Why should I include DAYS Long Beach in my will or estate?
If you believe that supporting the intellectual growth and personal wellbeing of underserved children is essential to achieving social justice in our community, please consider making a charitable bequest to DAYS Long Beach. Your gift helps ensure our ongoing and innovative programming can continue in perpetuity.
Who started DAYS Long Beach?
DAYS LB has its origins in the commitment of Dorothy Baker to the wellbeing and success of all children. In 1970, Dorothy applied for and received a grant to create a free summer day camp at First Congregational Church of Long Beach, and we are now entering our sixth decade of service.
What does the organization do?
Over the ensuing 50 years, true to Dorothy's vision, DAYS Long Beach has not only hosted educational and recreational enrichment programs every summer but also expanded its outreach to children and families living in the downtown area. DAYS Long Beach currently provides year-round programs that offer tutoring to children, encourage leadership development of youth, and support community engagement.
How is DAYS Long Beach funded?
In 1999, Dorothy and her husband formed the Edwin and Dorothy Baker Foundation to endow and provide the non-profit with a degree of financial security. The endowment's earnings supplement external grants and on-going fund-raising, but DAYS Long Beach always needs secure financial support to provide quality enrichment to our local families.
How do you know the programs have an impact?
Because our kids tell us so! But we also have facts: for example, local children who have participated in DAYS LB excel academically. We count valedictorians, first-generation college graduates, and holders of advanced degrees among our alumni -- and these leaders inspire younger peers.
If supporting the intellectual growth and personal wellbeing of underserved children in Long Beach is a cause you find important, please consider making DAYS LB a legacy gift by following the simple process below.;
A bequest can be made to DAYS Long Beach as a charitable beneficiary in a new will, or adding a codicil (amendment) to an existing will. The following are four ways to leave a bequest to DAYS:
- Specific Bequest: Designate the amount of money or specific asset (property, securities, etc.) you wish to donate.
- Percentage Bequest: Designate the percentage of your estate you want distributed to the charity.
- Residuary Bequest: Instruct that any remaining part of your estate be distributed to the charity after distributions are made to family, friends, etc.
- Contingent Bequest: Instruct that the charity receive assets in the event that a beneficiary in your will is no longer living.
If you wish to name DAYS Long Beach in your will or estate plan, you will need the legal name and tax ID. The legal name of our entity is The Edwin and Dorothy Baker Foundation, dba DAYS Long Beach, and the EIN is 33-0851176.
SAMPLE BEQUEST LANGUAGE
For a defined dollar amount, percentage of your estate, number of shares of stock or particular piece of property, the language should be:;
I give and bequeath the sum of $__________ (or ____% of my estate) or shares of stock of XYZ Corporation, or specific property to The Edwin and Dorothy Baker Foundation (DBA:; DAYS Long Beach) to be used in support of its general philanthropic purposes.
For all or a percentage of your estate remaining after all debts, taxes and specific bequests have been paid:
I give and bequeath all (or ______%) of the rest, residue and remainder of my estate, both real and personal, tangible and intangible to The Edwin and Dorothy Baker Foundation (DBA:; DAYS Long Beach), 1230 Wardlow Road, Long Beach, CA. 90807.
Retirement Plans and Other Investments
An IRA, 401(K), 403(b) or another qualified retirement plan has tax benefits for accumulating assets, but at death they may be subject to income and estate taxes. Without planning, over 60% of the value of your tax-deferred accounts may go to taxes. Gifting these accounts makes use of the full value of the assets. To leave your IRA or other retirement plan to one of the recommended non-profits (either as primary or contingent beneficiary), contact your retirement plan company to request a change in beneficiary designation form.; Use the legal name of the organization.
Gifts of Life Insurance
Another simple way to leave a legacy is to name one of the non-profits as a beneficiary of any individual or group life insurance policy. You will get an estate tax deduction for insurance proceeds that go to the charity upon your death. Contact your insurance company to request a change in beneficiary designation form. Use the legal name of the charity.
If you have other questions or need further assistance please email us at [email protected] or contact our office at:
ATTN: Legacy and Bequest Giving
DAYS Long Beach
1230 E Wardlow Rd
Long Beach, CA 90807