their children –breaking the cycle of poverty for two generations.
The struggles faced by teen moms will likely always exist. But you can help ensure that young, at-risk teen moms will continue to have a place to turn for help and hope. As a Legacy Builder, your financial resources will be used wisely for years to come.
BEQUESTS – The simplest way to leave a planned gift to benefit Hope House is to make a bequest by including specific language in your will or living trust naming Hope House Northern Colorado as the recipient. We would be happy to provide sample language to include in your will or trust. The most straightforward bequests include:
Benefits of Bequests
LIFE INSURANCE – A gift of your life insurance policy is an excellent way to make a gift to charity. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children that are now financially independent adults. You may also transfer ownership of a paid-up policy, donate insurance policy dividends, give a percentage of the policy, or choose to name Hope House Colorado as a designated owner and beneficiary.
Benefits of Life Insurance Gifts
RETIREMENT PLANS – Naming Hope House Northern Colorado as a beneficiary of your retirement funds, such as an IRA, 401k or 403b, is a simple and effective way to empower teen moms well into the future while avoiding tax penalties.
The IRA Qualified Charitable Distribution became a permanent part of the tax code in December 2015. This provision allows people age 70 ½ or older to direct up to $100,000 of their required minimum distribution (RMD) from an IRA to a qualified charity, while realizing significant tax savings because the distribution is not counted as taxable income. IRA Qualified Charitable Distributions can be gifted directly to Hope House Northern Colorado.
Benefits of Retirement Plan Gifts
STOCK – A contribution of stock is straightforward. The donor transfers ownership of the shares to the charity and is allowed an income tax charitable deduction for the fair market value of the stock on the date the transfer is completed.
In order to maximize the tax advantages, it is critically important that the stock be transferred directly to Hope House Northern Colorado. Please be aware that if a donor sells the shares and then gives the proceeds to charity, the donor will be liable to capital gains tax on the sale.
Benefits of Stock Gifts
For more information, contact Info@HopeHouseColorado.org.