If ensuring all individuals with speech or hearing impairments have access to the services and equipment they need, regardless of their ability to pay, is important to you, talk to a professional about including a specific or residual bequest in your will.
Legacy giving is a powerful statement to others of your belief in our mission and extends your caring for The Speech & Hearing Center well beyond your lifetime.
Using estate planning methods may create exemptions from capital gains taxes, which can reduce costly estate or probate taxes within present tax laws.
Planned Giving Opportunities
- An outright gift of cash or personal property
- A donation of stocks/securities
- A specific amount, percentage of, or residual amount of estate
- Retirement plans
- Insurance plans
Gifts may be restricted or unrestricted. An unrestricted gift is one that is intended for the general support of the Center and is used at the discretion of the Board of Directors and management. While unrestricted bequests are of particular value because of the flexibility allowed in application of funds, the Center realizes many of our supporters have a special connection to particular programs and choose to make a specific request. Therefore, we welcome restricted bequests.
Since a bequest will likely not be received by the Center until far into the future, we ask that its terms be as general as possible to avoid a gift benefiting a project that is no longer active or with terms that will be difficult to meet. If you are considering a bequest for a specific purpose, please call our office to discuss your wishes.
How to Make a Planned Gift
The first step is talking with your estate attorney, tax preparer or financial planner. He or she will help you decide on the type of gift that is most beneficial to you now and into the future.
Information Your Attorney Will Need
If you already have a will and would like to remember The Speech & Hearing Center, your attorney could include us easily with a sentence (codicil) such as: “I hereby give $_______ (specific amount, specific asset, ____% of my estate, or ____% of the residuary of my estate after settling) to The Speech & Hearing Center, a not-for profit charitable corporation incorporated in Chattanooga, Tennessee and presently located at 2212 Encompass Drive, Suite 148.”
If you are drafting a new will or trust, your attorney will need the following legal information:
- Legal name: The Speech & Hearing Center
- Mailing Address: 2212 Encompass Drive, Suite 148, Chattanooga, TN 37421
- Phone: 423-622-6900
- Tax ID #: 62-0526644
The Speech & Hearing Center is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Gifts and bequests to the Center are deductible to the extent permitted by law for income, gift and estate tax purposes.
Why it Makes a Difference
When choosing to honor The Speech & Hearing Center with a planned gift, you are making a lasting donation to enhance communication and enrich the lives of local individuals of all ages and incomes who are impacted by hearing and speech impairments. Your support will help to improve quality of life in our area by minimizing the effects of communication disorders on education, employment and social wellbeing. This is a decision with long-lasting positive outcomes.