Leaving a Legacy brochure

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Existing Stone Belt Endowments Stone Belt Excellence Endowment Gifts to the Stone Belt Excellence Endowment support ongoing initiatives that enable the agency to reach levels of excellence in supports, training, and outcomes for both clients and staff. Examples of programs funded through the Excellence Endowment include supporting innovative programs such as Stone Belt Art Studios, Hand-in-Hand, and the I Am You performances. Enhanced staff development programs, beyond basic requirements, help staff obtain cutting edge information and best practices for supporting quality outcomes for those we support.

Our Mission We believe in the uniqueness, worth, and right to self-determination of every individual. Therefore, it is our mission, in partnership with the community, to prepare, empower, and support people with developmental disabilities and their families to participate fully in the life of the community.

The Joan Burton Memorial Fund at the Community Foundation of Bloomington and Monroe County Joan Burton served as the first executive director of Stone Belt Arc from 1965-1985. Mrs. Burton’s impact on the agency and community was truly significant, and her advocacy work on behalf of individuals with developmental disabilities was inspirational. Gifts to the Joan Burton Fund are made directly to the Community Foundation of Bloomington and Monroe County, with the annual distribution of the fund directed to Stone Belt.

Leaving a Legacy Supporting Stone Belt in Your Estate Plan

Tax ID# 35-1059827 Official Name: Stone Belt Arc, Inc. For additional information contact Adam Hamel, Development Manager Development@stonebelt.org 812-332-2168 ext. 269

2815 E. 10th St. Bloomington, IN 47408 www.stonebelt.org


Sample Bequest Language

Options To Give

1. Bequest of a Specific Dollar Amount

Bequest

“I hereby give, devise, and bequeath [$Dollars] to Stone Belt Arc, Inc., a non-profit organization located at 2815 E. 10th St. Bloomington, Indiana 47408, Federal Tax ID: 35-1059827, for Stone Belt Arc, Inc.’s general use and purposes”

You designate our organization as the beneficiary of your asset by will, trust or beneficiary designation form.

Beneficiary Designation Gifts

You designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

2. Bequest of a Specific Personal Property “I hereby give, devise, and bequeath [Description of Property] to Stone Belt Arc, Inc., a non-profit organization located at 2815 E. 10th St. Bloomington, Indiana 47408, Federal Tax ID: 35-1059827, for Stone Belt Arc, Inc.’s general use and purposes”

IRA Rollover

Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.

3. Bequest of a Specific Real Estate “I hereby give, devise, and bequeath all of the rights, title, and interest in and to the real estate located at [Address or Description of Property] to Stone Belt Arc, Inc., a non-profit organization located at 2815 E. 10th St. Bloomington, Indiana 47408, Federal Tax ID: 35-1059827, for Stone Belt Arc, Inc.’s general use and purposes”

4. Bequest of Percentage of Estate “I hereby give, devise, and bequeath [Percentage of Your Estate] to Stone Belt Arc, Inc., a non-profit organization located at 2815 E. 10th St. Bloomington, Indiana 47408, Federal Tax ID: 35-1059827, for Stone Belt Arc, Inc.’s general use and purposes”

Donor Advised Funds

If you don’t have a plan, your state has one for you, and you may not like it. Working with an estate attorney to put a properly prepared plan in place - one that contains your instructions and will protect your family will give you and your family peace of mind. This is one of the most thoughtful and considerate things you can do for yourself and for those you love.

By establishing a donor advised fund, you can make time the gifts you make (for investment and tax reasons) and you can select Stone Belt to benefit from your gift. You receive the income or estate tax deduction, and the opportunity is there to make distribution decisions later.

Charitable Endowment

Endowments can be made through the Community Foundation of Bloomington Monroe County at cfbmc.org. An endowment is designed to keep the principal amount intact while using the investment income for charitable efforts.

Considerations for Your Family Member with a Disability - How it Works Meet with an attorney. Not only can an attorney draft the necessary documents for expressing how you want your property, finances, health care, and care of your family member handled following your death and/or incapacity, but your attorney can also help you set up financial strategies, such as trusts, to ensure that your family member with a disability can continue to maintain a quality life when you are gone. Make sure this attorney is familiar with Medicare, Medicaid, Social Security, and Supplemental Security Income (SSI) and the unique challenges that a disability brings to the estate planning process. Medicaid and the Supplemental Security Income (SSI) program impose special rules about how much money a person with disabilities can have to remain eligible for those programs. Providing a loved one with special needs a lump sum gift on your death could disqualify them for these vital programs. There are a variety of estate planning tools, including special needs trusts, that can be used to make money available for the support of your loved one without risking their eligibility for these vital programs. If you serve as guardian or conservator for your loved one, make sure you have considered who might succeed you if you are no longer able to serve in that capacity. An attorney can help you prepare an appointment of successor guardian that will ensure there is no gap in care should something unexpected happen to you. If you do not have a guardianship but think one might be necessary after your death, your preferences regarding who ought to be appointed as guardian can be recorded in a will.