Legacy Giving

Legacy Giving

Planned gifts are a thoughtful way to provide for the future needs of Nora’s Home, and allow you to direct your legacy toward what is meaningful to you. Gifts may be unrestricted (to be used for the highest and best use at Nora’s Home when received) or restricted to a specific area where you wish to make impact.

Ways to Leave a Legacy include:

See below for more details.

Bequest

An easy way to include Nora’s Home in your legacy plans is to include a bequest in your will or trust. Bequests can be made both to individuals as well as nonprofit organizations, and can be made for a specific amount, a percentage of your estate, or for the residual (remainder) of your estate.

To include Nora’s Home in your plans, we recommend you provide the following language to your attorney:

“I hereby give, devise, and bequeath (dollar amount, percentage, or specific asset) to Nora’s Gift Foundation, a nonprofit organization located at 8300 El Rio, Houston, TX 77054, Federal Tax ID #62-1763895, for the general use and purpose of Nora’s Home.”

If you would like to restrict your bequest for a specific purpose, such as our endowment, please contact the Foundation Office at giving@norashome.org or (832) 831-3720 to discuss and ensure our organization is able to use your gift for the intended purpose.

Please fill out this Planned Giving Declaration of Intent form when you are ready to start the process.

Gifts of Insurance

Like legacy gifts from retirement accounts, insurance beneficiary designations are a way to include Nora’s Home in your plans. Simply contact the administrator of your insurance policy to include us as a beneficiary. Beneficiary designations can often be changed online with your administrator and updated at any time; you may name individuals and nonprofits as primary or contingent beneficiaries for the percentages you desire.

Please specifically list Nora’s Gift Foundation and Tax ID 62-1763895 when updating your beneficiaries with your provider. Additionally, please contact our Foundation Office at giving@norashome.org or (832) 831-3720  to discuss the purpose of your future gift, as you are not able to designate this information with your provider.

Additionally, Nora’s Home accepts gifts of insurance policy ownership. Nora’s Gift Foundation must be named as both beneficiary and irrevocable owner of the policy; if the policy is not paid in full, we will discuss plans for future premium payments will be discussed in consideration of your donation. Please contact our Development staff if you are interested in learning more about this type of gift.

Please fill out this Planned Giving Declaration of Intent form when you are ready to start the process.

Giving through Retirement Accounts

Legacy gifts from retirement accounts, such as Individual Retirement Accounts (IRAs) or 401(k)s, are a way to include Nora’s Home in your plans. By contacting the administrator of your retirement account to include us as a beneficiary, the portion designated to benefit Nora’s Home will pass to our nonprofit organization tax-free when your estate is realized.

Beneficiary designations can often be changed online with your administrator and updated at any time; you may name individuals and nonprofits as primary or contingent beneficiaries for the percentages you desire.

Please specifically list Nora’s Gift Foundation and Tax ID 62-1763895 when updating your beneficiaries with your administrator. Additionally, please contact our Foundation Office at giving@norashome.org or (832) 831-3720 to discuss the purpose of your future gift, as you are not able to designate this information with your account administrator.

Additionally, if your account is subject to Required Minimum Distributions, did you know you can distribute up to $100k per year to nonprofit organizations to lower your taxable income? A Qualified Charitable Distribution, also known as an IRA Charitable Rollover, can provide benefits to you, even if you do not itemize your tax return. Please contact your account administrator with the information above to make your contribution.

Please fill out this Planned Giving Declaration of Intent form when you are ready to start the process.

Sowing the Seeds Legacy Society

All individuals including Nora’s Home in legacy plans qualify for membership in the Society; simply provide details about your gift and what you wish for it to accomplish (details are kept confidential; you may remain anonymous if desired).

You’ll receive special acknowledgment/recognition throughout year to further your engagement and impact on the future of Nora’s Home, including but not limited to:

Please fill out this Planned Giving Declaration of Intent form when you are ready to start the process.