Legacy of Hope

Legacy of Hope LogoWe are pleased to announce the formation of Villa's "Legacy of Hope." It is a society comprised of individuals who wish to leave Villa a lasting legacy gift. This is a wonderful way to help ensure Villa's future viability. Members will be honored in a special section of our Annual Report and included in other donor events.

You need not be wealthy to leave a legacy gift. While cash contributions are always appreciated, there are other creative and flexible giving options that can benefit you and Villa. Consider, for example, donating real estate, stocks or other assets or naming Villa as a beneficiary of your will, trust, or life insurance policy. As you consider possible options, we encourage you to consult with your financial advisor to discuss the choices available.

If you have already made plans to leave a legacy gift to Villa, thank you. We would like to include you in our member listing. Please contact Gioia Pastre at ﴾626﴿ 449‐2919, Ext. 118, or email her at GPastre@VillaEsperanzaServices.org before the end of the year so we can include your name in our Annual Report. She may also be contacted with any questions regarding planned giving to Villa.

Thank you for your commitment to Villa Esperanza Services and those we serve today and in the future. We hope that you will consider making a legacy gift to Villa and help ensure the sustainability of our organization for years to come.

A charitable bequest is one or two sentences in your will or living trust that leave to Villa Esperanza Services a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

I give ____________________ to Villa Esperanza Services, a nonprofit corporation of the State of California, tax ID #95‐2148860, located at 2060 East Villa Street, Pasadena, CA 91107.

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Villa or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Villa as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Villa as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Villa where you agree to make a gift to Villa and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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