Planned Giving

Planned Giving

Since 2018, Hope Through Education has provided thousands of economically disadvantaged children in New Jersey with scholarships to attend academically excellent, values-based, K-12 schools. A great education unlocks the door to freedom for underprivileged children trapped in a cycle of poverty and violence and positions them to realize their full potential and destiny. 


Planned giving is a wonderful way to leave a legacy and ensure that Hope Through Education continues to positively impact the lives of underprivileged children in the future. Although most commonly thought of as bequests established through wills and trusts, planned giving includes a wide range of gifts that may be donated during the donor’s lifetime. Many types of donations also offer financial benefits to the donor as well such as:


  • Income tax deduction 
  • Elimination of capital gains tax on appreciated assets 
  • Income stream from a Charitable Gift Annuity and/or Charitable Remainder Trust

 

Donations to Hope Through Education may include any type of asset including cash, securities, property, retirement funds, insurance policy proceeds, or an income stream generated from a Charitable Lead Trust. 


Please call us at (732) 529-4117 so we can discuss legacy gift options that are right for you.

I am Writing a Will or Trust (Bequest)

Remembering Hope Through Education in your will or trust is easy to do. Simply provide a specific dollar amount or other property. You may also designate Hope Through Education to receive a specified percentage of your estate assets.

The following is sample language that you may use to remember Hope Through Education in your will or trust:

I give and bequeath to

Hope Through Education, 1 Pluckemin Way, Bedminster, NJ 07921 the sum of $___________, or specific asset, or _______percent of my estate, or percent of the remainder of my estate, to be used for donor designated or general fund.

To find out more information or notify Hope Through Education about your bequest, call us at (732) 529-4117.

I Have Appreciated Assets (Tax Benefits)

Did you know that you can support Hope Through Education’s mission by donating appreciated assets like stocks?
Why donate appreciated assets?

By donating an appreciated asset to Hope Through Education, you may benefit from an income tax charitable deduction at the current market value and not pay capital gains tax on the asset’s appreciation.

Here’s an example:

Henry has stock valued at $50,000. When he bought the stock, it cost him $5,000. If Henry were to sell the stock, he would have to report a $45,000 capital gain on the sale of stock. At the current tax rate, Henry would have to pay $6,750 in capital gains tax. However, if Henry were to donate the stock directly, instead of donating the cash proceeds from the sale of the stock, then he would not only get a charitable income tax deduction of the full $50,000, but also he would be able to eliminate his capital gains tax liability.

I Need Income in Exchange for My Gift

Charitable Gift Annuity

A transfer of cash or stocks to Hope Through Education in exchange for a Charitable Gift Annuity will guarantee you an income stream for life. This may be done for a single life or for two lives. There are some age restrictions that apply and minimum gift amounts. 

To show you just how attractive this gift option is, please see the sample rates of return shown below for certain ages. The rate is based on your closet age at the time of the gift.

Age Rate of Return
70 5.9%
72 6.2%
75 6.6%
80 7.6%
85 8.7%
90+ 9.7%

Charitable Remainder Trust

A charitable remainder trust is a trust that enables you to donate assets to Hope Through Education and receive annual income for the remainder of your life or for a specific time period.


How it Works


  1. You transfer cash, securities, or other property to a trust.
  2. During its term, the trust pays a fixed amount each year to you or to anyone you name.
  3. You benefit by being able to take a charitable income tax deduction on the assets in the trust and by avoiding capital gains tax should assets be sold at a profit and converted to cash.


All trust documents should be drawn by your own attorney and under the advice of your financial advisors. However, for personal evaluation of how a trust may be a beneficial way for you to make a gift to Hope Through Education, please call (732) 529-4117.

 I Have Retirement Funds (Bequest)

Did you know that you can support Hope Through Education’s important life-changing mission by naming Hope Through Education as the partial or sole beneficiary of your IRA, 401(K), 403(B), or other retirement assets, and by donating via IRA Qualified Charitable Distribution (QCD)?


Why use retirement assets to make a gift?

Since retirement plan assets may be subject to both income and estate taxes if left to heirs, estate planners often recommend that you designate all or a portion of the assets to a charitable organization such as Hope Through Education. By leaving such assets to Hope Through Education, you can pass other assets to your heirs which may lower the tax burden.


How can I name Hope Through Education?

You should request a “change of beneficiary” form from your retirement plan administrator. On this form you can name Hope Through Education as sole or partial beneficiary, or you can name Hope Through Education as a contingent beneficiary in case you are predeceased by your immediate beneficiary. On the form list Hope through Education as: 


Hope Through Education – A Fund for Better Future’s Inc

1 Pluckemin Way

Bedminster, NJ 07921

Tax ID #82-5117718


How do I donate with a QCD?

IRA owners ages 70 ½ or older can donate directly to Hope Through Education through an approved form of IRA through a Qualified Charitable Distribution (QCD). Donations made directly to a charity through a QCD may not be taxed as income up to $100,000  per year for each qualifying IRA owner, with some exceptions. Contact your financial institution directly to find out how to make a gift through a QCD.

Charitable Lead Trust (Benefit Your Heirs)

A Charitable Lead Trust is a gift option that provides a stream of income to Hope Through Education for the term of the trust. At the end of the term, the remainder value is usually paid to the donor’s heirs at appreciated values with favorable tax implications.


How it works

  • You transfer cash, securities, or other property to a trust. You receive gift tax deduction.
  • During its term, the trust pays a fixed amount each year to Hope Through Education.
  • When the trust ends, its remaining principal passes to your family or other heirs. Trust growth passes to them tax-free.


These trusts are quite complex and require the advice of your tax and estate planning advisors. Hope Through Education is willing to help guide the process as you plan. Please call us at (732) 529-4117.


Hope Through Education – A Fund for Better Future’s Inc is a registered United States nonprofit organization under IRS section 501(c)(3) with tax ID number 82-5117718.

Scholarships are based on need without regard to gender, race, religion, national, or  ethnic background.

Share by: