Support the Center through your Estate

You can name the Center as a beneficiary of your will or living trust document to continue your legacy of healing racism. You may include special instructions if there are programs you prefer to support. Indicate the dollar amount or the total percentage of your estate for your bequest, or designate any specific investments or real estate to be distributed to the Center.
If you include the Center in your will or beneficiary designation, please use the following bequest language:
The Center for the Healing of Racism
P.O. Box 27327
Houston, TX 77227-7327
Tax ID number: 76-0314445

By donating your life insurance you will be leaving much-needed funds directly to the Center without the need for plan administrators, financial advisors, attorneys or courts to approve the gift. To name the Center as the beneficiary of your life insurance, please request a beneficiary designation form from your life insurance agent and identify The Center for the Healing of Racism by using the bequest language above.

Designating the Center for the Healing of Racism as the beneficiary on your IRA or retirement plan is usually the most tax-efficient way for you to include us in your estate plan, as it reduces the income tax to your heirs and could qualify for the estate tax charitable deduction. If you are over age 70 ½, you can direct your required minimum distribution to be paid to the Center during your lifetime, which depending on your circumstances may reduce the income tax on your Social Security benefits and other income. Ask your broker about a “qualified charitable distribution.” To name the Center as the beneficiary of your IRA or retirement plan, please request a beneficiary designation form from your Plan Administrator and name the Center for the Healing of Racism as the beneficiary using the bequest language above.

The Center can receive your donation in the form of publicly-traded stocks and bonds. There is a special income tax incentive for gifts of appreciated securities held more than one year. The capital gains tax on the appreciation is avoided, and the full fair market value of the securities are treated as a charitable contribution.

Other options that you may consider include charitable remainder trusts, charitable lead trusts, and making bank or securities accounts “Payable on death” to the Center. Please consult your tax advisor and legal counsel to decide which one is best suitable for your personal situation.