Gifts That Cost You Nothing Now

Gifts in a Will and Gifts by Beneficiary Designation are two easy ways to make gifts that will have an impact for those in need for generations to come — and they don’t cost anything now. See some Sample Language that you can use to make a gift to Bethesda through a Will or Trust.

A gift in your will is one of the easiest ways to create your legacy of serving men and women through Bethesda's compassionate care, resources and communities.

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NO COST

Costs you nothing now to give in this way and can reduce your estate taxes later on.

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FLEXIBLE

You can alter your gift or change your mind at any time and for any reason.

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LASTING IMPACT

Your gift will create your legacy of empowering people with intellectual and developmental disabilities to live their lives to the fullest.

4 simple, “no-cost-now” ways to give in your will

General gift

Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000. It’s considered to be ‘general’ because it doesn’t specify from where the money comes.

Residual gift
Leaves what is left over after all other debts, taxes, and other expenses have been paid.
Specific gift
Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).
Contingent gift
Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in educating, advocating for and empowering people with intellectual and developmental disabilities — and it costs nothing now.

By naming Bethesda as a beneficiary of these assets, you power our shared mission to help people with intellectual and developmental disabilities realize a greater sense of independence. Your gift impacts the young and the old through Bethesda and becomes your personal legacy to the world.

Potential benefits of gifts by beneficiary designation:
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Reduce or eliminate taxes on retirement assets

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Reduce or avoid probate fees

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No cost to you now to give

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Create your legacy with Bethesda

To name Bethesda as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

How to Change a Beneficiary Designation

Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).

Follow the links to change your beneficiary or fill out the form.

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Be sure to spell the name of our organization properly: Bethesda Lutheran Communities Inc.

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Include our tax identification number: 39-0806446

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Save or submit your information online or return your Change of Beneficiary Form.

Types of Gifts

A Gift of Retirement Funds (beneficiary of your retirement plan)

You can simply name Bethesda as a beneficiary of your retirement plan to make a difference every day in the lives of those we support.

A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)

This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – helping men and women live their lives to the fullest. The next time you visit your bank, you can name Bethesda Lutheran Communities Inc. (Tax ID: 39-0806446) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward supporting people with intellectual and developmental disabilities for generations to come.

Donor-Advised Fund (DAF) residuals

What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Bethesda Lutheran Communities Inc. as a “successor” of your account or a portion of your account value, you help the people we support realize a greater sense of independence.

Savings Bonds

If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since Bethesda is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward supporting and empowering people with disabilities to live lives filled with choice, dignity, limitless potential and faith.

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Lorene King

Lorene King

Vice President of Philanthropy