With a Will, There’s a Way

Create Your Vision for the Future with This Important Document

Momentous events like a milestone birthday, a marriage, or retirement are a time to celebrate and reflect on your life and what the future might hold. It’s also a chance to think about the legacy you hope to pass onto future generations. A legacy is more than a collection of valuable assets; it also includes the values that define who you are.

One way you can ensure that your values endure is through will planning. Will planning is the highly personal process of deciding how your estate will be distributed after your lifetime, and the impact your bequests can have on carrying on your values. In addition to bequests to family and friends, you can include in your will charities that align with your values.

Because you value the work Horizons Foundation and the future of the LGBTQ community is important to you, consider a bequest to the LGBTQ Community Endowment. See our sample bequest language.

Start at the Beginning

Create a will. Through this important document, you can direct the division of your property the way you choose. Download our free Guide to Making Your Will brochure here.

Already have a will? Don’t set it and forget it! Review it every couple of years to ensure that it has kept pace with your life. Events like a new marriage, adoption, birth, or death of a family member are important times to review your will and make sure it still protects you and the people you love.

Go a Step Further

Share your intentions with your heirs and loved ones. If supporting Horizons is a part of your future plans, tell them why our work is important to you. These conversations help ensure that your family understands your intentions.

Professional Advice

Wonder who to ask to draft your will? Check out Horizons’ online Directory of Professional Advisors for the LGBT Community.

Take Control of Your Legacy

Contact April Hopkins at (415) 398-2333 x114 or ahopkins@horizonsfoundation.org and get started creating a plan that protects the important people and causes in your life.

Other ways to leave a legacy for Horizons Foundation can be found at plannedgiving.horizonsfoundation.org.

A charitable bequest is one or two sentences in your will or living trust that leave to Horizons Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Horizons Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Horizons or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Horizons where you agree to make a gift to Horizons and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.