Plan Your Legacy

Feel Good Impact welcomes bequests through your Will or Trust, including gifts of a specific dollar amount, a percentage of your Estate, or the remainder of your Estate after other distributions have been made.

To include Feel Good Impact in your Estate plan, please consult your attorney or estate-planning advisor. For more information and sample language to share with your attorney or financial advisor, please download our Feel Good Impact Bequest Guide.

Designating Feel Good Impact as a beneficiary of retirement assets (including traditional or Roth IRAs, Keogh plans, 401(k) plans, or 403(b) plans) can be a simple way to support the organization through your estate plan.

Retirement assets inherited by individual beneficiaries may be subject to income taxes and, for larger estates, potentially estate taxes. Under current federal law, certain transfers at death to qualifying 501(c)(4) social welfare organizations may qualify for favorable estate tax treatment.

If you choose this type of legacy gift, it is important to know that:

• Your retirement account withdrawals can continue during your lifetime.

• Your gift to Feel Good Impact becomes effective only when you no longer need the assets.

• You can name a spouse or partner as the primary beneficiary and Feel Good Impact as secondary beneficiary.

• You may choose to donate all remaining assets in your account or a specific percentage.

• To ensure that your wishes are honored, remember to keep up-to-date beneficiary forms filed with your retirement plan.

• Any changes to your financial and estate plans should be made with guidance from legal and financial advisors. Please contact your financial advisor to establish Feel Good Impact as a beneficiary of your retirement plan.

Distributions from retirement accounts like IRAs to Feel Good Impact do not qualify as Qualified Charitable Distributions (QCDs), and lifetime contributions to 501(c)(4) organizations are generally not income-tax deductible.

Want to learn more about how to give to Feel Good Impact through your retirement account? Contact Gunther Korshak, Director of Development, at gunther@feelgoodimpact.org. 

Donating a life insurance policy to Feel Good Impact through a transfer of ownership or beneficiary designation may help you support the organization while also advancing your personal, financial, and estate-planning goals. Depending on your circumstances, a life insurance gift may provide estate tax benefits.

Contact your financial advisor and/or insurance company to:

• Transfer physical possession of your fully paid-up policy to Feel Good Impact.

• File an absolute assignment or transfer of ownership form with your insurance company.

• Once processed, your insurance company will send us a letter confirming Feel Good Impact is the sole owner of the policy.

To ensure that your wishes are honored, remember to keep beneficiary information up-to-date with your insurance company. Estate law dictates that a beneficiary form filed with your insurance company, no matter how old, takes precedence over your wishes outlined in your Will or Trust.

Want to learn more about how to leave your Life Insurance Policy to Feel Good Impact in your estate plans? Contact Gunther Korshak, Director of Development, at gunther@feelgoodimpact.org.