Ways to Give
The Foster Foundation was established in 1920 as a nonprofit 501(c) 3 through a generous financial gift from Bradley W. Foster. The purpose of the foundation is to provide for the social and physical welfare of seniors. A Board of Directors, composed of respected business leaders in the area, oversees the foundation in a manner that perpetuates Woodlands’ ability to achieve its mission.
All gifts made to the Foster Foundation benefit Woodlands Retirement Community, and there are many ways to give. Here are a few donation options that can make a significant difference in the lives of seniors.
Woodlands can be designated as a primary or secondary beneficiary of all or part of your retirement account (IRA, 401(k), or 403(b) account). The forms are easy to complete and your gift is exempt from income taxes.
Life Insurance Policies & Annuities
A simple change in beneficiary can direct your life insurance policy or other annuities to name Woodlands your beneficiary. Your gift may be exempt from income tax or probate.
“In Trust” Accounts
Any bank account or stock account in your name can be set up “In Trust for Woodlands Retirement Community.” You retain exclusive control of the account during your lifetime and upon your death, the account passes to Woodlands without probate or income tax.
Through a cash financial donation you may choose to support all programs or specific areas. Cash donations to the Foster Foundation are tax deductible.
Through a Bequest, you can make a provision for Woodlands Retirement Community in your Will or Living Trust for a specific dollar amount, specific asset or a percentage of your estate.
Gifts that Generate Income for Life
You may choose to create a charitable gift annuity and receive fixed payments for life in return for your contribution.
If you have already arranged for a bequest or other gift, we thank you. Informing us of your gift can help us plan for the future. Please contact us today. We honor your wishes for privacy if you choose for your gift to remain anonymous.