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Planned Giving

Building a Better Future for Children

Mimi O'HaganIn the 1980s, Mimi O'Hagan decided that her late sister's four sons and daughter and 16 grandchildren didn't need another teddy bear gift-wrapped for Christmas. Instead, she made annual gifts in their names to Save the Children. She also extended her commitment to us by taking out a charitable gift annuity. "Save the Children provided wonderful tax benefits and allowed me to continue to support the charity of my choice," she said. In addition she made us a beneficiary of her IRA.

In 2000, Mimi retired after a 48-year career in communications. She began month-long volunteer trips around the world. No matter where she traveled Mimi organized a side trip to see a Save the Children project. But it was her trip to Ethiopia that launched her philanthropic odyssey.

By 2006, at age 76 Mimi was serving as a volunteer constructing mud houses in Ethiopia. She has never shied away from manual labor. During a short break, she discovered a three-year-old boy whose face was covered with sores, dressed in a ragged shirt and crying beside a dirty stream. He was struggling to fill a corroded, enamel plate with spoonfuls of water.

Mimi returned to her home in New York haunted by the little boy and resolved to raise money to build a primary school with running water in the impoverished, rural Tigray region in northern Ethiopia.

Sitting at her dining room table surrounded by envelopes, stamps and Save the Children reports, she penned hand-written notes to generous friends and family, urging them to help her bring education to the children of Tigray, including girls who ordinarily do not receive schooling.

Over the years, Mimi's Building Blocks raised over $840,000 for Save the Children. Supported by the Ethiopian Ministry of Health & Education, Mimi's Building Blocks built and equipped five schools and kindergartens and refurbished a health clinic. She also raised money to provide wells so that villages and the surrounding region could enjoy a valuable commodity in that part of the world: fresh water. Mimi died on May 9, 2018, but left an impressive legacy that will transform the lives of countless numbers of children in need.

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A charitable bequest is one or two sentences in your will or living trust that leave to Save the Children 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Save the Children, tax ID number 06-0726487, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 Save the Children 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 Save the Children 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 Save the Children 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 Save the Children where you agree to make a gift to Save the Children 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.

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