OTHER WAYS TO DONATE

 

Bequests: Gifts Made Through Your Living Will or Trust

You can join supporters who have made the thoughtful decision to support Meals on Wheels of Jefferson County through their estate plans.  Making these plans means that the services and programs that you have supported in your lifetime will continue to touch the thousands of seniors for years to come.  It means you have a choice as to how your assets will be used, well into the future. 
 

Naming Meals on Wheels of Jefferson County in Your Will:

You can make a gift to Meals on Wheels of Jefferson County in your will by designating a specific dollar amount, a percentage of the estate, or a percentage of the remaining part of the estate (residual) after other distributions are made.  You can make this decision at any time.  If you do not have a will written yet, or have not reviewed it lately,  these are excellent reasons to create or modify your will and discuss this potential sample language with your attorney:

I give, bequeath, and devise (all or ____ percent of) the rest, residue and remainder of the property, both real and personal, wherever situated, which I may own or be entitled to at my death, to Meals On Wheels of Jefferson County to be used for its general purposes.

 

Ways to Leave a Bequest Without a Will or Trust

 

Many charitable people wish to create a legacy for Meals on Wheels of Jefferson County but have no interest in writing a will or a trust. (These options can still be considered if one does have a will or a trust.)  There are three ways that this can be achieved:              

           name Meals on Wheels of Jefferson County as a beneficiary of a retirement fund

           name Meals on Wheels of Jefferson County as a beneficiary of an insurance policy, or

           name Meals on Wheels of Jefferson County as successor to your bank or investment account

Retirement Funds

You can create a legacy by naming Meals on Wheels of Jefferson County  as a beneficiary or contingent beneficiary of an IRA, 401(k) Keogh account, or other retirement plan.  When a retirement account is left to a charity, the organization does not pay the income tax otherwise due if left to a friend or family member.  For very high net worth individuals, assets in these accounts may also be subject to taxes.  You can make such a gift by completing a change of beneficiary form.  There should be no fees involved, and it does not require any work on the part of an accountant or attorney.
 

Insurance Policies
 

Life insurance may be used to create a legacy by naming Meals on Wheels of Jefferson County as a beneficiary or contingent beneficiary of the policy.  This requires that you complete a change of beneficiary form with the insurance company.  You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift.  If you name Meals on Wheels of Jefferson County as a beneficiary, you can change your mind at any time by updating the change of beneficiary form.
 

Bank or Investment Accounts
 

You may name Meals on Wheels of Jefferson County as successor to your bank or investment account in most states.  The arrangement is known as Transfer-on-Death/Payable-on-Death or TOD/POD.  This requires that you complete a form directly with your financial institution.  You do not have to work with an attorney or accountant, nor are any fees involved to arrange such a gift. TOD/POD gifts are completely revocable.  You can change your mind at any time by filling out a new form.

 

MEALS ON WHEELS OF JEFFERSON COUNTY is a 501 (c) (3) agency, all contributions are tax-deductible.

For questions regarding contributions please call (304) 725-1601, or email mealsonwheelsjc@frontier.com