Arc GLOW Promises: Building Tomorrow, Today
With gift planning, your charitable gift can provide long-lasting support for Arc GLOW while providing you and your family with financial benefits.
Plan your legacy with a charitable gift
Gifts of Stocks and Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Arc GLOW.
Benefits of gifts of stocks and bonds:
- Avoid paying capital gains tax on the sale of appreciated stock.
- Receive a charitable income tax deduction.
- Further our mission today.
How to make a gift of stocks and bonds
- By electronic transfer; please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to Arc GLOW.
- By certified mail. If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
More on gifts of stocks and bonds
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
Donor Advised Fund
You can make gifts during your lifetime. When you pass away, your children can carry on your legacy of giving.
Gifts of Retirement Assets
Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift to Arc GLOW.
IRA Charitable Rollover
If you are 70.5 or older, an IRA charitable rollover can be a way to lower the income and taxes from your IRA withdrawals.
Benefits include:
- Avoid taxes on transfers of up to $111,000 from your IRA to Arc GLOW.
- Satisfy your required minimum distribution (RMD) for th eyear.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
How it works:
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Plane note IRA charitable rollover gifts do not qualify for a charitable deduction.
- Let us know if you wish for your gift to be used for a specific purpose.
Beneficiary Designation Gift
You designate us as a beneficiary of your retirement, investment or bank account, or life insurance policy.
Bequest
A bequest allows you to continue to use the property you will leave to us during your life and make a lasting impact on our work after you are gone.
Benefits of a bequest
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to our organization
How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or The Arc GLOW as part of your estate plan, or you can make a bequest using a beneficiary designation form.
Here are some of the ways to leave a bequest to Arc GLOW
- Include a bequest to Arc GLOW in your will or revocable trust
- Designate Arc GLOW as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Arc GLOW as a beneficiary of your life insurance policy
A bequest may be made in several ways
Specific Bequest – A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Arc GLOW.
Percentage Bequest – Another kind of bequest involves leaving a specific percentage of your overall estate to our organization. For example, you may wish to leave 10% of your estate to Arc GLOW.
Residual Bequest – A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to our organization. For example, you may wish to leave 30% of the residue of your estate to Arc GLOW.
Specific Bequest Language
If you are considering making an outright bequest to The Arc GLOW, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Arc GLOW, a nonprofit organization located at 18 Main St., Mount Morris, NY 14510, Federal Tax ID #16-1022565, for Arc GLOW’s general use and purpose.
Percentage Bequest Language
If you are considering making a bequest of a percentage of your estate to Arc GLOW, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Arc GLOW, a nonprofit organization located at 18 Main St., Mount Morris, NY 14510, Federal Tax ID #16-1022565, for Arc GLOW’s general use and purpose.
Residual Bequest Language
I hereby give, devise and bequeath to Arc GLOW, a nonprofit organization located at 18 Main St., Mount Morris, NY 14510, Federal Tax ID #16-1022565, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Arc GLOW’s general use and purpose.
Contingent Bequest Language
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Arc GLOW, a nonprofit organization located at 18 Main St., Mount Morris, NY 14510, Federal Tax ID #16-1022565, DESCRIPTION OF PROPERTY to be used for Arc GLOW’s general use and purpose.
Restricted Bequest Language
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give The Arc GLOW flexibility should it no longer be possible for The Arc GLOW to use your gift as you originally intended:
If, in the judgment of the Board of Directors of The Arc GLOW, it shall become impossible for The Arc GLOW to use this bequest to accomplish the specific purposes of this bequest, The Arc GLOW may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Gifts of Cash
A gift of cash is a simple and easy way for you to make a gift.
Benefits of a cash gift:
- You can make an immediate impact on our mission.
- You can take a charitable income tax deduction.
Did You Know?
You can mail a check on Dec. 31 and even if the check is not received and cashed by Arc GLOW until the new year, the IRS will allow you to take a deduction in the year the check was mailed?
Keep this in mind for year-end tax planning!.
Gifts of Life Insurance
A gift of your life insurance policy is an excellent way to make a gift to our organization. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy.
For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of life insurance
- You receive a charitable income tax deduction.
- If Arc GLOW retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premium.
- If Arc GLOW cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work.
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include The Arc GLOW as the beneficiary of your policy.
Other considerations
You can also designate The Arc GLOW as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.
Find more giving ideas on The Arc’s national website. This information is provided as a service. Please consult with your attorney, tax consultant or financial adviser before making a gift.
Donor Stories
Cheryl Englert - Why I Support Arc GLOw's Future
A gift to Arc GLOW through your will, trust, retirement or life insurance plan can give vital support to vulnerable people for generations to come. For families who worry about their child with intellectual and developmental disabilities (IDD), a planned gift can go a long way to ensure the happiness and quality of life of your family member.
Just ask Cheryl Englert, who sits on the Arc GLOW’s Board of Directors.
Cheryl has been a dedicated advocate for individuals with IDD for over four decades. Her journey began when her son, Matt, required preschool services. During that time, she worked as a special education teacher with BOCES for 38 years. She has served on the local board as president and other officer positions. She has also served on local and state committees, including the state level Joint Advocacy Committee, and Scholarship and Awards Committee, furthering her commitment to the community she serves.
“I have invested my time and energy in this organization to thank people who helped my son from age 3 on, and are still helping him,” Cheryl said.
Matt has lived in a group home, also known as a Supervised Individualized Residential Alterative (IRA), in Dansville with three other individuals for over 20 years.
Matt also attends Arc GLOW day habilitation programs, where he is very successful.
“I expect to keep serving the Arc in any way I can,” she said. “I’ve been able to give time, energy and my voice to Arc when I didn’t have the money because I was raising a family. So, I appreciate all (Arc GLOW) has done for me, and I want to continue to help as long as possible.”
Cheryl has given so much to Arc GLOW, but like any parent, worries about her child after she is gone. So, she partnered with an insurance company years ago where Cheryl and her husband, Fred, took out an additional life insurance plan, naming the beneficiary as Arc GLOW.
“I want to ensure (Arc GLOW) is financially stable, and can offer new programs,” Cheryl said, adding she wants the organization to take a hard look at the needs of the community, so it can grow and change as needed to meet the needs of people like her son, Matt.
As you start looking at what seeds to plant to ensure your loved one is taken care of even after you’re gone, Cheryl has one piece of key advice; “You need to explore all your options. You need to look at all your resources.”
I invite you to join me by building tomorrow – today.
Ken Reimels - Seeds of the Future
When Ken Reimels’ daughter, Tammy, turned 19, she joined the Arc GLOW family. Tammy had been a student at Wayland-Cohocton Central School District and previously attended a preschool for children with disabilities in Hornell.
Ken recalls a time when Tammy’s life felt stagnant – she would go to school, come home, and retreat to her room. Her favorite show was Fraggle Rock . After each episode, she would write the program’s script word for word in black-and-white composition notebooks.
“We didn’t realize it for quite a long time until we started looking at these composition books. They were the programs,” said Ken. “She has actually been diagnosed as a genius with the inability to regurgitate the information. She knows all her conditions. She knows what most of the medications are for. She can read a medical book and digest it, but if you ask her a question, she can’t bring it back to you. Most requests of her take up to 15 minutes to process.”
When Tammy turned 18, even though she could legally continue in school until age 21, the Reimels family decided to explore other avenues to help her grow – and that’s when they found Arc GLOW.
Tammy moved into Arc GLOW’s Sanford IRA, where she met now-Vice President of Day & Employment Services, Kellie Kennedy.
“They really hit it off,” Ken said.
In 2023, following the passing of his wife, Ken began thinking more deeply about Tammy’s future. With laws surrounding inheritance for individuals with disabilities frequently changing, he worried about who would care for Tammy when he was no longer able to.
“Right now, the only way to escape the state jumping in and saying, ‘We’re going to use that money to support your children,’ is to set up a special needs trust,” Ken explained.
That’s exactly what the Reimels family did. Once Tammy passes away, the remaining funds from her special needs trust will go to Arc GLOW .
“If you had a good experience with Arc GLOW, it’s like any other nonprofit you’ve had experience with. If you are pleased with their results, it’s something you should consider in your estate plan.”
Join Ken and others in making a planned gift that helps ensure the long-term sustainability of Arc GLOW’s mission – empowering individuals with intellectual and developmental disabilities to live their best lives.
For more information about special needs trusts or planned giving, please contact PR@ArcGLOW.org or your financial advisor.
Donate Now
To make a contribution to Arc GLOW, contact us directly at (585) 343-1123 ext. 1742 or LBors@ArcGLOW.org.