The Laradon Foundation created the Calabrese Legacy Society to honor and thank those who remember Laradon with a gift in their estate plans. There are many ways to do this. Some have named Laradon as a beneficiary in their wills or living trusts, while others have named it a beneficiary of a life insurance policy, IRA, or charitable trust. A variety of options exist.
Many people like to preserve full control over their assets during life, protecting against future uncertainties. Others may choose to maximize any tax and financial benefits that can result from their philanthropy. It’s all a matter of choice. Of course, almost everyone will prioritize family and loved ones first, only providing for Laradon after those needs are met. There is tremendous flexibility in this planning.
Every estate gift, large or small, helps strengthen Laradon in permanent ways. We would love to help you discover how easy an estate gift can be.
To learn more, please explore the menu below. And if you have any questions, please feel free to contact the Laradon Foundation at foundation@laradon.org or 720-974-6843. All inquiries are held in strict confidence. There is never an expectation or obligation to complete any gift.
Ways to give
A Variety of Options Exist Estate gifts can help build and strengthen a permanent endowment for Laradon, or they can be utilized for more immediate needs as they arise.
Endowment gifts will be invested in perpetuity, with earnings made available periodically to support the IDD community.
An endowment gift can be designated as general/unrestricted or to provide support to a specified area.
Gifts available for immediate use can also be unrestricted or designated for a program area. You have options in your decision.
Estate gifts received without specific instruction provide maximum flexibility, allowing Laradon to put these funds to their highest and best use.
Any Estate Gift Entitles You to Become a Member of The Calabrese Legacy Society.
These Are the Three Most Common Types of Gifts:
Charitable Bequest - By naming Laradon in your Will or Living Trust, you create a gift today that we will receive in the future, when your estate is settled.
Retirement Plan - You can name Laradon as a beneficiary of your IRA or company retirement plan. To include Laradon, simply request a “beneficiary change” form from your IRA custodian or Human Resources department, complete the form, and then return it according to the instructions provided. Beneficiary change forms may be available online.
Life Insurance - You can name Laradon as the beneficiary of a new or existing life insurance policy. To include Laradon, simply request a “beneficiary change” form from your life insurance company, complete the form, and return it according to the instructions provided. Again, most companies make beneficiary change forms available online.
Other Types of Gifts May Include:
Charitable Gift Annuity - A gift annuity is a simple contract in which Laradon Foundation agrees to pay you (and/or another person) an annuity for life, in exchange for a gift you make today.
Charitable Remainder Trust - In the right situations, a charitable remainder trust can provide powerful financial, tax, and estate planning benefits. You donate assets into trust for the eventual benefit of Laradon. In the interim, the trust pays income to you and/or your designated income beneficiaries.
Charitable Lead Trust - A charitable lead trust can provide support for Laradon, before returning the assets to you or transferring them to your future heirs with little or no gift or estate tax.
Retained Life Estate - You can donate a residence to Laradon and still retain the right to live there for the rest of your life.
For more information about any of these options, please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843. All inquiries are held in confidence. There is never an obligation to complete any gift.
Maximum flexibility
Revocable Gifts The future is uncertain. However, you can still create a planned gift today while simultaneously retaining control over these assets for the balance of your life. Such gifts are called revocable gifts. You can change your mind. You have total control.
Unless you are confident that you will not outlive your assets, a revocable estate gift is almost always the best option. These gifts are generally one of the following:
Bequest in a Will or Living Trust
Beneficiary Designation in IRA or Retirement Plan
Beneficiary Designation in Life Insurance Policy
Pay-on-Death arrangement for a bank account
By naming Laradon in your will, living trust or as a beneficiary, you can protect yourself against an uncertain future. Should you ever need these assets, they are available. If not, your gift will come to Laradon exactly as you desire.
For more information, please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843. Again, there are never any expectations or obligations to complete any gift.
maximum tax benefits
Revocable vs. Irrevocable Gifts
The IRS provides important tax incentives to encourage support for charitable organizations. To qualify for any given tax benefit, a gift typically must be irrevocable. Stated another way, a gift must be complete and not one a donor could ‘reclaim’ in any way.
Clearly, an irrevocable gift only should be made after proper reflection and consultation with your legal and financial advisors. However, with proper planning, such gifts can provide important income and tax benefits for you and your heirs.
Examples of these gifts include Charitable Remainder Trusts, Charitable Lead Trusts and Charitable Gift Annuities.
Laradon may be able to help you explore the benefits resulting from an irrevocable planned gift. For more information, please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843. Again, there are never any expectations or obligations to complete any gift.
information for advisors
It is always advised and appropriate to consult with your professional advisors when considering an estate gift. The following information can help your advisor facilitate any gift you might wish to make: Purpose: Laradon’s Mission is to be an organization of excellence that provides superior, individualized services to children and adults with intellectual, developmental and other disabilities, supporting their independence in daily life and maximizing their full potential.
Federal Tax Identification Number: 74-2150623
Address: 5100 Lincoln St. Denver, CO 80216 Phone: 303-296-2400 Web: www.laradon.org
Brokerage Information Laradon gratefully accepts gifts of publicly traded securities. Donating securities in appreciated positions may help maximize an individual’s tax benefit, as the associated charitable income tax deduction is typically based on the full fair market value of the security. No capital gains tax would be payable by the donor or Laradon. For more information about gifts of securities or to request brokerage information for Laradon, please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843.
Recommended Language for Bequests and Testamentary Gifts: Sample language for a specific bequest to Laradon Foundation through a will or living trust: “I give to Laradon Foundation, 5100 Lincoln Street, Denver, CO 80216, a Colorado non-profit corporation, the sum of $_______ [or ______% of my estate; or the property described herein], for its general purposes.”
Sample language for a residuary bequest to Laradon Foundation is: “I give to Laradon Foundation, 5100 Lincoln Street, Denver, CO 80216, a Colorado non-profit corporation, all [or ____%] of the rest, residue, and remainder of my estate, both real and personal, for its general purposes.”
Beneficiary Designation A person wishing to support Laradon Foundation through a retirement plan, IRA, or life insurance policy, should request a Beneficiary Change Form from his/her company or plan administrator. Beneficiary Change forms are typically available online. Please indicate the desired gift amount or percentage and return/submit the completed form as instructed by their company or plan administrator.
Other Arrangements Laradon Foundation may also accept estate gifts through other arrangements, including Charitable Remainder and Charitable Lead Trusts. Laradon Foundation prefers not to serve as Trustee for these gifts.
Purpose of Gift Donors who make estate or outright gifts may designate their gift for a specific purpose. Such gifts can be designated to meet current needs or to support an endowed fund for the specified purpose. Options can include:
General Endowment – to be invested as approved by the board of directors
Designated Endowment – invested as approved by the board and used for designated purpose
Current Program – used for designated purpose as needed
Unrestricted – Funds will be put to their highest and best use
In addition, a donor who wishes to contribute $___________ or more may establish a Named Endowment Fund and may specify the program or activity that will utilize these funds (may be subject to board approval). Typically, these funds are named in honor of the donor, his or her family, or another individual. Please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843 for more information about these options.
Thank you!
Laradon created the Calabrese Society to honor and recognize those who remember us with an estate gift. This provides us with an opportunity to say “thank you” during a person’s life.
Since some donors prefer to remain anonymous regarding an estate gift, Laradon honors and respects those wishes. We would appreciate the opportunity to express our gratitude and appreciation for an estate gift whenever possible.
In some cases, a client may allow an advisor to share his/her name with the Calabrese Society; in others, an advisor can play a helpful role in forwarding a ‘Thank You’ letter to a client, while still preserving client anonymity. Laradon places great importance on thanking people for their confidence and generosity, while respecting their wishes in every instance.
If you have any questions at all, please contact The Laradon Foundation at foundation@laradon.org or 720-974-6843. There will never be an expectation or obligation to complete any gift.
