If you want to make a significant gift but don’t want to part with funds today or have assets you no longer need, we have several simple solutions.
Make a bequest by naming Parkland in your will or trust. If your documents are already in place you can add an addendum to a trust or a codicil to your will.
You can name Parkland as the beneficiary of a retirement plan, life insurance policy, bank or investment accounts and real estate. Giving retirement plan assets to charity and other assets to your loved ones may mean your loved ones get more.
To name Parkland Foundation as a beneficiary, contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form and include this information: Parkland Foundation, Dallas, Texas, Taxpayer Identification Number: 75-2089180.
Then notify us so we can thank you for your gift and welcome you to the 1894 Society!
If you or someone you know is 70 ½ or older consider a tax-free gift from an IRA directly to a qualified charity such as Parkland. This gift counts towards the required minimum distribution and no taxes are paid on the charitable distribution.
Do you have mineral rights and no longer need the income? Do you have stocks that are worth more than you paid for them? Do you own property that is no longer useful or wanted, such as rental property or a vacation home? Do you have artwork or antiques that you no longer enjoy? Do you live in home that won’t be passed on to children? These are all giving opportunities that may have never crossed your mind.
Questions? For more information contact Kent C. Weimer, director of trusts, estates and gift planning, at kent.weimer@phhs.org or 214-266-2036.