Begin your legacy with One Warm Coat
Do you want to leave an impact on One Warm Coat that will be felt by generations to come? Join us today in sharing warmth and making the basic right to protection from the cold your lasting legacy. A Legacy Gift allows you the freedom to plan now and give later, making your long-term philanthropic goals more accessible. There are several ways to give a Legacy Gift, and our team is excited to help find the best option for you.
A gift in your will
To help you get started on your plans and legacy, One Warm Coat has partnered with FreeWill, an online tool that guides you through the process of creating a legally valid will or trust. It’s easy to use, accessible online and can be completed in 20 minutes. You can use this resource on its own or use it to document your wishes before finalizing your plans with an attorney.
Have you already included a gift to One Warm Coat in your will or trust? Please fill out this form to let us know! We would love to thank you for your generosity.
Do you have an IRA, 401(k), life-insurance policy, or any other assets not included in your will? If so, these are called non-probate assets and you must plan your beneficiaries for them separately. Use this online tool to make your plans and designate One Warm Coat as a beneficiary of one or more of these assets.
A gift from your trust
Creating a trust allows you to transfer the ownership of your assets directly to One Warm Coat. There are two different kinds of trusts. A revocable trust allows you to make an immediate contribution during your lifetime and allows you to change your mind at any point if circumstances change. An irrevocable trust allows you to transfer ownership of your assets permanently.
Sample trust language
“I give, devise, and bequeath the sum of $[ ] to One Warm Coat, a nonprofit corporation located at 2443 Fillmore St, #380-5363, San Francisco, CA 94115, and Federal Tax ID #74-3045243, for its unrestricted use and purpose.”
Donating non-cash assets like real estate or personal property can provide significant tax benefits while advancing our mission.
Qualified charitable distributions
If you’re 72 or older, you can give up to $100,000 per year from your IRA, allowing you to exclude the amount of our RMD (Required Minimum Distribution) from your income.
As with any financial decision, please consult your estate lawyer or financial adviser beforehand. If you have already included One Warm Coat in your will, or have any additional questions regarding legacy giving, please let us know!
Connect with Executive Vice President, Patti Zappa at firstname.lastname@example.org. We look forward to hearing from you!