Your Legacy and The Promise of Home

We are deeply grateful for the committed supporters who have, or intend to, include Rainbow Village as a beneficiary in their estate plan. We’ve created an outline below, plus a downloadable guide for you reference. Click below for The Rainbow Village Estate Planning Guide* Your generosity ensures that the mission of providing long-term homes for people with developmental disabilities continues.

Gifts of Real Estate and Homes

Rainbow Village Properties, Inc. is dedicated to buying, modifying and mainlining lifetime homes for adults with developmental disabilities. As the residents age, homes are modified to include wheelchair ramps, handles and other items to assure resident safety.

 

 

Donations of real estate support the mission and the population we serve. When a home is donated, it is evaluated for its suitability for our population. If the home can be appropriately modified, it can be used as a lifetime home for future residents. If not, proceeds from the sale of such homes would be used for the purchase of an appropriate property.

There are many ways to make a gift that can pay off in big benefits to you, your family, and Rainbow Village. Below are four generally accepted ways to make a bequest:

Bequests
Options include cash or stock bequest, residuary, restricted, or honorary/memorial bequests in your will.

Bequests of Real Estate
Avoid capital gains tax on the sale of a home or other real estate by donating real estate to Rainbow Village.

Charitable Gift Annuity
Supplemental income with fixed annual payments.

Charitable Remainder Trust
In the right circumstances, this plan can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries, and ultimately provide very important support.

For more information about making effective bequests for your personal circumstances and the needs of your heirs, contact Joanna Jones-Raymond at 314.567.1522 ext. 209 or e-mail joannajr@rbvstl.org
Charitable Gift Annuity/ Charitable Remainder Trusts and other specialized charitable vehicles:

The creation or update of Estate Plan including charitable vehicles requires the help of a professional, especially if your family is managing the life of a loved one with a disability or special need. There are many area resources and listed below are a few. Please note, this reference list does not constitute an endorsement by Rainbow Village Properties, Inc.

Designating RBV as a Beneficiary

Below, please find language that you and your attorney may use when designating RBV as a beneficiary. We respectfully request that you notify RBV of your planned gift by calling the Director of Development at 314-567-1522, so that we may properly acknowledge and document your bequest. Thank you for creating a legacy – you are helping us to keep the promise of home.

ABOUT RAINBOW VILLAGE:
Tax Exempt ID# 680574765
1240 Dautel Lane, St. Louis, Missouri 63146

RBV is a nonprofit 501(c)(3), founded in 1973, dedicated to providing and maintaining neighborhood housing for adults with intellectual and developmental disabilities (I/DD) throughout the Greater St. Louis area. We are significantly supported by charitable gifts and grants. Since 1973, we are proud to have a stellar reputation of sound financial management and are recognized with GuideStar’s Platinum Seal of Transparency. Our form 990 is available by Clicking Here. Planned Giving inquiries and information can be found at www.rbvstl.org, by emailing info@rbvstl.org or by calling the Development Department at 314-567-1522 x 209.

Rainbow Village accepts gifts of all kinds, including stocks, bonds, cash, Real Estate and other property.

Sample Dollar Amount Bequest Language

To assist you and your attorney in naming RBV as a beneficiary.

Bequest of a specific dollar amount: “I hereby, give, devise and bequeath [$ DOLLARS] to Rainbow Village Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68057476, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Rainbow Village’s general use and purposes.”


Bequest of specific personal property: “I hereby, give, devise and bequeath [DESCRIPTION OF PROPERTY] to Rainbow Village Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68057476, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Rainbow Village’s general use and purposes.”

Sample Real Estate Bequest Language

For Designating RBV as the Recipient of a residence or real estate. We have provided some basic bequest language to assist you and your attorney.

For a will or trust: “I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at [ADDRESS OR DESCRIPTION OF PROPERTY] to Rainbow Village Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68057476, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Rainbow Village’s general use and purposes.”

Deeds: To ensure the proper transfer of real estate, please consult your attorney to see if a deed is necessary for this type of transfer.

*Disclosure: This guide is offered by as an educational service, and not specific legal advice. Please contact an attorney or estate planning professional who is astute in special needs and can create a customized estate plan that truly fulfills your unique family, healthcare, estate and planning circumstances – while honoring your charitable intents.