More than 40 years ago, in 1974, Ed and Gloria Shipman provided shelter to two girls fleeing a bad situation. In this act of kindness, they found their calling, and they opened Happy Hill Farm one year later out of a mobile home in Granbury, Texas.
Today Happy Hill Farm is a vibrant, thriving 500-acre farm and Christian-based boarding school for children who have few other places to turn. Here, kids get a world-class education, a safe and loving home, healthy meals, spiritual guidance, animal therapy, and a place to discover their dreams. It’s amazing how one act of kindness can change your life!
Your act of kindness by including Happy Hill Farm in your estate plans through planned giving will ensure that children will be trained and educated for generations to come.
Planned giving is a method of supporting nonprofits and charities that enables donors to make larger gifts to the organization than they could typically make exclusively from their income. While some planned gifts provide a lifelong income to the donor, others use estate- and tax-planning techniques to provide for charity and other heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.
You may be wondering how to include Happy Hill Farm in your will or estate. Writing a bequest is often one of the easiest ways. There are three different ways you can make a bequest:
You designate a specific dollar amount, specific percentage, or specific property to Happy Hill Farm. Example language for a Specific Bequest: “I bequeath to Happy Hill Farm the sum of $___________ (or asset) to be used for its general support (or for the support of a specific fund or program).”
Your estate will pay all debts, taxes, expenses, and specific bequests. The remaining amount, “the residue,” will then be transferred to Happy Hill Farm. Example language for a Residual Bequest: “I bequeath to Happy Hill Farm all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).”
You can ask that Happy Hill Farm receive all or a portion of your estate only under certain circumstances. Example language for a Contingent Bequest: “If (insert name) is not living at the time of my demise, I bequeath to Happy Hill Farm the sum of $_______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).”
Because there are many options for making a planned gift, sometimes the process and tax benefits can seem overwhelming. Our Board of Directors realizes the impact planned giving can have for Happy Hill Farm as well as for our donors. In fact, one of our Board members has graciously made available the services of PhilanthroCorp to provide complimentary consultations on planned giving for our donors. They can walk you through everything from a simple bequest to other types of planned gifts and more!
If you would like to secure a complimentary consultation with PhilanthroCorp, please provide your name, phone number, and email in the box below or call us at 254.897.4822. We will have a representative from PhilanthroCorp contact you directly to schedule your private, complimentary consultation.
**Note: The material presented in this publication is not offered as legal or tax advice.