Planning Your Gift to Project HOPE

A gift from your will or trust is a time-honored way of ensuring that your support of Project HOPE continues for generations to come.

• To leave the majority of funds to your loved ones, name Project HOPE to receive a specific amount or percentage.
• To leave Project HOPE what’s left after loved ones are provided for, use a residuary bequest.
• To leave your estate to family and friends and specify what you wish to happen if they predecease you, use a contingent bequest. This is often used by spouses who stipulate that if the other spouse is not living, then the bequest specified for that spouse will go to Project HOPE.

To make a gift in your will or trust, or by beneficiary designation, please use the following suggested language: “I give [percent of my estate, or dollars, or description of asset] to Project HOPE, The People-to-People Health Foundation, a nonprofit organization located at 7500 Old Georgetown Road, Suite 600, Bethesda, MD 20814, Federal Tax ID #53-0242962, for its general use and purpose.”

Or, please contact us so that we may work with you and your attorney to craft language that meets your specific goals and needs.

Many of us have sacrificed to accumulate enough savings to guarantee a long and comfortable retirement. Those same frugal habits often result in not using all the money we’ve saved. Most retirement plans are subject to income tax and possibly estate tax when transferred to others. That’s why, from a tax perspective, the best legacy gift to charity is often from a retirement plan.

If you designate Project HOPE as a beneficiary of your retirement plan you can:

• Leave other, less heavily taxed assets to your family.
• Change your beneficiaries at any time, retaining maximum flexibility.
• Take action without the expense of an attorney. Simply request a change of beneficiary form from your plan provider and include Project HOPE as a full or partial beneficiary or update your beneficiaries through your online account.

Because we are tax exempt, 100% of your gift will benefit Project HOPE.

Please designate The People-to-People Health Foundation, a nonprofit organization located at 7500 Old Georgetown Road, Suite 600, Bethesda, MD 20814, Federal Tax ID #53-0242962.

You can also use this information to name Project HOPE a beneficiary of your life insurance policy.

Please contact us for questions or assistance.

One of the simplest ways you can help ensure Project HOPE’s future is by making Project HOPE the Pay on Death (POD) or Transfer on Death (TOD) beneficiary of a certificate of deposit, a bank account, or a brokerage account. This is usually as simple as updating a form. Your financial institution can assist you with this process. You can also name Project HOPE a final beneficiary of your donor advised fund (DAF).

Please contact us for questions or assistance.

How Do Charitable Gift Annuities Work?

• You donate cash or securities worth $10,000 or more to Project HOPE and receive payments for life in return. Your gift will be used to support Project HOPE’s critical work providing lasting solutions to health problems with the mission of helping people to help themselves.
• Your payment rate is based on your age, and will never change, no matter how long you live or how the market fluctuates.
• Make your gift by December 31 and you may be able to reduce your current year tax burden. If you fund your gift with appreciated securities, you will avoid a significant amount of capital gains taxes.

More Ways You Benefit

• Gift annuities can benefit up to two people, making them an ideal way to provide financial security for a spouse or other loved one.
• Avoid capital gains taxes when you use appreciated stock to fund your gift annuity.
• If you don’t need the income immediately, you can schedule payments to begin at least one year after your donation. The longer the deferral period, the higher your payment rate.

Please contact us for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Project HOPE.

You can transfer funds from your IRA directly to Project HOPE and avoid paying taxes on the withdrawal. This is an effective way to have an immediate impact on Project HOPE’s lifesaving work.

Here’s how it works:

• You must be 70 ½ or older.
• An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000 (to all charities).
• Your gift must be transferred directly from your IRA account to Project HOPE.
• Your gift is a transfer of funds from your IRA to Project HOPE, so while you do not receive a charitable deduction, it does not create taxable income for you.
• If you are at least 72, the transfer of funds can count towards your annual required minimum distribution (RMD) from your IRA.*

*After you turn 72, you must take an RMD from your IRA. Many supporters like to donate all or a part of their RMD to Project HOPE through a qualified charitable distribution.

Please note that the SECURE Act of January 1, 2020, has changed certain rules regarding retirement plans. You can still make a gift to Project HOPE and other charities through a qualified charitable distribution starting at age 70 ½. However, if you make IRA contributions after age 70 ½, as allowed under the 2020 SECURE Act, the amount you have available for qualified charitable distributions may be reduced. Please consult your tax or financial advisor to learn how this may impact you. They can review the plans you have in place (including your beneficiary designations) and help answer any questions about the new legislation.

Please contact us if you’re interested in making a qualified charitable distribution to support Project HOPE and would like a sample letter for your IRA administrator to facilitate the transfer.

Note: We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing privileges on your IRA account, please mail your check by Dec. 15 in order to give us time to process your gift before the end of the year.

If you have a donor advised fund, please consider recommending a grant through your fund to Project HOPE. To maximize your impact, recommend recurring quarterly or monthly grants. And as with a retirement plan or life insurance policy, you may make a legacy gift to Project HOPE by listing Project HOPE as a final charitable beneficiary of your existing donor advised fund when you update your succession plan.

Did you know that Project HOPE sponsors its own donor advised fund, allowing you to manage your giving in a simple, flexible, and tax-efficient way? You can recommend charitable grants over time exclusively to Project HOPE — or to Project HOPE and other charities simultaneously.

Please contact us for questions or assistance.

A gift of appreciated stock or other assets can benefit you and Project HOPE. You may also be able to use your appreciated assets to fund a gift that provides guaranteed lifetime payments and tax benefits. With no change to the capital gains tax rates and a strong stock market, a gift of appreciated stock is more beneficial to you than ever.

Please contact us for questions or assistance.