Skip to content Skip to navigation

Still planting the seeds of change

Still planting the seeds of change

Lifelong volunteers create a special message for their children and make a promise to support the work of AFSC far into the future.

Helen and Oliver Wolcott

Helen and Ollie Wolcott’s dedication to the work of AFSC spans more than 50 years. Their latest gift ensures their support to AFSC will endure beyond their lifetimes.

Helen and Oliver Wolcott met and fell in love while they were undergraduates at Swarthmore College. That’s also where they first crossed paths with American Friends Service Committee and, like their marriage, it’s a relationship that has held strong for more than five decades.

Now, these long-time AFSC donors and volunteers have included the organization in their estate plan. It’s another way to support the peace and justice causes that have been central to their lives. “I also like the message it gives to our children when they look at our will,” Helen adds. “It’s a way of telling them about the organizations that are important to us.”

Helen and Ollie met in an economics class in the late 1940s. In the summer of 1949, Helen joined Ollie as an attendant at Norristown State Hospital in Pennsylvania, where AFSC ran a project for psychiatric patients. “We were the lowly people who, with almost no training, were in charge of this over-crowded facility of mentally ill patients,” Helen recalls.

Later, they served at several AFSC work camps, including one at the Pine Ridge Reservation in South Dakota, where they helped build bus shelters for school children and ran a youth program.

Eventually, they settled in Denver, Colorado, where they continued their involvement with AFSC and various struggles for social justice, including the Civil Rights Movement.

“I like to feel that in some small way we’re working for world peace and justice,” Helen says of the couple’s involvement with AFSC. “We approve of everything AFSC does.”

`

A charitable bequest is one or two sentences in your will or living trust that leave to the American Friends Service Committee a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

I devise and bequeath to the American Friends Service Committee, Philadelphia, Pennsylvania (tax ID #23-1352010) (Insert amount of gift or insert the word "all" or the percentage of the estate) to be used for its general purposes.

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to AFSC or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to AFSC as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to AFSC as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and AFSC where you agree to make a gift to AFSC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.