Forever Woolman

Woolman at Sierra Friends Center has a history for 60 years of transformation in the community.  Woolman has a long history of dedicated and alumni and community supporters. If you have a passion for the Woolman mission and values, we ask you to consider us as your non-profit charity of choice when you think of making a perpetual impact in future generations.  Making a planned gift is a way for you to be honored today for a gift you make tomorrow.

A planned gift can take many forms and offers the opportunity to create significant and sustaining impact for our organization.  Some examples of a planned gift include: bequests, trusts, life estates, and gift annuities. Gifts of life insurance will be recognized at cash value until maturity of the policy.

If you have included Woolman at Sierra Friends Center Foundation in your estate plans, please let us know by contacting:

Marty Coleman
Interim Executive Director
(530) 913-9246
martyc-h@woolman.org

College Park Friends Educational Association dba Woolman. Tax ID 94-1507823

How to Plan your Giving:

This information is not intended to be legal or tax advice.

Bequest:

Have you ever considered Woolman at Sierra Friends Center as a place you want to support for the next several generations? This type of legacy gift creates significant impact for the future of the organization in a memorialized way.  If Woolman has made a difference in your life, please consider paying that passion forward.  If you are considering leaving Woolman in your will, the following language can be used as a reference: I give to Woolman at Sierra Friends Center (a specific amount, an asset, or a percentage of the estate). Tax ID # Tax ID 94-1507823.  Please consult with your tax and legal advisor as the specific wording can change based on state law.

Marketable Securities:

These types of gifts can include stocks, bonds or shares of mutual funds.  These gifts can have tax advantages over cash and can be made quickly and easily. These gifts can offer tax benefits and a significant tax deduction.  Please consult your tax and legal consultant for specific financial advice.

IRA Charitable Rollover:

To avoid paying tax on your required minimum distribution and being pushed into a higher tax bracket, many of those with IRA’s choose to use the IRA Charitable Rollover.  If you are 70 ½ years old or older, you may be able to take advantage of this opportunity that can benefit you and Woolman at Sierra Friends Center.  You may be able tgive up to $100,000 from your IRA directly to Woolman without having to pay taxes on the donation.  Consult directly with your IRA administrator and tax advisor for specific financial advice.

Retirement Funds:

For those who may have significant retirement assets, potential estate and income taxes on any part of those assets that might still be in one’s estate at death may be avoided by making Woolman at Sierra Friends Center the beneficiary of any unused planned assets.

Life Insurance:

When the added protection of an insurance plan is no longer needed, it is possible to transfer the ownership of such a plan to Woolman at Sierra Friends Center.  This can result in taxable benefits and a generous gift to the future of Woolman.  You may also include Woolman at Sierra Friends Center in a variety of ways including as a beneficiary, contingent beneficiary, or owner of a new/existing policy. Always consultant with your professional legal or tax advisors first.

Charitable Remainder Trusts:

This special kind of trust enable a donor to make a future gift to Woolman at Sierra Friends Center after providing for their family and heirs.  The donor establishes a trust to provide income to their beneficiaries upon their passing with the provision that the principal remaining in the trust is to go to the designated charity after the passing of the last beneficiary.

For financial resource specialists who practice Quaker values and assist Woolman at Sierra Friends Center with additional resources, please visit https://friendsfiduciary.org/

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