Legacy gifts allow you to contribute to our vision beyond your lifetime. They are an opportunity to make a difference to future generations.
Bequest in your Will or Trust
CSL can be named as a beneficiary in your will or trust in several ways: as a percentage of your estate, a specific dollar amount, real estate, artwork, specific stocks or securities, etc.
There are many investment vehicles and insurance products that have designated beneficiaries. Most of these products are designed to pay out the accumulated value of the policy or account to the designated beneficiaries. CSL can be named as a beneficiary on all types of insurance products, such as term or whole life policies, tax deferred or immediate annuities, etc.
Retirement Plans (IRAs, 401Ks, 403Bs, etc.)
All retirement plans fall under the category of “qualified plans.” There are some important rules that must be followed pertaining to the distribution of money from these plans. In some cases, it may be advantageous to name a charity, such as CSL, as part or whole beneficiary, in that the charity is a tax-exempt nonprofit organization.