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Bob Coté Legacy Fund

At Step Denver we would like to acknowledge and recognize the people who have shared with us that they have made a gift that will benefit and ensure Step Denver’s mission and Bob Coté’s legacy in perpetuity. Planned gifts make use of legal and/or tax strategies, which often produce a result that is very worthwhile. We will work with you to find a charitable plan that lets you provide for your family and support Step Denver.

Examples of planned gifts include the following:

  • Charitable Bequests – You want to leave Step Denver in your will and you ALSO want the flexibility to change your will in the event of life circumstances. This is one or two sentences in your will or living trust that leaves Step Denver an amount of money and/or a percentage of your estate. Your bequest may also entitle your estate to an unlimited federal estate tax charitable deduction.
  • IRA Charitable Rollovers – If you are 70.5 years old or older, you can take advantage of this simple way to benefit Step Denver and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a charity such as ours without having to pay income taxes on the money. This law no longer has an expiration date, so you are free to make annual gifts to Step Denver this year and well into the future. This is a great way for you to be able to see the difference you are making towards our mission during your lifetime.
  • Beneficiary Designation – Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by naming Step Denver as a beneficiary to receive assets such as retirement plans, IRAs and life insurance policies. This is an easy way to give and is also very flexible!
  • Charitable Remainder Trust – If you have built a sizable estate and are also seeking ways to receive reliable payments, a charitable remainder trust may work for you. These gifts offer you tax benefits and the option for income.
    • Charitable remainder annuity trust – Each year the trust pays you the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Step Denver as a lump sum.
    • Charitable remainder unitrust – Each year you will receive 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 Step Denver as a lump sum.
  • Step Denver Endowment Fund – Making a gift to the Step Denver Endowment Fund today ensures Step Denver’s mission to continue well beyond our lifetimes. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits. Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Step Denver. The remaining funds are reinvested to insure indefinite support.
  • Memorials and Tribute Gifts – Honor someone special with a future gift in their name. If you have a loved one who has been impacted by addiction or homelessness, establishing a memorial or tribute gift in their name is a meaningful way to honor your loved one or celebrate a special occasion such as a sobriety anniversary while supporting the work of Step Denver. This is a great way to generate a lasting tribute to your loved one and make a difference in the lives of our residents.

To become a member of the Bob Coté Legacy Fund or for more information about planned giving please contact Jordan Fouts, Director of Development and Marketing, at 720-439-8487 or jfouts@stepdenver.org

We suggest seeking advice from your financial or legal advisor. If you do not have one we can connect you with our contact at Bernstein Wealth Management, Jonathan Fung, at 303-292-7427 or Jonathan.Fung@bernstein.com

If you include Step Denver in your plans, please use our legal name and our federal tax ID.

Legal name:  Step Denver

Address: 2029 Larimer Street, Denver, CO 80205

Federal Tax ID: 74-2345786