Legacy Giving

Partner for Life with LifeROOTS!

Thank you so much for your support of LifeROOTS.   Your dedication to our mission enables LifeROOTS to provide people with disabilities and their families the resources and support they need to empower their lives and shape their futures.

As you continue your personal financial planning for your future, , we would like you to consider a planned gift to LifeROOTS through your will or trust that allows you to save money for the future through tax benefits/major tax savings — while giving to others in a lasting way.  A planned gift (or “legacy gift”)  is a simple, smart and effective way for you to ensure that you not only best meet your current and future financial goals, but leave behind a legacy of helping those with disabilities through your contributions that enable us to continue to provide the programs and services that help so many in our community.

Since 1958, our organization has evolved with the needs of our clients and the changing expectations our community sets for the contributions individuals with disabilities can provide.  Your legacy gift will allow LifeROOTS to expand opportunities and services for our clients.

There are several types of planned giving, but the most popular are bequests, charitable gift annuities, trusts, and pooled income funds.

  • Bequests: These make up the majority of most planned gifts. Anyone can make a bequest to a nonprofit through their will or estate plan. Donors can allocate a specific amount of money to give after they die, either in a lump sum or a percentage of their total wealth, or they can choose to give the remainder of their estate to a nonprofit after all of their other bequests are paid.
  • Charitable gift annuitiesThis is an agreement in which the donor gives a large gift to a nonprofit, receives a tax deduction at the time of the gift, and then receives payments from the nonprofit during their lifetime. The nonprofit may invest the money to grow its income, and after the donor’s death, the nonprofit can use the remaining donation.
  • Charitable trusts: Charitable remainder trusts are tax-exempt, irrevocable trusts that make annual payments to the beneficiaries for a certain amount of time, and then donate the remainder to a nonprofit. Charitable lead trustsare similar, except that the annual payments go to the nonprofit for a certain period of time, and the remainder goes to the beneficiaries.
  • Pooled income funds: These are charitable trusts that are established by nonprofit organizations. Donors contribute to the fund, the nonprofit invests the contributions, and it pays dividends to the donors during their lifetimes. The fund distributes the remaining assets to the designated charity or charities.

Do you want to leave a legacy? Add a gift to us in your will. It’s simple — talk with your attorney and consider language such as:

I give, devise and bequeath to the LifeROOTS Inc., a 501(c)(3) nonprofit corporation, located in Albuquerque, New Mexico, (describe dollar amount, property to be given or proportion of your residuary estate) for its general charitable purposes, subject to the approval of the Board of Directors.

A planned gift to LifeROOTS enables you to both meet your financial and estate planning goals, while giving back to others in a truly meaningful way for many years to come.  Call or email us today to learn more about specific ways to incorporate LifeROOTS in your financial planning with a planned gift that will mean so much in helping to “empower the lives and shape the futures” of so many people, and which will continue to be a lasting legacy for future generations.