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be.group foundation extends the commitment of be.group as a nonprofit organization working to benefit all of society by helping older people lead more fulfilling lives.
Philanthropy has always been a cornerstone of be.group. The generosity of our residents and other donors—through their gifts, bequests, annuity agreements and trust funds—has played a vital role in developing, maintaining and improving our communities.
Seeking out this kind of support and managing its thoughtful investment is the responsibility of be.group foundation. In addition to supporting the development of be.group communities, the foundation assists in establishing and expanding a wide range of innovative programs and services. We also ensure that qualified residents who have outlasted their resources are able to remain in their communities and continue enjoying the kind of support that will enable them to live life to the fullest.
Previously known as Southern California Presbyterian Homes Foundation, be.group foundation was established to provide our residents, families and friends with opportunities to support be.group communities. The fund-raising initiatives that we manage directly contribute to new services and programs, support capital improvements and provide Benevolence support to those in need–all with the goal of enriching our communities and the lives of our residents and staff. Through both undesignated and targeted giving, our donors enable the be.group commitment to providing quality housing, health and support services across all of our communities.
be.group foundation was established in 1993 as a 501(c)(3) organization under the U.S. Internal Revenue Code.
Director of Philanthropy
Royal Oaks, Westminster Gardens, Windsor
Carolyn Downey, Ph.D.
Albert W. Kelley – Chair of the Board of Directors, be.group
John H. Cochrane III – President, be.group foundation
Arsen Danielian, Esq.
Mary Good Lindgren
William P. Schlarb
Whether you direct your donation toward benevolence funding, capital projects or programs and services, you help fulfill the mandate of active, caring support that defines be.group.
be.group foundation’s fund-raising efforts focus on three major areas of need: Benevolence, capital projects, and programs and services. Working in consultation with one of our representatives, you can ensure that your gift is directed to the priority that resonates most strongly with your philanthropic spirit. Alternatively, you may choose to make an unrestricted gift that be.group foundation can allocate where it will have the most valuable impact.
Although residents enter be.group communities with the resources deemed necessary to sustain them throughout their lives, sometimes unforeseen changes in circumstances disrupt the most careful management and preparations. A resident may find his or her assets depleted, perhaps because of unanticipated health issues that require costly medical care. Occasionally residents run into financial difficulties or fall victim to financial malfeasance or fraud.
Whatever the circumstances, it can be devastating—both for the individual and for fellow residents— when someone lacks the resources to continue living in a community. In these situations, people can find themselves facing severely limited life options, often when they’re most vulnerable. What’s more, the entire community faces the potential loss of a cherished friend and neighbor.
To ensure support for residents who, through no fault of their own, can no longer afford to remain in our communities, be.group foundation manages and distributes assistance from the Benevolence Fund. Available to all eligible residents with demonstrated financial need, the fund offers protection from a potentially devastating event and at the same time preserves the integrity of the community. It’s the ultimate example of our residents’ commitment to supporting one another—a longstanding hallmark of be.group and its communities.
We take pride in the fact that no resident has ever been asked to leave one of our communities because of financial difficulties. However, our ability to provide the necessary assistance would be limited without philanthropic support. The Benevolence Fund enables us to provide help where it’s needed without drawing on resources earmarked for broader community needs.
The Capital Improvement Fund supports equipment purchases, service enhancements and facility renovation and expansion programs—all aimed at improving the quality of life for current and future be.group community residents. When major renovation and construction projects are in the planning stages, the foundation may launch a capital fund-raising campaign to solicit funds. Often these projects include opportunities for recognizing donors by name.
One of the foundation’s primary goals is to deliver innovative programs and services that promote healthy living and ensure outstanding care. Whether we’re striving to prevent falls, improve cognitive and physical fitness or enhance dementia care, we direct charitable donations to improvements that will benefit everyone in our communities.
Unrestricted gifts are critical to the foundation, because they can be used wherever they’re most needed. With your help, be.group can continue exploring how best to support California’s older adults in their pursuit of rich and rewarding lives.
Whatever your philanthropic goals, we can help you find a gift-giving option that maximizes the positive impact on our communities, residents and programs.
be.group foundation works with donors to create a gift-giving experience that matches their charitable interests with the needs of our residents and clients. Gifts can either be designated for specific areas of need or made without restrictions, in which case your gift will be used to address be.group’s highest-priority objectives. You also may make a gift to honor or memorialize a loved one.
In addition, be.group foundation offers a number of planned giving options—including charitable gift annuities and remainder trusts—that provide financial benefits to you and/or the person you’re supporting while offering significant tax savings. By making a multi-year pledge with payments spread over as many as five years, you can enjoy investment income on your donation at a rate of return—depending on the type of planned gift you select—that can be higher than many money-market accounts. The foundation receives the donated assets at a point in the future, often after the donor has earned a lifetime income.
The following sections outline in more detail some of the designated and unrestricted gift-giving options that you and your family may wish to consider:
Outright gifts of cash can be paid to the foundation by check, credit card or electronic transfer and can be directed to the project, campaign or program of your choice. The gift can be given in your name, anonymously or in the name of a loved one. As the donor, you will receive an appropriate tax credit.
Contributing stock or other appreciated assets such as real estate or art can actually increase the value of your gift, as you are able to deduct the full fair market value of the donated asset. Gifts of real estate can include your primary residence, vacation home, commercial property or undeveloped land. You also can donate artwork, jewelry or other items of value.
be.group foundation is pleased to accept such gifts after a simple evaluation to determine that there are no restrictions on selling the property. Real property can be donated either as a current gift or as part of a planned giving commitment.
A bequest is the simplest type of planned gift and one of the easiest to implement. You can leave a gift to be.group foundation by including it in your will or estate plan. Bequests can transfer a specific item, dollar amount or percentage of your estate and can be directed to the philanthropic area of your choice.
A charitable gift annuity is a simple agreement between you and be.group foundation in which you make an irrevocable donation of cash, stocks or property. In return, you receive a lifetime guaranteed income and a charitable tax deduction for a portion of your gift. The annuity amount—a fixed monthly or quarterly payment—is generally determined by your age. The amount remaining at the end of your life will then be used to benefit be.group.
Some residents ask that the remainder of their annuities be used to help fellow residents who have depleted their resources, while others wish the money to be directed toward areas of greatest need. Payments can be made by check or through direct deposit to your bank account on a monthly or quarterly basis.
There are many benefits—to you and to the larger be.group community—of a charitable gift annuity. These investments generally pay a higher interest rate than either a certificate of deposit or money market account. Moreover, the return rate is fixed, which helps to protect you from unpredictable fluctuations in stock values or real estate prices. With a gift annuity, you receive a guaranteed income while ensuring that be.group foundation can better plan and meet its fund-raising objectives, now and into the future.
The American Council on Gift Annuities meets periodically to determine and recommend appropriate annuity rates for all nonprofit organizations. These rates take into account the ages of annuitants and the current investment climate. For example, the length of an annuity for a 65-year-old is typically longer than for a 75-year-old; therefore the recommended annuity rate is higher for the latter. Please check with your be.group foundation representative for the rate that currently applies, as rates are subject to change.
A charitable remainder trust enables you to transfer cash or property into one of two types of facilities: a charitable remainder annuity trust, which pays an annual fixed-dollar amount; or a charitable remainder unitrust, which pays a fixed percentage of the trust’s value annually. You receive the interest income from the trust and also benefit from a substantial tax saving based on the value of the funds placed in the trust. Further tax savings result when the trust is funded with appreciated assets.
A charitable remainder trust offers additional benefits. For example, a trust can turn an appreciated asset—typically stock or property—that is producing little or no income into a more productive investment. Although you donate the asset to be.group foundation, you continue to receive income from that asset during your lifetime. After a specified period of time, be.group or your community then receives the principal. You avoid capital gains tax on the donated asset and receive an income tax deduction for the fair market value of the remainder interest earned by the trust. This gift also reduces subsequent estate taxes by removing the asset from your estate.
Life insurance is a valuable but often overlooked gift option. You may have bought insurance as part of an overall financial or estate plan. But as your life circumstances change, the need for such insurance may diminish, leaving you with a valuable asset that can be used as a charitable donation. The gift of a fully paid policy can provide tremendous benefits to be.group foundation and to your financial and tax portfolios.
Individuals who are over 70 are eligible to deduct annual distributions from their retirement accounts, with the provison that these funds will be added to your adjusted gross income and are therefore not tax-exempt. With a charitable IRA rollover, you can directly donate to be.group foundation from an account without incurring taxes.
If you have a car you no longer need, consider donating it to be.group. Donors receive a tax deduction for the full value of the vehicle when we can use it for be.group purposes, or for the value we receive if it’s sold. be.group can accept vehicles in good operating condition with a Kelly Blue Book private sale value of $1,500 or more. It also must be clear of any liens and have a clean title.
The Legacy Circle recognizes donors whose generosity and foresight will ensure be.group’s ability to meet the needs of our residents and clients for years to come. Membership is open to all individuals who make planned gifts, regardless of the amount or type of donation.
If you’d like to know more about any of our gift-giving options, please contact be.group foundation at (818) 844-2711.
Your gift to be.group foundation is tax-deductible to the full extent that the law allows. Many types of giving can generate substantial tax benefits, either on a one-time basis or over the course of your lifetime. Please consult with your tax advisor to maximize these advantages. We will provide prompt acknowledgment of your gift in a form appropriate for IRS tax reporting purposes.