90-Year-Old Girl Scout Reminisces About "Ancient History"
As a Girl Scout, Barbara Marsh received the Golden Eaglet Pin, as shown above.
Barbara Marsh's Girl Scout days were such a rich part of her life as a young woman, so she was thrilled to learn that part of her estate could support girls' programs into the future. This note from Barbara details her sentiment:
Thank you for the reminder of including the Girl Scouts in my will. I was an avid Girl Scout from age 10 until senior high school. Those were wonderful years! I was very active and was awarded the Golden Eaglet Pin, of which I am most proud.
In fact, Girl Scouting was a family affair. My mother was a troop leader, member of the council, and, finally commissioner of Girl Scouting in our town of Dedham. I also went to Camp Wind-in-the-Pines in Plymouth during the summer and loved every minute.
This, I know, is ancient history but I just wanted you to know I have never forgotten my Girl Scout years...I'm 90 now! Please let me know the language I'm to use to include in my will. Thank you.
What Are Your Favorite Memories?
Barbara can still tell us about her troop leader, Mrs. Hall, and her days in the school gym marching in straight lines and learning from a visiting nurse to correctly tie bandages and make a bed. An avid swimmer her whole life, she loves to tell about her Girl Scout camp experiences of swimming in the lake and learning to canoe.
We'd love to hear about your Girl Scout days. Contact Harriet Hessam at (212) 852-8054 or firstname.lastname@example.org today.
Are You Interested in Including Girl Scouts in Your Will?
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Girl Scouts of the United States of America 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 give to Girl Scouts of the United States of America, a nonprofit corporation currently located at 420 Fifth Avenue, New York, NY 10018-2798, or its successor thereto, ______________* [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 Girl Scouts 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.
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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 Girl Scouts as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 Girl Scouts 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 Girl Scouts where you agree to make a gift to Girl Scouts 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.