Planned Giving

The Sister Margaret Leonard Legacy Society

The woman who dedicated her life to the mission of ending family poverty is our dear friend Sister Margaret Leonard. Help us continue her work and join the Sister Margaret Leonard Legacy Society by making a gift to Project Hope in your will. You will support homeless and low-income mothers and children. We will continue to work until we have put an end to family poverty in our neighborhood.

To join The Sister Margaret Leonard Society, fill out and return this Declaration of Intent.

Please contact Project Hope's Development Department at 617-442-1880 if you have any questions.


Frequently Asked Questions about Bequests

Including Project Hope in your bequest or other estate plans ensures that your commitment to the mission of Project Hope today will continue to receive your financial support in the future.

What is a Charitable Bequest?

A charitable bequest is a gift made to a nonprofit that you believe in and want to continue. It is a thoughtful and enduring way of showing others what you value most. When you make a bequest, you are planting a special gift in your will that changes lives.

Is a Bequest right for you? If you answer yes to these questions, you are ready to make a bequest.

Do you want to support Project Hope?
Do you have a will, living trust insurance policy, or are ready to create one?
Are you young or old, wealthy or middle class?
Do you want to make a charitable gift while ensuring family is taken care of first?
Do you want to maintain the flexibility to change your mind at any time?
Do you want estate tax relief?

What's the benefit of a bequest?

Simplicity. Just a few sentences in your will or trust are all that is needed.

Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.

Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.

Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.

Is there a minimum amount I must give in order to make a bequest?

No, there is no minimum dollar requirement. Everyone's situation is different so whatever amount your wish to donate is welcomed and appreciated.

What are my options for making a bequest?

You can specify a specific dollar amount or you can choose to give a percentage of your estate. If you are not sure about your future circumstances, you can set up a contingency bequest thereby insuring that your spouse and/or family is provided for first.

Can I change my mind?

Yes. You can cancel or change the amount of a bequest at any time.

What is the quickest and easiest way to make a bequest?

You can amend a will or trust to make a gift without rewriting the entire document. Your attorney can prepare the simple statement, called a codicil, which adds a new provision while reaffirming the other terms of your will. If you do not have a will or trust, you should look into establishing one. At that time, you can instruct your attorney or advisor that you wish to include a charitable bequest to Project Hope.

Is there special language that I should use when making a bequest?

Yes, you can contact the Development Office for assistance, or use the sample language as follows:

"I hereby bequeath the sum of $____________ for the benefit of Project Hope, Boston Massachusetts

Or

"I hereby bequeath ____% of my estate for the benefit of Project Hope, Boston Massachusetts.

Will my gift be tax deductible?

Historically, bequests have been deductible for federal estate tax purposes. In addition, the gift is usually exempt from state inheritance taxes.

I have decided to leave a bequest to Project Hope. Do I need to tell them?

We hope you do! Anyone who makes the generous decision to leave a gift to Project Hope in their will becomes a member of the Sister Margaret Leonard Legacy Society. Please contact the Development Department at 617-442-1880 for a declaration of intent form.

 

As is the case with any charitable planned gift you should consult your financial planner, tax advisor, or estate planner.


We respect and value your decision to give to Project Hope. As such, we abide strictly to our Donor Privacy Policy & Bill of Rights (PDF). Please feel free to contact us at info@prohope.org with any questions.

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Community Building

550 Dudley Street
Roxbury, MA 02119

Family Residence

45 Magnolia Street
Dorchester, MA 02125

Contact

Phone: (617) 442-1880
Email: info@prohope.org