Give Through a Beneficiary Designation
One of the simplest ways to leave a lasting gift to your neighbors in Georgetown and northern Williamson County.
Some of the easiest and most powerful gifts don't require a will, a trust, or an attorney, just a simple form. By naming The Caring Place as a beneficiary of your retirement account, investment account, or bank account, you can leave a meaningful legacy that continues to provide food, shelter, and dignity for families in crisis right here at home.
What Is a Beneficiary Designation?
Many of your financial accounts let you name who receives them after your lifetime, separate from your will. By listing The Caring Place as a beneficiary (full or partial) you make a future gift while keeping complete control of your account today. You can use the money as you always have during your lifetime, and you can update the designation at any time. Because these gifts pass directly to us, they often avoid the delays and expense of probate.
Accounts You Can Give Through
Retirement accounts. Name The Caring Place as a beneficiary of your IRA, 401(k), 403(b), or other retirement plan. This is often the smartest asset to give to charity — more on that below.
Investment and brokerage accounts. Many investment accounts offer a "transfer-on-death" (TOD) designation that lets you name The Caring Place to receive some or all of the account.
Bank accounts. Checking, savings, and CD accounts often allow a "payable-on-death" (POD) designation, making it easy to direct a gift to The Caring Place.
Why Retirement Assets Make an Especially Smart Gift
Retirement accounts are one of the most tax-burdened gifts you can leave to loved ones. Because these accounts are usually funded with pre-tax dollars, heirs who inherit them typically owe income tax on what they receive (meaning a portion of your gift can be lost to taxes).
A nonprofit like The Caring Place, however, receives these assets tax-free. That makes retirement accounts an ideal choice for a charitable gift: your full gift goes to work in the community, and you can leave other, less tax-burdened assets to your family. Your advisor can help you weigh the best approach for your situation.
Why Give to The Caring Place This Way?
It's simple. Most designations take just a few minutes and a beneficiary form from your account provider — no attorney or will change required.
It keeps you in control. You retain full use of your accounts during your lifetime and can change your beneficiaries whenever you wish.
It keeps your gift local. Every gift stays right here, meeting the essential needs of families throughout Georgetown and northern Williamson County with compassion and respect.
It leaves a lasting legacy. Naming The Caring Place ensures your compassion for our community continues for generations.
How to Get Started
Making a beneficiary designation is easy. Simply request a beneficiary designation form from your retirement plan administrator, investment firm, or bank, and name The Caring Place as a beneficiary. You'll need our organization information:
Organization: The Caring Place EIN: 74-2386902
If you'd like your gift directed to a particular purpose, or if your provider needs additional information, we're glad to help.
Let Us Know About Your Gift
If you've named The Caring Place as a beneficiary, we hope you'll consider letting us know. Sharing your intentions is entirely voluntary and never binding, but it allows us to thank you and express our gratitude during your lifetime, and it helps us plan responsibly for the future based on what we know about the generosity to come.
Questions?
We're happy to help you and your advisor explore whether a beneficiary designation is right for you. Reach out to our Engagement Director, Jonathan Davis, by calling him at 512-943-0727 or emailing him at jdavis@caringplacetx.org, and he'll walk you through the process or provide any additional information your provider may need.
The Caring Place does not provide tax or legal advice. Please consult your financial advisor regarding your specific situation.
