Happy Thanksgiving! Our offices will be closed Thurs. 11/23 and Fri. 11/24

Planned Gifts and the Oak Tree Society

 

“One generation plants the trees; another gets the shade.”

– Chinese Proverb

Let Us Know

We hope you will tell us when you have named the Achievement Centers for Children in your will or estate plan. We would very much like the opportunity to thank you for your generosity, in a way that is appropriate and meaningful for you.

If you prefer to remain anonymous, your gift will be kept completely confidential. But at the same time, recognition of your gift can encourage others to do the same. Whatever the case, we will honor your wishes, because we appreciate your support immensely. And, if you have any other specific requests for a bequest, please contact our Development Office at 216.292.9700 for assistance.


Various Bequest Options

Here are four generally accepted ways to make a bequest to heirs or to charity. You might discuss them with your attorney as you prepare to update your will.

  • Specific bequest
  • General bequest
  • Contingent bequest
  • Residuary bequest

Additional Considerations

The additional terms below are optional considerations (added to one of the four bequests) when the bequest is made to charity.

  • Unrestricted bequest
  • Restricted bequest
  • Endowed bequest

Suggested Bequest Language

The following information is provided to assist you in developing your charitable gift and estate plans in consultation with your attorney, accountant, and/or other advisors.

Legal Name

The legal name to be used when making gifts to the Achievement Centers via wills, trusts, and other gift-transfer documents is:

“Achievement Centers for Children, an Ohio not-for-profit corporation, with its principal place of business at Highland Hills, Ohio.”

Confirmation of the Achievement Centers’ Tax-Exempt Status

Confirmation of the Achievement Centers’ tax-exempt status is provided in the form of a letter from the district director, Internal Revenue Service, U.S. Department of the Treasury. To download a copy of this document (in PDF format), please click here. Achievement Centers for Children’s federal tax I.D. number is:

34-0714766

Designating Your Gift

Gifts made through wills and revocable trusts are often directed to the agency’s permanent endowment fund. Endowment is a particularly effective way to leave a lasting legacy, since the earnings accrued on your gift will support the Achievement Centers for Children in perpetuity.

Your bequest may be unrestricted — to be used at the discretion of the Board for the agency’s highest priorities — or you may designate your bequest to support a specific program, such as Camp Cheerful or Early Childhood Intervention programs.

You may make your gift in your own name, or you may memorialize a loved one with your contribution.

Language for Including the Achievement Centers in Your Will or Living Trust

We recommend the following language for making a gift by will or revocable trust:

“I hereby give to the Achievement Centers for Children, an Ohio not-for-profit corporation, with its principal place of business at Highland Hills, Ohio:

  • The sum of $________________ [amount] AND/OR
  • The following described property: ________________ [description] AND/OR
  • ________% [percent] of the residue of my estate.”

For bequests to the agency’s permanent endowment, please add:

“This gift shall be added to the permanent endowment of the agency.”


If your gift will be more than $250,000, you may wish to create a named endowment fund by including the following language:

“The property comprising this gift may, for investment purposes, be merged with any of the agency’s investment assets. However, the gift shall be entered in the agency’s books and records as the ________________ [name] Fund, shall always be so designated, and the income therefrom, but not the principal, shall be used for ________________ [stated purpose] of the Achievement Centers for Children.”

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