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Planned Giving

Create a lasting legacy by choosing to make a planned gift to Adult & Teen Challenge of Texas.

Gifts of Will or Trust

planned givingRemembering Adult & Teen Challenge of Texas in your will or trust is a great way to making a lasting impact without affecting your cash flow today. This gift type is also known as a bequest. Arrange a bequest from your Will or Trust by using sample bequest language found here.

If you don’t have a Will or Trust and are interested in creating one, AG Financial’s Planned Giving Dept. can help you do so, often with little to no legal fees.  

Name Adult & Teen Challenge as a Beneficiary of Your Life Insurance Policy  

Simply contact your life insurance provider, retirement plan administrator, and/or bank or financial institution to fill out and file the appropriate beneficiary designation form(s) or payable on death (POD) form(s). Below is information for your paperwork, including Adult & Teen Challenge’s legal name and Tax ID number.

Legal name: Adult & Teen Challenge of Texas
Address: 3850 S. Loop 1604 W. San Antonio, TX 78264
Tax ID Number: 74-1816616  

Name Adult & Teen Challenge as a Beneficiary of Your Retirement Plans or Bank Accounts

Like life insurance, the easiest way to help Adult & Teen Challenge of Texas is to name it as first, second, or last beneficiary of all or part of whatever is remaining in your retirement fund at the time of death. If your retirement plan is with your employer, simply ask for a change of beneficiary form.

Tax Benefits When Giving Through this Method

  • All 401(k)s and 403 (b)s pass tax-free to one’s spouse, but will be taxed as ordinary income at both federal and state levels.
  • No taxes are levied if donated to your favorite charities. Due to high tax rates, many supporters have found that it makes financial sense to allocate the residual amount of their retirement savings to Adult & Teen Challenge of Texas as we do not pay taxes on these gifts.
  • Donors age 70 ½ and older may direct lifetime distributions from their IRAs to Adult & Teen Challenge of Texas. This distribution will count toward your required minimum distribution, and will not be included in your taxable income.
  • You can escape both income AND estate tax levied on the residual left in your retirement account. These taxes can eat up the principal of your account when transferred to your heirs.

Designating your favorite charity as the beneficiary of an IRA, insurance plan, stock or bank account can minimize both estate and income taxes- while still allowing the transfer of other assets to your loved ones. There are many ways to make a gift. We can assist you as you realize your charitable goals. 

Call Director of Development, Sarah Baughman, at 210-624-2075 or by email at Sarah.baughman@tctexas.org for more information on how you can leave a legacy by making a planned gift.

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