Bequests

Leaving your legacy for children and adults with disabilities is one of the most significant ways to support Community Gatepath. Your personal investment will enable Gatepath to continue “Turning Disabilities Into Possibilities” for generations to come.  It may also benefit your personal, financial and tax circumstances. Here are some common ways to make a legacy gift to Gatepath:   

Bequests: A bequest, or gift made through your will, allows you to designate a recipient of a particular asset or a share of your total estate (after taxes). A charitable bequest is the most important type of gift for building Gatepath’s endowment.  You may also receive a reduction in your gift and estate taxes. For more information, please contact Gabrielle Karampelas at 650-259-8532 or by e-mail.

Beneficiary Designations: When designations are made, these gifts bypass probate and go directly to all beneficiaries. To designate Gatepath a beneficiary, complete the appropriate beneficiary designation form. When completing this form, simply name Gatepath as a full or partial beneficiary and provide our tax identification number (94-115-6502). Some common designation options include:

Retirement Plans [e.g., traditional IRA, Keogh, 401(k)]: Including Gatepath as a beneficiary enables you to avoid substantial income taxes that would have been due if a retirement plan were left to non-spousal heirs. It is strongly advised that you name Gatepath as a beneficiary of a retirement plan through your designation form and not through your will, which may jeopardize tax benefits.

Insurance Policies: There are a number of ways you can name Gatepath as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold. Such a gift may provide you with current and future tax benefits.

Savings Accounts: Designating Gatepath as a beneficiary of a savings account is simple and allows full use of savings during your life.

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