Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to support the excellence and the continuance of Catholic elementary schools on Long Island for years to come — and they don’t cost anything now.
If you have already included a gift in your estate plans to benefit the future of Tomorrow’s Hope Foundation, be sure to let us know so that we may best honor your wishes.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Tomorrow’s Hope Foundation. Once you have provided for your loved ones, we hope you will consider making Tomorrow’s Hope Foundation part of your life story through a legacy gift.
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A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
LASTING IMPACT
Your gift will create your legacy of helping Catholic schools and students on Long Island.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
NO COST
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
General gift
A general bequest is a gift of a specific amount.
Residuary gift
Specific gift
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Tomorrow’s Hope Foundation or your local council contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in our programs dedicated to providing all students the opportunity to receive a quality Catholic education — and it costs you nothing now.
By naming Tomorrow’s Hope Foundation as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of supporting the Catholic leaders of tomorrow.
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Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with Tomorrow’s Hope Foundation
Types of Gifts
Retirement plan assets
You can simply name Tomorrow’s Hope Foundation as a beneficiary of your retirement plan to support Catholic elementary schools and students on Long Island.
Life insurance policies
You can name Tomorrow’s Hope Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Tomorrow’s Hope Foundation will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Tomorrow’s Hope Foundation (Tax ID: 84-4265021) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward ensuring the excellence of Catholic elementary education for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Tomorrow’s Hope Foundation as a “successor” of your account or a portion of your account value, you enable all underserved students the opportunity to receive a quality Catholic elementary education.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Tomorrow’s Hope Foundation II, Inc.
Include our tax identification number: 84-4265021
Please let us know so we can ensure that your wishes are carried out.
