A planned gift, such as a bequest in your will, a trust, a gift of life insurance or assets, has many benefits. In some cases, it is as easy as writing “Junior Achievement of Washington” as the beneficiary. Of course, there may be tax advantages or the ability to increase your income and save assets for the benefit of your survivors. Most importantly, each gift received will demonstrate your commitment to the success of our young people.
Meaningful Ways for You to Make a Lasting Impact
Stock or Assets: A gift of cash or other assets such as stocks and mutual funds (any amount) will help build the endowment immediately.
Life Insurance: Complete a “change of beneficiary form” for an existing policy. Transfer ownership of an existing policy or purchase a new policy and make Junior Achievement’s Endowment Fund the owner and irrevocable beneficiary.
Retirement Funds: Leave a percentage of your retirement fund to Junior achievement of Washington. Complete a “change of beneficiary form” for an IRA or other retirement fund.
Charitable Bequest: A gift designated in your will that becomes available to JA after the individual’s lifetime.
Charitable Gift Annuity: A combination of a gift JA and an annuity. Since part of the annuity payment is a tax‐free return of principal, the gift annuity may provide the donor with a very substantial income. After all payments have been made for the lives of the annuitant, JA will benefit from the charitable gift.
Charitable Remainder Annuity Trust (CRAT): Highly appreciated, low yield property may be transferred into a living remainder annuity trust. The annuity amount will be fixed and will not change regardless of the value of the trust principal or the return of the trust. JA will receive the trust principal after all income payments have been completed.
Charitable Remainder Unitrust (CRUT): Similar to the CRAT, but the amount paid may vary as the rate of return is re‐evaluated annually based on market conditions and the return on the trust. The individual selects an annuity amount or a percent of the initial fair market value that will be paid for one or two lifetimes. The annuity amount will be fixed and will not change regardless of the value of the trust principal or the return of the trust. JA receives the trust principal after all income payments have been completed.
Charitable Lead Trust: Property is transferred into a trust permitting a fixed annuity to be distributed each year to JA for a chosen number of years. At the end of the chosen term of years, principal is distributed to family members.
Retained Life Estate: A donor can contribute a primary personal residence, second home or a farm to JA and continue to occupy the property until death. The donor benefits from an irrevocable donation JA, current income tax deduction, and continued enjoyment of property for lifetime.