Optimize Your Legacy with Planned Giving

A gift in a will is an easy way to support Bellevue children without costing you anything now. By including us in your will or trust, you can create a legacy and ensure that Bellevue LifeSpring is here to support Bellevue children for generations to come. 

Once you have provided for your loved ones, we hope you will consider making the well-being of Bellevue children part of your life story through a gift in your will. 

Sample Language:

The following language may help you and your attorney when drawing up a bequest that meets your needs.

Suggested Bequest Language for Your Will

Unrestricted bequest
I give, devise and bequeath [identify here a specific sum of money or a specific asset] to Overlake Service League DBA Bellevue LifeSpring, P.O. Box 50172, Bellevue, WA  98015, Federal Tax ID 91-0658331, to be used for the benefit of Overlake Service League DBA Bellevue LifeSpring, P.O. Box 50172, Bellevue, WA  98015, in such a manner as the Board of Trustees thereof may direct.

Contingent
In the event that all of the above-named beneficiaries shall not survive me, or shall die ninety (90) days from the date of my death, then I give, devise and bequeath [identify here a specific sum of money, a specific asset or the portion of the residual estate that would have been given to the primary beneficiary] to Overlake Service League DBA Bellevue LifeSpring, P.O. Box 50172, Bellevue, WA  98015, Federal Tax ID 91-0658331, to be used for the benefit of Overlake Service League DBA Bellevue LifeSpring, P.O. Box 50172, Bellevue, WA  98015, in such a manner as the Board of Trustees thereof may direct.

Note
Many friends of Bellevue LifeSpring wish to support a specific project or program. Please contact Travis Thompson at travist@BellevueLifeSpring.org for specific language for your situation.

Legal Information
Legal name: Overlake Service League DBA Bellevue LifeSpring
Address: P.O. Box 50172, Bellevue, WA  98015
Federal Tax ID number: 91-0658331

When it’s time to update your will, you can use a codicil, an addition or supplement that explains or modifies your existing will. Click here to view sample codicil.

If you are 70½ or older, you may be able to take advantage of your IRA to make tax-smart charitable gifts to Bellevue LifeSpring. By requesting a qualified charitable distribution (QCD) or charitable rollover from your IRA, you can direct up to $105,000 each calendar year to eligible charities—including Bellevue LifeSpring. This is an effective way to have an immediate impact and prevent hunger and homelessness for Bellevue children.

Here’s how it works:

• You must be 70½ or older.
• An individual may transfer up to a total of $105,000 per year and a married couple may give up to $210,000.
• An individual may take a one-time QCD up to $53,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
• Your gift must be transferred directly from the IRA account to Bellevue LifeSpring.
• Your gift is a tax-free transfer of funds from your IRA to Bellevue LifeSpring, so it does not create taxable income for you and is not considered a charitable tax deduction.
• If you are 73 or older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.

Click here to watch a helpful video from MarketSmart on how a Qualified Charitable Distribution (QCD) from your IRA works.

You can use stocks, bonds, and mutual funds that have appreciated in value to support our shared vision that financial hardships should not hinder children’s educational experiences. When you make a gift of appreciated securities to Bellevue LifeSpring, you may receive a charitable income tax deduction for the full market value (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on the increase in the value.

For more information on how to make a gift of stock, mutual fund, or U.S. government bonds, contact Travis Thompson at travist@BellevueLifeSpring.org or find additional instructions below.

Stock or mutual funds for Bellevue LifeSpring:

Legal Name: Overlake Service League DBA Bellevue LifeSpring

Account information:

• Bank Name: Charles Schwab and Co., Inc.
• DTC Clearing #0164, code 40
• Bellevue LifeSpring Account Number: 35676983

Wire Transfers:

Legal Name: Overlake Service League DBA Bellevue LifeSpring.

Account Information:

• Bank Name: Wells Fargo:
• Domestic Wire Transfer Routing Number: 121000248
• Checking Account Number: 3546164769