When Eugene and Lucille Peters began to research a cause to name in their trust, two things led them to Guide Dogs of America: their mutual love of dogs and Lucille’s decades-old memory of her co-worker, whose son was blind.
“It just hit our hearts,” said Lucille Peters. “We love dogs and we know how important they are to blind people. We wanted to find a good organization to put in our trust. It’s not a lot of money, but we know that any amount will help to make a difference. We felt GDA was very worthy. They are providing such a blessing to the blind men and women who come to the school.”
The Peters, both in their 90s, became Partners in Trust in 2003. They have never visited the school, but feel they have learned so much about GDA from reading the materials and watching the school’s video. “I had no idea how much training both the dog and the blind partner must have to become a successful guide dog team,” said Mrs. Peters.
She also spreads the word about GDA to residents of the retirement community where she and her husband live. “We have a common reading area and I make sure that after I have read the latest news and information from GDA that I leave it there so someone else can learn about what wonderful work the school does,” she said. “My hope is that it will inspire someone else and, like us, they will make the decision to name GDA in their Trust.”
For information about becoming a Partner in Trust, please contact Rhonda Bissell at 818-833-6432.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Use of graphics, images, information or any other content of this web site and its pages is expressly forbidden without permission from Guide Dogs of America. Guide Dogs of America does grant permission to use information from this site for educational and informational purposes only as long as information is not altered and is properly cited..
A charitable bequest is one or two sentences in your will or living trust that leave to Guide Dogs of America 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, [name], of [city, state, ZIP], give, devise and bequeath to International Guiding Eyes, Inc., dba: Guide Dogs of America located at 13445 Glenoaks Blvd, Sylmar, CA 91342 [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 GDA 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 GDA 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 GDA 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 GDA where you agree to make a gift to GDA 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.