Planned Giving

The volunteer leaders and financial sector liaisons serving on our Council are some of the country’s most dynamic leaders and long-time experts on “cause philanthropy,” family foundations, wealth management, and innovative types of legacy giving. They are also familiar with helping their clients evaluate non-profit organizations’ standing, history, and results.

We are honored to have their assistance to ensure that gift opportunities provided by the Foundation are both contemporary and provide flexibility to the donor. For instance, “split-interest trusts” are gaining momentum as a best-option vehicle for some donors.

We would like the opportunity to help accomplish any specific needs with your gift.

For more information, please contact us at 850-562-5300 or email us at info@BarbaraBush.org.

GIVING OPPORTUNITIES

GIFT TYPE

HOW IT WORKS

BENEFITS

CASH

Maximize your charitable deduction and deliver immediate benefits to BBFFL

Send a check, wire funds, or contribute online to BBFFL. You receive a full charitable deduction and your donation delivers a gift that BBFFL can use immediately.

CHARITABLE BEQUEST

Give without affecting cash flow during your lifetime

Include a charitable bequest in your will or trust. Your will or trust directs a bequest to BBFFL. Your assets remain in your control during your lifetime, and you can modify your bequest if your circumstances change.

APPRECIATED SECURITIES*

It is possible to receive tax breaks for gifts of appreciated securities

Transfer securities you have owned for one year or more to BBFFL, which then sells your securities and uses the proceeds for its programs. You avoid capital gains taxes on securities donated, and receive an immediate income-tax deduction for the fair market value of the securities on the date of transfer.

RETIREMENT PLANS

Your retirement plan may be worth more when donated to BBFFL

Name BBFFL as the beneficiary of your retirement plan, IRA, 401(k) or other qualified plan. The remaining balance in your retirement account passes to BBFFL after your death. You avoid estate and income taxes on the balance of your retirement savings, and retain the ability to make withdrawals during your lifetime. You have the ability to change your beneficiary if circumstances change.

CHARITABLE LEAD TRUST

Support BBFFL and preserve your wealth for your beneficiaries

Make a significant gift in trust and create a fixed payment to BBFFL for a period of time with the remaining trust assets coming to you or your named beneficiaries. If established in your lifetime, you can transfer assets and may receive an immediate tax deduction for a portion of your contribution.

CHARITABLE REMAINDER TRUST

Make a significant gift in trust and create a flexible source of income

Transfer assets to the trust. The trust makes required income distributions to you or your beneficiaries.  When the trust terminates, the principal passes to BBFFFL. You may receive immediate tax deductions for your gift. You pay no up-front capital gains tax on the appreciated assets you transfer, and you have the satisfaction of making a significant gift that benefits you now and BBFFL later.

LIFE INSURANCE

Put a policy whose coverage you no longer need to use as a gift to BBFFL

Transfer ownership of a paid-up life insurance policy to BBFFL. You have the satisfaction of making a significant gift now to BBFFL without adversely affecting your cash flow.

*Important Tip: Don’t sell the stock first. Even though you give BBFFL the proceeds as a gift, the IRS will impose capital gains tax on your sale, wiping out the benefits of this arrangement.

Please feel free to contact us directly for information or assistance on a confidential basis: Roosevelt Alexander, CFO by phone 850-562-5300 or send us an email at info@barbarabush.org. 

The BBFFL, its employees or representatives do not offer legal or financial advice.  We strongly urge prospective donors to consult with their attorney, financial advisor, estate planning professional, accountant or other appropriate professional before making any material decisions based on information we provide through our web site, printed materials or other sources.

The Barbara Bush Foundation for Family Literacy, a Public Charity, is a 501 (c)(3) organization, FEIN 26-0587238.  Information concerning Barbara Bush Foundation for Family Literacy, Inc., including financial, licensing or charitable purposes(s) may be obtained, without cost, on our website or by writing to Barbara Bush Foundation for Family Literacy, Attn: Chief Financial Officer, 516 North Adams Street, Tallahassee, FL 32301, or by calling (850) 562-5300.

What We Do

We prepare children for school and help their parents improve their literacy skills by providing access to high-quality family literacy programs nationwide.