Note: Information provided on this page should not be considered tax or investment advice. Please speak with a tax and or investment specialist if you have questions.
Planned Giving and Investment Gifts
Include the Carroll Center in Your Will
Including Carroll Center for the Blind in your will is a wonderful way to provide for future generations of blind children, adults, and seniors. This lasting gift provides the Center with hope for the future and enables you to satisfy your personal and financial goals.
To include Carroll Center in your will, simply ask your attorney or financial planner to include the following language in your will:
“I bequeath $______ or ____% of my estate to The Carroll Center for the Blind, 770 Centre Street, Newton, MA 02458.”
If you have already named Carroll Center in your estate plan, please let us know so that we can properly thank you and enroll you in the Carroll Legacy Society.
Members of Carroll Legacy Society honor the memory of our founder, Father Thomas Carroll, and strengthen the future of Carroll Center, enabling us to build a strong endowment for generations to come.
If you would like more information on including Carroll Center in your will, or another type of planned gift, please contact Angela Haynes, Director of Development, at 617-969-6200 x213.
Specific Bequest: a gift of a specific item or piece of property.
Example: “I give XYZ item or my XYZ common stock to The Carroll Center for the Blind,770 Centre Street Newton, MA a nonprofit corporation, for its general corporate purposes.”
Contingent bequest: a gift taking effect only if something does or does not happen, e.g. another beneficiary does not survive you.
Example: “In the event my daughter, Jane Doe should not survive me, I give my father’s baseball card collection to The Carroll Center for the Blind, 770 Centre Street Newton, MA,a nonprofit corporation, for its general corporate purposes.”
Charitable Gift Annuities: may help you increase your spendable income; provide a fixed, steady income; gain an immediate charitable income tax. If you are interested in learning more, please reach out to Angela Haynes, Development Director, 617-969-6200 x213.
Gifts of Life Insurance, IRAs and other Retirement Assets
It is easy to name The Carroll Center for the Blind as the beneficiary, or one of the beneficiaries, of your life insurance policy or any one of your retirement plans. By making a charitable gift in this manner, you could avoid estate and income taxes while creating a lasting legacy.
Just as you should periodically review your Will and Estate Plan, you should also periodically review the beneficiary designations on any life insurance, IRA, 401(k) or other retirement plan you own (or over which you have a power of appointment given to you by someone else).
You may even consider gifting an “obsolete” insurance policy by naming the The Carroll Center for the Blind as the owner. You will be entitled to an income tax deduction that is usually equivalent to the paid up value or replacement value of the policy.
Simply contact the administrator of your plan and ask for a Change of Beneficiary form. You may even be able to find one on their website.
Giving Real Estate, whether undeveloped, residential or commercial, provides you with another method to make a tax-advantaged gift. If your real estate has grown in value, it may be a perfect asset to fund a charitable remainder trust. It is possible to continue the use of your home or property during your lifetime, while receiving the benefit of an immediate charitable tax deduction.
One method of supporting the Carroll Center for the Blind is to give the gift of appreciated investments such as stocks, bonds or mutual funds.
BENEFITS OF DONATING STOCK
- Contributing a gift of stock is easy.
- You gift of stock may allow you to avoid capital gains tax on the increased value of the stock.
- You may be able to take the current value as a charitable deduction. Note: Your gift will be counted on the date the stock is transferred, and must be made by December 31 in order to be counted as a charitable deduction for this year.
BROKERAGE ACCOUNT INFORMATION TO DONATE YOUR STOCK
If you would like to donate your stock to Carroll Center for the Blind, please contact your broker with the information below and have the stock transferred to our account.
Brokerage Firm: Morgan Stanley, Norwell, MA 02061
Financial Advisor: Christopher Dewey or Frederick Hussey
Carroll Center Tax ID: Tax ID 04-2106173
TO TRANSFER SECURITIES:
FBO: The Carroll Center for the Blind, Inc.
Account Number: 447039720
After you donate your stock, please notify Carroll Center so that we may be aware of your gift. Contact Angela Haynes, Director of Development, at 617-969-6200 x213.