PLANNED GIVING AT NVTRP
You can impact the clients and horses at NVTRP for years to come by making a planned gift—a gift made as part of your tax or estate planning. Planned giving helps you achieve your estate and tax planning goals, while also making a making a meaningful donation that leaves a legacy at NVTRP.
In an act of extraordinary generosity and vision, Jean and Ric Edelman donated $1 million to NVTRP at the end of 2021 to establish an endowment fund.
You may choose to designate your planned gift to the endowment fund, helping it to grow over time. Gifts to the endowment fund are invested in perpetuity and a portion of the investment income funds equine-assisted services and activities each year, helping to maintain NVTRP’s high quality of services to a growing number of clients.
You may also choose to leave your planned gift unrestricted, allowing it to be used to meet NVTRP’s highest priority needs as determined by the Board of Directors and executive staff.
If you’ve already provided for a planned gift, we would welcome knowing, so we can recognize you as a member of NVTRP’s Legacy Circle. To inform us of your plans, or for more information, please contact Development Director Wendy Baird at email@example.com or (585) 733-1914.
TYPES OF PLANNED GIFTS
There are many ways to make a planned gift and most are very simple. These include:
The most common type of planned gift is a donation—either a specific dollar amount or percentage—from your estate. Generally, it takes just a sentence or two in your will or trust to set up a bequest.
We suggest the following language (which you should confirm with your attorney and/or financial planner): “I give and bequeath _____ (dollar amount or percentage of estate) to Northern Virginia Therapeutic Riding Program located at 6429 Clifton Rd, Clifton, VA 20124, tax-id number 54-1897241, for the benefit of its general purposes and use.” To restrict the gift to the endowment fund, the final clause should read “for the benefit of its endowment fund.”
BENEFICIARY DESIGNATION ON YOUR RETIREMENT ACCOUNT
Make Northern Virginia Therapeutic Riding Program a beneficiary on your retirement plan account (such as your IRA or 401K). Most distributions from retirement plans are taxed, but a charitable donation from one is not.
BENEFICIARY DESIGNATION ON YOUR LIFE INSURNCE POLICY
Make Northern Virginia Therapeutic Riding Program a beneficiary of a policy that has outlasted its original intended purpose. Instead of letting your policy lapse or cashing out and having to pay taxes, make a tax-free charitable gift.
If you are age 70 ½ and over you can make distributions of up to $100,000 a year to Northern Virginia Therapeutic Riding Program directly from your IRA. These gifts count towards your required minimum distribution and are tax free.
NVTRP may be named as a beneficiary of either a charitable remainder trust or a charitable lead trust. A charitable remainder trust allows the donor to receive a specific dollar amount per month/year of the original principal, and NVTRP receives the remaining principal at the time of the donor’s death. With a charitable lead trust, NVTRP receives the income from the investment during the donor’s lifetime, and the amount of the original donation goes to the donor’s heirs at the time of death. Tax deductions vary depending on the donor’s life expectancy and the amount invested.
BENEFICIARY DESIGNATION ON YOUR DONOR ADVISED FUND(S)
Make Northern Virginia Therapeutic Riding Program a beneficiary of your donor advised fund. You can designate that we receive a percentage or the balance of the total remaining assets in the account.
TO LEARN MORE OR INFORM NVTRP OF YOUR PLANS
By making a planned gift you leave a powerful legacy at NVTRP, while possibly realizing significant tax savings for you and/or your heirs. You also retain the freedom to change your mind should your circumstances change. Please contact Development Director Wendy Baird at firstname.lastname@example.org or (585) 733-1914 with questions or for more information.
Please note that NVTRP staff are not financial planning or legal professionals; please consult your financial advisor or attorney to confirm any projected tax benefits or for legal advice.