Planned Giving: A Legacy of Pride
We’re here, we’re queer, and we’re not going anywhere — thanks to you.
A great way individuals can ensure that Out Boulder County (OBC) is able to meet the diverse needs of our community is by making a bequest or other planned gift to OBC.
If you are ready to begin your legacy with OBC, you can use our free, online will-writing tool as a result of our partnership with FreeWill. FreeWill allows you to create your will and your gift in 20 minutes or less, completely for free. And if you would prefer to finalize your plans with an attorney, you can also use FreeWill to create a set of documented wishes before visiting the lawyer’s office. We’re happy to witness and notarize your will here at our office, just contact Kyl Caragol (he/him) at kcaragol@outboulder.org to arrange a time to finalize your documents!
Everyone needs a legal will, but fewer than 15% of LGBTQ+ people have one (compared with 30% of non-LGBTQ+ people). Wills and planning for the future can seem scary, complicated or expensive, but we’ve partnered with FreeWill to give you and your family (chosen or otherwise) peace of mind.
Even if you are not able to include OBC in your will at this time, please take the 20 minutes to fill one out to protect you and the ones you love.
Further Questions
If you have any further questions about planned giving options, you (or your attorney or advisors) can contact OBC at (303) 499-5777 or email Kyl Caragol (he/him) at kcaragol@outboulder.org. Each inquiry is handled confidentially and places you under no obligation. If you have included or plan to include a gift to OBC in your written estate plan, we hope you will share this information with us so that we can express our gratitude and recognize you as a Legacy Partner.
By making a planned gift, you can continue to make our community a more welcoming, just and inclusive place for LGBTQ+ people and families.
As a community, the LGBTQ+ family survives and thrives by looking out for each other.
Legal barriers to recognition of LGBTQ+ rights in estate planning documentation has historically enabled discrimination toward LGBTQ+ people — but a lot has changed in recent years.
Your estate plan allows you to dictate your wishes on your own terms, protecting your assets and the people that matter most in your life.
“It was an easy choice to give through my will.
LGBTQ+ people have always been here. I want OBC to be here for generations to come.”
Tina Guenther, Legacy Partner
Get peace of mind
Just 20 minutes to create or update your legally-binding will.
Out Boulder County partners with FreeWill to offer a secure, lasting way to create your legacy.
Beneficiary Designations
Did you know?
Having a valid will in place isn’t enough.
Assets you pass on outside of your will are called non-probate assets, and typically include IRAs, 401(k)s, pensions, certain bank and brokerage accounts, and life insurance policies.
If beneficiaries are not properly set for these non-probate assets, the consequences can be stressful and expensive.
Thanks to our partnership with FreeWill, you can easily plan beneficiaries for your non-probate assets in one place.
Report a gift in your will
If you’ve left a gift to Out Boulder County in your estate plan, use the tool below to let us know!
It can often be difficult to plan and make sure your gifts are used in line with your wishes if they are left unknown. But more importantly, we want to say thank you for considering our work as a part of your legacy.
We know that life circumstances can change and you may need to alter or reconsider your gift in the future. That’s all right — reporting your gift today does not obligate you now or in the future.
More free, helpful tools to legally document your plans:
Financial Power of Attorney
A Durable Financial Power of Attorney (DFPA) is a document that lets you appoint someone to manage your finances for you if you ever become unable to do so for yourself.
Separate from a “healthcare” power of attorney (which grants authority to make medical decisions on your behalf), the DFPA puts in place your wishes to provide for your family’s ongoing expenses, file taxes, and even keep your business running in the event you no longer can.
Advanced Healthcare Directives
An Advance Healthcare Directive (AHCD) is a legal document that specifies your wishes for end-of-life healthcare.
Also known as a living will, advance directive, or medical directive, this document designates who should make healthcare decisions on your behalf if you are unable to do so.
Don’t depend on hospitals or unsupportive relatives to make these critical decisions — use the tool below to easily create your free AHCD.
Planned Giving Terminology
Bequest
The most common form of Planned Giving is Bequests. You may select if you would like to donate to OBC’s general operating income or within a program that you are passionate about. With a bequest you’re able to leave a lasting impact on our community. This may also support you in meeting your financial and estate-planning goals since an estate-tax charitable deduction for the entire amount of the gift is permitted.
Retirement Plan Assets
Retirement Plan Assets in qualified (tax-deferred) retirement plans may represent a large portion of your total assets and therefore may be an important factor in planning testamentary charitable gifts. Retirement assets generally considered suitable for charitable gifts include such plans as IRAs, Keoghs, SEPs, 401(k)s, 403(b)s, and ESOPs. Left to family members or friends, these assets are subject to income tax and may also be subject to estate tax and generation skipping transfer tax. Because of this potential double layer of tax, retirement plan assets may be particularly attractive as an asset to leave to Boulder Pride dba Out Boulder. The portion of the plan payable to OBC will generally escape estate taxes, and OBC will not be required to pay income tax on the distributions.
Life Insurance Policies
Naming OBC as a beneficiary of an existing life insurance policy that is no longer needed to provide for dependents offers a simple way to support our community. Since you are the policy owner, the value of the policy will be included in your estate, but an offsetting estate-tax charitable deduction will generally be allowed. You may also be able to assign an existing whole life insurance policy to OBC, irrevocably making us the owner and beneficiary, and claim an income-tax charitable deduction for the lesser of either your basis in the policy or its fair market value in that year.
Tangible Personal Property
Personal property may be donated to Out Boulder County during your lifetime or by bequest. OBC must give special consideration to such gifts before it can accept them, and we advise you to contact us if you are considering donating tangible personal property. Donors of tangible personal property held long term and accepted by OBC may be entitled to claim an immediate income-tax charitable deduction and avoid capital gains taxes.