Extend Your Legacy Through Planned Giving

YOUR PLANNED GIFT WITH GOODWILL CREATES BETTER FUTURES FOR ALL

Planned giving includes any large gifts that are made in a donor’s lifetime or at death to contribute to their financial or estate planning. As a donor, you can transfer assets during or after your lifetime in a number of ways—the most common being in a will or living trust. You can also name a designated beneficiary to determine who receives your planned gift, which gives you an easy and effective opportunity to leave a lasting legacy.*

By making a planned gift with Goodwill of Central and Northern Arizona, you can help end poverty through the power of work. Your generous gift goes directly toward our mission of empowering individuals, strengthening families, and building stronger communities.

*Please consult your financial advisor for help in meeting your financial needs.

HOW TO MAKE YOUR PLANNED GIFT

Goodwill of Central and Northern Arizona is 501(c)(3) non-profit organization (Federal Tax ID number 86-0104415), which means you can make a tax-deductible planned gift in the following ways:=

• Name Goodwill of Central and Northern Arizona in your will
• Give Goodwill of Central and Northern Arizona an insurance gift
• Declare Goodwill of Central and Northern Arizona as a beneficiary of your IRA or retirement plan
• Open a Donor-Advised Fund

You can also send a gift directly to Goodwill of Central and Northern Arizona by calling 602-535-4139 or mailing a check to 2626 W. Beryl Ave., Phoenix, AZ 85021.

If you have questions about planned giving or how to make your gift, please email our philanthropy team.

NAMING GOODWILL IN YOUR WILL

If you would like to make an estate gift to Goodwill of Central and Northern Arizona, ask your attorney to draft your giving statement in your bequest. View the sample language below.

Making a Specific Bequest

I hereby give, devise and bequeath to Goodwill of Central and Northern Arizona of Phoenix, Arizona (Federal Tax ID number 86-0104415), the sum of $_______ (or give a description of the specific asset), for the benefit of Goodwill of Central and Northern Arizona and its general purposes.

Making a Residuary Bequest

I hereby give, devise and bequeath to Goodwill of Central and Northern Arizona of Phoenix, Arizona (Federal Tax ID number 86-0104415), the remainder of my estate after all specific bequests are paid, for the benefit of Goodwill of Central and Northern Arizona and its general purposes.

Making a Contingency Bequest

I hereby give, devise and bequeath to Goodwill of Central and Northern Arizona of Phoenix, Arizona (Federal Tax ID number 86-0104415), the sum of $_______ (or give a description of the specific asset), for the benefit of Goodwill of Central and Northern Arizona and its general purposes, provided that _____________ (give description of contingency, such as “the total amount of my estate exceeds $1,000,000”).

GIVING TO GOODWILL THROUGH AN INSURANCE GIFT

You also have the option to name Goodwill as the beneficiary for a percentage of your life insurance policy. This allows you to provide a larger gift at a low cost as the policy proceeds distributed to us will be exempt from estate tax.

You can gift a fraction or total amount of the proceeds of your insurance policy. Whatever percentage you choose to give will go directly toward our mission. Should you have a change of plans, you can revoke your gift at any time.

If you would like to make an insurance gift to Goodwill today, please discuss your needs with your financial advisor first, then email our philanthropy team.

DECLARING GOODWILL AS A BENEFICIARY OF YOUR IRA OR RETIREMENT PLAN

If you want to continue your giving legacy after your lifetime, consider making a planned gift through your IRA or retirement plan. By naming us as a beneficiary, your retirement plan will not be subject to income or estate taxes. This means that the full value of what you distribute will go toward our mission. Contact your IRA or retirement plan administrator to complete a designated beneficiary form by naming Goodwill of Central and Northern Arizona as the beneficiary.

You may also take advantage of tax savings by making your gift with a Qualified Charitable Distribution (QCD) from your IRA. The QCD or an IRA charitable rollover, gives you the ability to donate up to $100,000 per year (up to $200,000 if you’re married) directly from your IRA to charity without paying taxes. Learn more here about how to make your gift with a QCD.

OPENING A DONOR-ADVISED FUND

A donor-advised fund (DAF) is one of the most common planned giving vehicles sustained by a public charity. Any gift you want to contribute is held by a DAF sponsor, which means you can make a donation before choosing a charity to receive your gift. You can transfer assets to your charity of choice, and in return, you may qualify for a tax deductible donation. If you want to open a DAF and give to Goodwill, read more here.

QUESTIONS

If you have any questions about the information listed on this page, please call us at 602-535-4139 or email communitydevelopment@goodwillaz.org and we will be happy to assist you.