Leave a legacy that will change lives for many years to come with planned giving to ACO…
By including All Community Outreach (ACO) in your will or trust, you are making a gift that will continue to change lives into the future. You can direct that a portion of your assets be delivered to Collin County’s human services organization to assist its mission to prevent hunger and homelessness and to provide a path to financial stability for neighbors in need.
Creating a gift to ACO can be as simple as including a single sentence in your will or trust. That one line can direct a specific dollar amount or percentage of your estate to ACO’s operating funds to support programs and services or to ACO’s endowment to help grow the fund and secure the future of the organization. Certain gift levels may also be acknowledged and displayed on ACO’s GLENDA MAY GIVING WALL, which acknowledges major donors to the organization.
In addition to assets covered by your will, you may have other items which will pass outside of your will or trust, such as stocks, insurance policies and retirement accounts. You can make designations on such assets to make them payable or transferable on death to ACO.
Your attorney and investment advisor can best advise you on insuring that your wishes are followed. They can also talk with you about revocability of such gifts, and the tax benefits they offer. Different types of gifts they can discuss with you include:
Specific Bequest: This is a gift of a certain item, such as real estate, a car, an amount of money or other asset. It could also designate a percentage of your estate.
Contingent Bequest: This bequest is made on the condition that a certain event must occur before distribution to the beneficiary.
Unrestricted Bequest: This is a gift without conditions that allows ACO to determine the wisest and most pressing need for the funds at the time of receipt.
Restricted Bequest: This is a gift dedicated for a specific purpose or program, such as hunger initiatives through ACO Food Pantry, or educational opportunities through the Kiser-Covington ACO Learning Center. Other programs include ACO KIDS Summer Food Program, ACO’s North Pole Gifts and Toys, ACO Fill The Bus for new school supplies and backpacks, and services through ACO Employment Center.
Honorary/Memorial Bequest: This gift is made “In honor of” or “memory of” yourself, your family’s name, or on behalf of someone else.
Gift to All Community Outreach’s Endowment Fund: This fund is invested to provide long-term support for the organization. Gifts to this fund are retained to provide growth through investments. A portion of the proceeds from the investments may be drawn annually if necessary.
Important information to be included in your planned giving:
Legal Name: ALLEN COMMUNITY OUTREACH (dba All Community Outreach)
Entity: 501(c)3 nonprofit corporation
Federal Tax ID #: 75-198-6190
Mailing Address: 801 E. Main Street, Allen TX 75002
For more information contact: Rhonda Ptak, Community Development Officer, rptak@acocares.org
As with all important financial transactions, expert advice is essential. You should always consult with your personal legal and financial advisors for legal and tax advice. Thank you for your consideration of ACO in your planning.