Create a Legacy
A legacy gift is a planned future gift that designates some part of your estate as a donation to Second Heart Homes. This type of gift allows you to create a powerful philanthropic legacy by making a direct impact on the causes most important to you. Most legacy gifts are made through wills and trusts. Other financial instruments, such as pooled income funds and annuities, may be used as well. Legacy gifts can even be made by listing Second Heart Homes as the beneficiary of your bank or pension account. Legacy giving can have some significant tax advantages, too.
Easy Ways to Make a Legacy Gift
Wills, Bequests and Living Trusts
If you wish to add Second Heart Homes to your will or living trust, you can do so by adding one sentence in your will to complete your gift:
Legal Name: Second Heart Homes, Inc.
“I give to Second Heart Homes, Inc., of Bradenton, Florida, Federal Tax ID#: 84-1848246, (all, or __ percent of) the rest, residue and remainder of my estate for its general purposes.”
This type of donation in your will or living trust helps to ensure that we are able to give homeless men and women with mental health issues the opportunity to secure a permanent home and attain their highest level of self-sufficiency.
Sample bequest language:
RESIDUARY BEQUEST: Residue is the term used to describe the portion of an estate that remains after all debts, expenses, and specific bequests to others have been fulfilled.
“I give to Second Heart Homes, Inc., of Bradenton, Florida, Federal Tax ID #: 84-1848246, [all, or ______percent of] the rest, residue and remainder of my estate for its general purposes.”
SPECIFIC BEQUEST: “I give to Second Heart Homes, Inc., of Bradenton, Florida, Federal Tax ID #: 84-1848246, the sum of $__________________ for its general purposes.”
DONATION OF REAL ESTATE BY WILL: “I leave the real estate described as follows: (property description) to Second Heart Homes, Inc., of Bradenton, Florida, Federal Tax ID #: 84-1848246, for its general purposes.”
The suggested language above is for illustration purposes only. Always consult a professional advisor or attorney when making or revising your will or living trust.
Naming Second Heart Homes as a beneficiary of your retirement account is a simple and powerful way to support the life-changing work of our organization without updating your will. All beneficiary gifts pass directly to Second Heart Homes without going through the probate process. These gifts go right to work to help give mentally ill homeless adults the lives they deserve.
- Contact your plan administrator or financial institution for a change of beneficiary form. Or visit the beneficiary page on their website where you can complete the form in just a few minutes.
- On the beneficiary form, decide what percentage (up to 100%) you would like us to receive. Please list us as:
Legal Name: Second Heart Homes, Inc.
Address: 5190 26th Street West, Unit A, Bradenton, FL 34207
Federal Tax ID #:84-1848246
Bank Accounts, Investment Accounts, CDs
You can leave a legacy by naming Second Heart Homes as a Payable-on-Death (POD) or Transfer-on-Death (TOD) beneficiary for any percentage up to 100%. Contact your financial institution for a change of beneficiary form.
The beneficiary you name has no rights to the funds until after your lifetime. You are free to use the money in the account, change the beneficiary, or close the account as you wish.
You can name Second Heart Homes as a beneficiary of your life insurance policy by submitting an updated beneficiary designation form with your policyholder. You can designate Second Heart Homes, Inc. of Bradenton, Florida as a primary beneficiary for any percentage up to 100%.
You can also make Second Heart Homes a contingent beneficiary, which means that we will receive the balance of your policy only if your primary beneficiary does not survive you.