Designate us as a beneficiary of your will or trust.

Wording for Wills

I bequeath to The Spring of Tampa Bay, Inc., a nonprofit corporation in Hillsborough County, Florida whose business address is P.O. Box 5147, Tampa FL 33675, (________dollars) (or a particular asset) (or _____ percent of the remainder or residue of my estate) for (its areas of greatest need) (or for a specific program or service).

Codicils and Amendments

If you do not want to rewrite your estate documents, you can still remember The Spring by using a codicil to your will or an amendment to your trust. Usually, the cost of doing this is significantly lower than writing a new will or trust.

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include The Spring as one of the beneficiary of your policy.

You can donate your unused retirement assets, such as your IRA, 401 (k). 403(b), pension or other tax-deferred plans. Each of these plans contain income that as yet to be taxed. When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax. Consider leaving your beneficiaries less heavily taxed assets and leave your retirement plan assets to The Spring. As a nonprofit, we are tax-exempt and will receive the full amount of what you designated to us from your plan. Also, your estate will benefit from an estate tax charitable deduction for the gift.

To leave your retirement assets to The Spring, you will need to complete a beneficiary designation form provided by your retirement plan custodian.

You can donate shares of stock, bonds, and mutual funds directly to The Spring of Tampa Bay. If the securities you own have appreciated in value, you will have to pay capital gains tax when you sell them. However, if you donate them, you completely avoid the capital gains tax, yet you can still claim a charitable deduction for the full market value.

You may make a gift of stocks and bonds through electronic transfer or by certified mail. Please contact The Spring for instructions.

There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.