Including The Bail Project in your estate plan is a meaningful and impactful way to help protect people experiencing poverty from pretrial incarceration for generations to come. Thank you for helping The Bail Project create a more just and equitable future by taking money out of the criminal justice system. Every estate plan is different, and we are happy to talk through the options with you! Get started today!
Ways to Leave a Legacy
A Gift in Your Will
Including The Bail Project in your will or trust is a meaningful way to help protect people experiencing poverty from pretrial incarceration for generations to come.
Life Insurance
Life insurance provides a safety net for those who depend on you financially. But did you know a life insurance policy also can allow you to leave a legacy for organizations and causes that are important to you? Get more information about naming The Bail Project as a beneficiary of a life insurance policy.
IRA Qualified Distribution
Naming The Bail Project as a beneficiary of your IRA, 401(k), or other retirement account is one of the most tax-smart ways to give. Retirement assets left to individual heirs can be significantly reduced by taxes, but when they pass to a nonprofit like The Bail Project, their full value goes to work restoring freedom and the presumption of innocence. It’s as simple as requesting a beneficiary designation form from your plan administrator—no attorney or change to your will required.
Charitable Gift Annuity
A Charitable Gift Annuity (CGA) is a thoughtful way to provide reliable income for yourself and/or a loved one while also making a gift to support The Bail Project. A CGA is a contract between the donor and The Bail Project where the organization agrees to pay you and/or a loved one a fixed amount for life in exchange for an irrevocable gift of cash or appreciated securities.
Charitable Lead Trust
A Charitable Lead Trust (CLT) works by first using the assets contributed to the trust to make annual payments to The Bail Project for a term of years (usually 10 to 20). At the end of the term, the assets remaining in the trust pass to the non-charitable beneficiaries, usually children or grandchildren, without passing through the donor’s estate. With a Charitable Lead Trust, you get to make a gift upfront to The Bail Project, then have the assets returned to your beneficiaries.
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is an irrevocable trust that generates fixed or variable income for you and/or other beneficiaries for life or a term of years, with the remainder of the trust becoming a future gift to the organization of your choice.
Bank and Investment Account Beneficiary
You can name The Bail Project as a payable-on-death (POD) or transfer-on-death (TOD) beneficiary of a checking, savings, or brokerage account. It’s one of the simplest gifts to arrange—just ask your bank or financial institution for a beneficiary form—and it costs nothing during your lifetime while leaving a lasting legacy of freedom.
Donor-Advised Fund Succession Plan
If you give through a donor-advised fund (DAF), you can extend your generosity well beyond your lifetime by naming The Bail Project as a successor advisor or charitable beneficiary of your fund. This designation ensures the charitable dollars you’ve set aside continue to support the causes you care about, carrying your values forward for years to come.
For questions about planned giving or for help getting started, please contact the Development Department at giving@bailproject.org or (323) 366 0799 ext 2.
