Leave a Legacy

LEAVE A LEGACY!

LARC, Inc. of Lee County has been paving the way to a more improved quality of life for children and adults with developmental disabilities, and their families since 1954. LARC will continue that tradition through the lasting legacy of our esteemed supporters. Find out how below…

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YOUR LEGACY AT LARC, INC.

At LARC Inc., we appreciate the value of your legacy. We know that your decision to include LARC in your estate, through a planned gift, is a validation of our mission to provide dignified and productive care to men, women and children with intellectual and developmental disabilities. We would be honored to thank and recognize you for your contribution to the future of LARC, and to the dedicated individuals who come to work every day to give the patient and compassionate care to those they serve.

Members of LARC Legacy have expressed their commitment with a very special and important form of financial support.

Your membership involves no dues, obligations, or solicitations, but it does allow us to thank you and recognize you for the plans you have made, and it may inspire generosity in others.

Gifts of Stock and Appreciated Assets

How it Works

  • You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to LARC, Inc.
  • LARC sells your securities and uses the proceeds for its programs.
  • Ask your Trust Advisor for the appropriate forms to facilitate the gift.

Benefits

  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.
  • You pay no capital gains tax on the transfer when the stock is sold.
  • Giving appreciated stock could be more beneficial than giving cash.
Gifts from your Will or Trust

How it Works

  • Include a bequest to LARC in your will or trust. Ask your Trust Advisor for the appropriate language needed to include LARC in your will or trust.
  •  Make your bequest unrestricted or direct it to a specific purpose.
  • Indicate a specific amount or a percentage of the balance remaining in your estate or trust.

Benefits

  • Your assets remain in your control during your lifetime.
  • You can modify your gift to address changing circumstances.
  • You can direct your gift to a particular purpose (please check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
A Gift with Life Insurance

You can make a substantial gift by naming LARC as beneficiary or owner of your life insurance policy. Often, donating life insurance enables you to make a larger gift to LARC than you otherwise could.

If you have an existing life insurance policy that is no longer needed to protect your children, your spouse, or your business interest, you can name LARC as the policy’s beneficiary. Because the beneficiary designation is a revocable gift, you are not entitled to an income tax deduction. However, the value of the policy is deductible from your taxable estate. If you also transfer ownership of the policy to LARC, you can immediately deduct the current value of the policy from your income taxes; if you are still paying premiums, you can deduct the cost of those premiums each year.

You also can purchase a new life insurance policy to benefit LARC. With LARC designated as the owner and beneficiary, you are entitled to an income tax deduction for your initial contribution and the premium payments each year.

This type of gift is easy to make and can be done at no cost. Simply obtain a designated beneficiary form from your insurance company and name “LARC, Inc.” as one of your beneficiaries.

Contact Angela Katz, Development Director, for more information.

THE TAX IDENTIFICATION NUMBER FOR LARC, INC. IS 59-0968911, AND QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL FREE 1-800-435-7352 WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL OR RECOMMENDATION BY THE STATE.