Redwood and the Dorothy Wood Foundation
Your financial planning for the future involves consideration of how to best leave a legacy to the organizations or causes that you treasure and trust. We invite you to reflect upon the personal benefits of providing a Planned Gift to Redwood or the Dorothy Wood Foundation.
Redwood vs. Dorothy Wood Foundation
- A donation to Redwood supports Redwood’s operations and addresses its immediate needs and client services.
- A donation to the Dorothy Wood Foundation provides future financial support to Redwood. Gifts to the Dorothy Wood Foundation are added to an endowment, and interest earned on the endowment’s principal helps to support some of Redwood’s operations.
Benefits of Planned Giving
- Gifts are tied to certain tax advantages for you and/or your heirs.
- Gifts may be revocable - they may be altered at any time, depending on your plan.
- Gifts may be left anonymously.
- Gifts allow you to honor a specific person(s).
- Gifts may be left directly to Redwood or may be provided to the endowment fund of the Dorothy Wood Foundation.
- Redwood will recognize your legacy of philanthropy and contribution to our organization through the Redwood Giving Tree Society.
Different Options of Planned Gifts:
- Life Insurance – Name Redwood as a beneficiary of your life insurance policy
- Retirement Plans – Name Redwood as a beneficiary of your retirement plan
- Charitable Gift Annuities
- Charitable Remainder Trusts or Charitable Lead Trusts
- Securities – Donate stocks, bonds, or mutual funds
- Bequests through your Wills or Trusts – Designate a financial gift, asset, or property to Redwood through a charitable bequest in your will or trust
- Specific Bequest – donate a specific dollar amount or a specific asset from your estate to Redwood
- Percentage Bequest – donate a specific percentage of your estate to Redwood
- Residual Bequest – donate the remainder of your estate to Redwood after all other portions of the estate have been distributed to other beneficiaries
- Restricted Bequest – donate money or an asset that has been designated for a specific purpose and/or use at Redwood
- Unrestricted Bequest – donate money or asset that may be used for any purpose that Redwood deems necessary
- Contingent Bequest – if money or an asset cannot be distributed to your primary beneficiary, then that money or asset is donated to Redwood instead
Suggested wording to remember Redwood or the Dorothy Wood Foundation in your will or estate plan:
“I give to Redwood the sum of $______________ (_________________ dollars) [or ______% (___________ percent)], (EIN: 61-6013702) whose principal office address is located at 71 Orphanage Road, Ft. Mitchell, KY 41017, to be used for to be used for the accomplishment of its general purpose.”
“I give to the Dorothy Wood Foundation the sum of $______________ (_________________ dollars) [or ______% (___________ percent)], (EIN: 26-2203931) whose principal office address is located at 71 Orphanage Road, Ft. Mitchell, KY 41017, to be used for to be used for the accomplishment of its general purpose.”
Examples of where Planned Gifts are needed and may have the most impact:
Redwood has identified specific areas of operation which currently have the most need for financial support. The following areas have a direct impact on the services provided to both children and adult clients:
- Dorothy Wood Foundation Endowment – interest earned on the endowment principal annually helps fund all Redwood programs. To maintain operations at a time when Redwood is seeing a decrease in government funding, endowment contributions are essential.
- Nursing – 41% of Redwood clients require nursing care for chronic – and often life threatening – medical conditions. However, nursing services at Redwood receive no government funding so donations to this program are critical.
- Technology – Redwood’s phone system is vital for communication between families, staff, and donors. The current phone technology is out of date and requires a significant upgrade.
- Therapy – Redwood serves many clients (both on-site and off-site) in areas of speech, occupational, and physical therapies and also provides assistive technology resources. There is long waiting list of children and adults requiring therapeutic services. More funds are needed to hire addition resources to meet increased demand for therapy programs.
Redwood and the Dorothy Wood Foundation accept Planned Gifts to the above priority areas or any program or purpose designated by the Giver. Redwood will work with you to plan where and how you would like your gift to be used.
Read Redwood's Planned Giving Brochure and Brochure Supplemental Information to learn more about the Planned Giving process.
Thank you for considering Redwood with your charitable giving. You can be confident that a planned gift to Redwood or the Dorothy Wood Foundation will be used to provide the programs and services that fulfill our mission to help clients achieve independence and reach their highest potential. Before you make decisions regarding your gifts, we invite you to tour Redwood to witness firsthand the importance of our services and the day to day impact Redwood makes in the lives of our clients. Professional staff and Board Members from Redwood and the Dorothy Wood Foundation are available to answer your questions and work with you to make the giving process easy.
If you decide to leave a planned gift to Redwood or the Dorothy Wood Foundation, please fill out the Redwood Giving Tree form and return it to Redwood so that we may recognize and prepare for your gift.
To speak with someone directly at Redwood about Planned Giving opportunities, contact Mike Goldman at 859-331-0880.