Legacy GivingInvest in the Future
A legacy gift to Family Programs Hawaii (FPH) ensures that we will continue fulfilling our purpose to provide the resources for Hawaii’s children to reach their full potential, especially children who are in or may become involved in foster care. Your generosity will have a lasting impact on the lives of our youth and families in the foster care community through our programs and services.
Additionally, our ‘ohana who intend to leave Family Programs Hawaii in their estate planning can realize valuable tax and income benefits through their gift and at the same time, support our organization.
Family Programs Hawaii accepts the following types of planned giving contributions. If your gift type is not listed here, please reach out to the Development Department for available options. Should you require assistance on starting the process of a planned giving gift, we ask that you contact your legal or financial advisor.
Bequest in a Will or Trust
Naming Family Programs Hawaii in your will or trust is a popular and simple way to make a planned gift. A bequest can either be a set dollar amount or a percentage of an estate that would go to Family Programs Hawaii. The donation is exempt from both federal and state estate taxes and you remain in control of all assets during your lifetime. A legal or financial advisor can provide guidance on creating or amending a will or trust to include Family Programs Hawaii.
Publicly Traded Securities
Publicly traded securities that have appreciated in value, including stocks and bonds, is an easy and tax-effective way of making a gift. By transferring highly appreciated stocks or bonds to Family Programs Hawaii, you will avoid having to pay any capital gains tax on the sale of the stock or bond, and you will also receive a charitable income tax deduction based on the full fair market value of the asset. Using appreciated securities rather than cash further enables you to leverage a more significant donation. Please contact us regarding gifts of appreciated securities.
Life Insurance and Retirement Plans
Family Programs Hawaii can be named as a beneficiary or sole owner of a life insurance policy or unused retirement assets. Type of plans include individual retirement accounts (IRAs), 401(k)s, 403(b)s, or pensions. The proceeds of the policy will be paid to Family Programs Hawaii free of federal estate taxes. By gifting retirement accounts and life insurance policies, relatives can avoid income and estate taxes.
Use Your IRA to Make a Donation
If you are 70-1/2, you can give up to $100,000 per year from your IRA (not a 401(k) or pension) directly to a qualified charity such as Family Programs Hawaii. The donation counts towards your required minimum distribution. Although you will not receive a charitable income tax deduction, the withdrawal will also NOT trigger any income tax.
Personal Property or Real Estate
You can make a gift of personal property, such as artwork, collectibles and other tangible items to Family Programs Hawaii. In addition, gifts of real estate remove a large taxable asset from your estate. You benefit by receiving income tax deduction equal to the appraised fair market value of the property, with no capital gains tax due on the transfer. Family Programs Hawaii can either sell the property or retain it for future use.
Charitable Gift Annuities
Family Programs Hawaii will offer charitable gift annuities at competitive rates. Family Programs Hawaii shall hold reserve in excess of 50% of the initial value of the gift for which the annuity was issued. The minimum for such a gift shall be $10,000.00 and the annuitant must be 55 or older.
Charitable Remainder Trusts
If you have a highly appreciated asset (stocks, bonds, real estate) you can take your donation a step further and decrease your tax liability, increase your income stream and benefit your favorite charity! If your assets are not generating the level of income you deserve, or the maintenance and upkeep of investment property is eating into your profits, consider the use of a charitable remainder trust where the asset could be sold without having to pay any capital gains tax, then use all of the proceeds of the sale to invest in assets that can generate a higher income stream for you and your family. Please contact us or your estate planning profession to discuss this option.
For other planned giving options and the process of naming Family Programs Hawaii as a legacy gift beneficiary, please consult your legal or financial advisor for details.
All gifts to Family Programs Hawaii are to enable the agency to carry out our mission – “We strengthen youth and families through high quality preventive, support and transition services.” FPH provides services to prevent children from entering the foster care; support children and families already involved in the foster care system; and assist youth transitioning out of foster care. We believe in the power of connections – within families, within the foster care system, with public and private partners and with our volunteers and donors. Together we can provide a bright future for Hawaii’s children.
Family Programs Hawaii is tax exempt under section 501(c)(3) of the Internal Revenue Code.
Our tax identification number is 99-0280498.
Family Programs Hawaii
801 South King Street
Honolulu, Hawaii 96813
Main Number: (808) 521-9531
Alana Alissa Yoshiko Anderson
Director of Development
Direct Number: (808) 540-2534