Planned/Estate Giving

Make a Lasting Difference with a Legacy Gift to Hattie Larlham

Your planned gift, carefully invested by Hattie Larlham, can help individuals with intellectual and developmental disabilities year after year.

Our donors play a pivotal role in shaping the future of our organization. Your generosity through a planned gift: bequests, charitable gift annuities, and charitable trusts can also provide benefits for you, the donor. Whether the goal of your gift is to support a specific program, leave a legacy, supplement your income, or lower your taxes, Hattie Larlham can help.

Why Planned Giving?

Every gift will have a profound impact.

It’s easy. Helping individuals with disabilities can be as simple as adding a sentence to your existing will or adding Hattie Larlham Foundation on a beneficiary form.
You have flexibility. Your gift can be a whole amount or a percentage, so it remains in proportion to other desires you wish to fulfill. It can also come to Hattie Larlham only after your other needs are met.
You have options. Your gift can be unrestricted, placed in our endowment, or you can choose to help fund a specific program.
You may realize tax benefits. Gifts of appreciated stock also help to avoid capital gains and are accepted by Hattie Larlham.

How Do You Want to Make a Difference?
Whether your gift is $5,000 or $500,000, those we serve are grateful every day that they continue to receive the care and support they need. There are many ways to help!

Providing a Gift Through Your Will
Naming the Hattie Larlham Foundation in your will allows you to designate all or a portion of your estate. Giving money to Hattie Larlham in your Will is a great way to leave a positive legacy for the future. It can also reduce the amount of tax paid by the rest of your estate so your family can get the most out of their inheritance.

Charitable IRA Rollover: A smarter way to give for those 70.5 or older
Another planned giving option for supporters 70.5 or older is to give a tax-free gift directly from your IRA. This gift can be made whether or not you itemize deductions. A gift from your IRA makes an immediate impact on our services and may come with great personal tax benefits.

Charitable Remainder Trusts (CRT)
There are ways to make philanthropic gifts while still generating income for yourself or someone else. This charitable giving strategy generates income and can enable you to pursue your philanthropic goals while also helping provide for living expenses. Charitable trusts can offer flexibility and some control over your intended charitable beneficiaries as well as lifetime income, thereby helping with retirement, estate planning and tax management. You, the donor, receives an immediate income tax charitable deduction when the CRT is funded based on the present value of the assets that will eventually go to Hattie Larlham.

Charitable Lead Trust (CLT)
This trust allows you to make annual gifts to support Hattie Larlham for a term of years, typically 10-20. At the same time, this intergenerational wealth-transfer tool enables you to provide for your heirs, while sharply reducing gift and estate taxes. When the term ends, trust assets are transferred typically to your children or grandchildren.

Charitable Remainder Annuity Trust (CRAT)
A CRAT is a gift transaction in which a donor contributes assets to an irrevocable trust that then pays a fixed income amount to the donor or Hattie Larlham as the noncharitable beneficiary in the form of an annuity, typically calculated as a percentage of the initial value of the trust assets.

Charitable Remainder Unitrust (CRUT)
A CRUT pays a fixed percentage of the trust’s value, as determined on an annual basis. The unitrust is an estate planning tool that provides income to a named beneficiary during the grantor's life and then the remainder of the trust would go Hattie Larlham.

Charitable Gift Annuities (CGA)
A CGA provides fixed payments for life in exchange for a gift of cash or securities to Hattie Larlham. A Deferred CGA also provides fixed income for life in exchange for a gift of cash or securities, with payments starting on a date that you choose that is at least one year after you make the gift.

**This information is not intended as tax, legal, or financial advice. Gift results may vary. Consult your attorney or personal financial advisor for information specific to your situation.

Legal Name: The Hattie Larlham Foundation
Bequests and other forms of planned/estate gifts should be designated to: The Hattie Larlham Foundation

The information that you or your broker may need includes:

Legal Address: 9772 Diagonal Road, Mantua, OH 44255

Intended Use of Gift:
Please indicate whether the gift is intended for general purposes and uses, for a specific program, or to be added to our endowment. Please contact us in advance if there is a specific or restricted use for the gift to make sure that we can fully honor the donor’s wishes.

Sample Bequest Language
“I give, devise and bequeath to the Hattie Larlham Foundation, or its successor in interest, (Tax ID #34-1696794), whose legal address is currently, 9772 Diagonal Road, Mantua, OH 44255, the sum of $_________ (or describe the percentage of estate or specific asset/type of property you wish to give), for its unrestricted and general purposes (or for a designated purpose of your choice).”

Hattie Larlham Foundation - Tax Identification Number:  34-1696794

Stock Account:
Instructions for gifting to the Hattie Larlham Foundation using shares of stock held in a brokerage account:

Please provide your broker with the following information:

     DTC# 0547 (Robert W Baird & Company)
     Account number:  8428-9320 (Hattie Larlham Foundation – Gift Account)

Ask your broker to include:

     Donor’s: Name: ______________________________
     when submitting the transfer request.

Please contact Kevin Alberty (216) 737-7366 at Robert W. Baird & Company if have any questions.

Frequently Asked Questions and Answers About Planned Giving
Do I have to include my wish to leave a gift to a specific organization in my will?

To be certain that Hattie Larlham receives the gift, you should state your intention in your will. Without a will, you lose control over your belongings after your death. Your property and finances are settled according to state laws, whether or not they coincide with family wishes. Make sure when specifying a gift in your will that you use the official name of the organization. “Hattie Larlham Foundation”

Must I have an estate to leave a gift?
An estate is simply a word used to describe any property, money, or personal belongings that you may have at the time of your death. Most people leave an estate when they die, even though they may not have a great deal of wealth. Anyone can arrange to leave a charitable gift from their estate when they pass away.

Who can help me arrange for a gift?
When contemplating a planned gift, working with an experienced professional can ensure that you receive maximum tax benefits while fulfilling your philanthropic wishes. If you are already working with a professional financial planner, lawyer, accountant, or insurance agent, discuss with them your intentions to leave a charitable gift. Most can either help you directly or refer you to someone with experience in estate planning and/or charitable giving. If you do not have a relationship with a professional, please contact our office and we can provide some organizations for you to contact.

How do I leave a gift in memory or in honor of a person or for a specific purpose?
A gift is a wonderful way to recognize someone who has made a difference in your life or to thank an organization or person that helped you or your family. You may also want to give to a specific cause such as research or to a new building or program. This kind of memorial/honorarium gift can be arranged in your will, the same way that you would leave a personal gift from your estate. Just make sure that the language clearly states that the gift is given in memory or in honor of a particular person or for a specific use.  If you would like to talk through current options for restricted gifts, please call Mary Horoszko, Chief Development Officer, at 330-840-6840.

Do I tell the charity I’ve arranged for the gift?
This is up to you. Nonprofit organizations often like to know in advance so they can recognize your generosity. They also can help you direct your gift to a specific program that fits your intentions. Ultimately, it is entirely up to you to contact the charity and let them know of your decision to leave a gift.

What are my options if I want to leave a gift to the Hattie Larlham Foundation?
Philanthropic gifts to the Hattie Larlham Foundation can and do come in many forms. Of course, at any time you may make an outright gift of cash, appreciated securities or mutual fund shares, artwork, equipment, or even real estate. If you are interested in additional flexibility in planning a gift to Hattie Larlham, you may also pledge a specific money amount that is payable over a mutually agreed upon period of time.

The organization can also receive life income gifts either through charitable remainder trusts or the pooled income fund. Life income gifts allow the donor to receive income while making a gift to Hattie Larlham. Additionally, life income plans can offer an immediate income tax deduction. The charitable remainder unitrust and the charitable remainder annuity trust can be funded with cash or appreciated securities and structured to provide life income for the donor, with Hattie Larlham Foundation as the ultimate beneficiary. Charitable remainder trusts are individually managed by an external trustee designated by the donor.

All gifts to Hattie Larlham are used efficiently and effectively to continue its important mission. Whatever you decide, please know that your planned gift is a lasting tribute and testament to your commitment to the babies, children, and adults with intellectual and developmental disabilities we serve each day. Today, begin thinking about how you’d like to leave your legacy and how you can make a lasting and important difference in the lives of those served by Hattie Larlham for many tomorrows.

For more information please contact:
Mary Horoszko, Chief Development Officer, Hattie Larlham Foundation: 330-840-6840 | mary.horoszko@hattielarlham.org
Stephen Colecchi, Chief Executive Officer, Hattie Larlham: 330-840-6838 | stephen.colecchi@hattielarlham.org
Greg Snyder, Chief Financial Officer, Hattie Larlham: 330-840-6851 | greg.snyder@hattielarlham.org