Planned Giving
Welcome to Planned Giving at Shore
Bequests, or gifts from estates, can help secure the future for individuals with intellectual and other developmental disabilities.
Planned giving is one of the most powerful tools you, as a donor, can do to realize your legacy as well as make the most highly tax-efficient bequest to charity.
Please consider naming Shore Community Services as a beneficiary of your will/trust. You can make a bequest to Shore Community Services for a percentage of your estate or a specific dollar amount. You can designate your bequest for general use or you can restrict its use.
Additionally, many individuals establish endowments that honor the memory of a family member or another loved one. Endowments live forever since only the interest is used on an as needed basis.
The following are examples of language that might be used in the body of a will/trust.
Unrestricted Gift: I give, devise and bequeath to Shore Community Services, Inc., an Illinois corporation, located in Skokie, IL, the sum of $_____ (or real or personal property herein described), to be used for benefit of Shore Community Services, Inc. as its Board of Directors may determine.
Endowment Fund: I give, devise, bequeath to Shore Community Services, Inc., an Illinois corporation, located in Skokie, IL, the sum of $______ to become part of its Endowment. The principal of this gift shall be commingled with and subject to the same investment policies, from time to time, as other permanent endowment funds. The income may be used at the discretion of the Board of Directors for any purpose of Shore Community Services, Inc.
Memorial Fund: I give, devise and bequeath to Shore Community Services, Inc., an Illinois corporation, located in Skokie, IL, the sum of $_____ (or real or personal property herein described) to be known as the _____ Memorial Fund. The Board of Directors of Shore Community Services, Inc., at its discretion, shall determine the use of the income for any purpose. The said Board of Directors may authorize the expenditure of all or any part of the principal of the Fund for some project or special purpose or in connection with the erection of a building or the acquisition of a facility, provided that an appropriate memorial, evidenced by a plaque or marker, is established in the name of _______.
A Specific Purpose: I give, devise, bequeath to Shore Community Services, Inc., an Illinois corporation, located in Skokie, IL, the sum of $________ for the purpose of (be specific) or if such use, in the judgment of the Board of Directors, is or shall become impractical or unwise, then for such purpose as the Board shall determine, or…the sum of $_____ to endow or help endow a staff position at Shore Community Services. Inc. The income therefrom shall be used to pay the salary of such professional in said department/program. If at any time the income is not needed for such purpose, then such income may be used for other appropriate purpose or purposes of Shore Community Services, Inc. as it’s Board of Directors may determine.
Please contact our offices for more information on planned giving opportunities and guidance. If you have already designated Shore Community Services with a bequest, retirement plan or otherwise, thank you and please let us know so we can welcome you as a member of the “_____ Society” (or “_____ Guild” or some such….
The information presented on this page is not offered as legal or tax advice. Please seek the advice of your tax advisor, attorney and/or financial planner to make certain that any gift you are considering fits well into your specific circumstances.
Shore’s Federal Tax ID number is 36-2384323.
