Giving through your Estate Plan – Dupont Circle Village

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Including DCV in your estate plan ensures we remain a valuable resource for future generations of older adults. Planned gifts, given from your assets rather than your income, can be larger and may provide significant tax and other benefits.

Charitable Bequest in Your Will
A charitable bequest in your will allows you to enjoy your assets during your lifetime while leaving a meaningful legacy for the future at your death. Including DCV in your estate plan can be done in various ways.
Usable Assets

Cash

Investments (stocks, bonds, ETFs, mutual funds, CDs)

Personal Property (vehicles, art, jewelry, etc.)

Real Property (residences, commercial property)
Donor Benefits

Save on estate taxes

Flexibility to give specific amounts or percentages of assets or your estate

Enjoy the freedom to change your mind at any time

Fund your gift with a wide variety of asset types

Set an example of generosity for future generations of your family

Easily scale your gift to include DCV and your other heirs

Create a back-up plan for your assets if you outlive your heirs

Magnify your giving power beyond the limits of your current income or other assets

Experience the fulfillment of supporting the Village with a future gift

Enjoy recognition or give anonymously

We have more information on including DCV in your will. Learn More
Gifts from Retirement Accounts
Many individuals do not fully utilize their retirement assets during their lifetime. Donating such assets can be a powerful way to ensure that your hard-earned retirement savings leave a meaningful legacy.
Usable Assets

Traditional IRA

Roth IRA

SEP IRA

401(k) plan

403(b) plan

Some pension plans

Other tax-deferred savings plans
Donor Benefits

Avoid income tax burdens placed on your heirs who receive your retirement assets

Save on estate taxes

Preserve more tax-efficient assets for transfers to other heirs

Avoid double taxation for very large estates

Enjoy the freedom to change your mind at any time

Give easily, quickly, and without the effort and expense of creating or revising your will

Magnify your giving power beyond the limits of your current income or other assets

Enjoy recognition or give anonymously

We have more information on using your Retirement Assets. Learn More
Gifts of Financial Assets
You can easily donate assets held in various financial accounts at your death by using a POD (payable on death) or TOD (transfer on death) designation. The POD designation or TOD designation means that DCV receives whatever is in the account at your death, to the extent that you provide.

POD designations are used for checking and savings accounts, CDs, and savings bonds. TOD designations are used for brokerage accounts. Creating a POD or TOD designation can take just a few minutes with your financial institution. Neither designation can be used with IRA, 401(k), or 403(b) retirement accounts (which require a beneficiary designation). [link to Retirement Accounts].
Usable Assets

Checking accounts

Savings accounts

CDs

Savings bonds

Brokerage accounts
Donor Benefits

Avoid probate and simplify estate administration for your executor

Retain control of your financial assets during your lifetime

Enjoy the freedom to change your mind at any time

Save on estate taxes

Maintain your privacy by giving confidentially (unlike probated assets that become part of the public record)

Give easily, quickly, and without the effort and expense of creating or revising your will

Preserve your current assets for your own use throughout your lifetime

Enjoy recognition or give anonymously
Information for the POD or TOD to give to your financial institution:

POD or TOD: Dupont Circle Village, Inc.

Federal Tax ID/EIN #: 26-3702387

Address: 2121 Decatur Place, NW, Washington, DC 20008

Phone: 202-436-5252

Email: execdir@dupontcirclevillage.net

Attention: Eva Lucero, Executive Director
Gifts from Life Insurance
There are two ways that your life insurance policy can support DCV. One way is to name Dupont Circle Village as a beneficiary of all or a portion of your life insurance at death. The other way is to transfer ownership of your existing whole life insurance policy to DCV.
Usable Assets

Beneficiary designation on any existing life insurance.

Transfer of ownership of existing whole life insurance policy
Donor Benefits

Magnify your giving power beyond the limits of your current income or other assets

Claim an immediate income tax deduction

Claim an income tax deduction for future premiums you may choose to pay on DCV’s behalf after you transfer ownership of a whole life policy

Save on estate taxes

Avoid complex gifts that require more assistance from legal and financial professionals

Give generously without affecting your current income or assets

Enjoy the freedom to change your mind at any time if you name DCV as a beneficiary

Give easily, quickly, and without the effort and expense of creating or revising your will

Support the Village and care for your loved ones by naming multiple beneficiaries

Experience the fulfillment of supporting DCV with a gift that has immediate impact in your lifetime if you transfer a whole life policy to DCV

Enjoy recognition as a Village Legacy Society member or give anonymously

We have more information about using life insurance to benefit DCV. Learn More