Giving to Spring Lake Ranch
What People Are Saying...
While clearing saplings, I took time to look around at all of the other crew members, from all walks of life, struggling to various degrees with their illnesses. And yet they were still pushing on to do their jobs together, and helping each other. It was great to see, and gave me inspiration that even on my worst days, there are others feeling bad but are able to push on. It helped me pick it up a notch.
According to the National Institute of Health a full quarter of the U.S. population 18 and older suffer from a diagnosable mental illness each year. Approximately 6% of Americans have very serious forms of mental illness that have devastating affects on their lives. In addition, incidence of drug and alcohol abuse is extremely high among people trying to cope with mental illness. The effects of these illnesses on individuals and their families is debilitating and often long-term. This is why we need your help.
Ways of Giving to Spring Lake Ranch
Since 1932, Spring Lake Ranch has been a place of refuge and recovery for men and women with severe mental illness and addictions. Our mission is to offer opportunities for recovery and to improve wellbeing through shared work and community life in a safe and accepting environment, both in Cuttingsville and Rutland, Vermont.
As a private non-profit organization we derive our income from fees, contributions from donors, proceeds from the sale of Ranch-made products, and a small amount of insurance reimbursement. Spring Lake Ranch relies on the generous financial support of our friends, former residents and families to maintain and improve our programs and infrastructure and to provide financial help to residents whose families have limited means. Here are some of the ways you can help.
Each year we appeal to friends and families to make a financial contribution to Spring Lake Ranch. These gifts are primarily allocated to the Wayne & Elizabeth Sarcka Scholarship Fund, named for our founders, which provides financial aid to those who need the services of the Ranch but do not have the resources to pay the full fee. If you wish to mail a donation, your check should be made payable to Spring Lake Ranch and mailed to: 1169 Spring Lake Rd., Cuttingsville, VT 05738. Gifts to our Annual Fund may also be made through a secure online donation, or by making a donation of stock. We welcome gifts made in honor or in remembrance of a friend or family member. A card will be sent out to notify the honoree or family of your donation in their name.
The Wells Endowment Fund
Our endowment fund was established in 1992 to honor Michael & Phyllis Wells, who have made such a long and outstanding contribution to the Ranch, Michael as director for 35 years and Phyllis as financial manager and advisor to many residents. The endowment has grown substantially since then. Our hope is to continue to build the endowment through bequests, major gifts and planned giving. A portion of the income from the endowment will be used to support operations and financial aid each year.
Enni's Legacy Circle
Enni's Legacy Circle was named for Enni Ahonen, a former cook and long-time friend of Spring Lake Ranch who surprised all of us when she left a bequest of $46,000 to us in 1993. She was a person of simple means who loved the Ranch. By naming this group after Enni, we hope to show that anyone can make a bequest, no matter how large or small.
This honorary group was established to acknowledge friends who have made a provision for Spring Lake in their wills or established a planned gift for the future. Over the years we have had many friends leave bequests to the Ranch. We are so grateful for the foresight and the confidence in the Ranch that those donors had. Our only regret is that we were unable to thank them for their wonderful support, because we did not know about the gift until it was too late. This Legacy Circle gives us an opportunity to show our appreciation now for those who have made a plan to give to Spring Lake Ranch in the future. If you have already made a provision for Spring Lake Ranch in your will, we would love to have you become a member of Enni's Legacy Circle.
The simplest way for you to make a lifetime gift to Spring Lake Ranch is in your will. Bequests are exempt from estate taxation and allow for a much larger gift than might be possible during the donor's lifetime. A bequest can be a fixed dollar amount, a percentage of the estate, or a remainder after other recipients are named. Bequests can be authorized when drawing up a new will or added as a codicil to an existing will. All unrestricted bequests and planned gifts are incorporated into the Wells Endowment Fund for Spring Lake Ranch.
We would be happy to assist you with any questions you might have regarding planned giving. For more information please contact Heather Brown at 802-492-3322, or email heatherbREMOVETHISBEFORESENDING@springlakeranch.org.
Spring Lake Ranch Annuity
With an Annuity gift donors support Spring Lake Ranch by making a gift of cash or marketable securities. In exchange, Spring Lake Ranch guarantees to pay a fixed income for life based on the suggested annuity rates set forth by the American Council on Gift Annuities. A portion of the income paid out will be tax free. Upon the death of the annuitant, the Ranch retains the remaining principle. An annuity agreement may include payments for a second life, such as a spouse. The older the annuitant, the higher the level of income.
Gifts of Life Insurance or Retirement Funds
Another way to give a lasting gift is by leaving retirement accounts or life insurance policies to the Ranch. The simplest way to leave a retirement account to us after your lifetime is to list Spring Lake Ranch on the beneficiary form provided by your plan administrator. If you prefer to make your spouse the primary beneficiary of the retirement account, you can name the Ranch as the secondary beneficiary. Never make a beneficiary change, however, before discussing your desires with your professional advisor.
A Charitable Remainder Gift makes Spring Lake the final beneficiary of a trust set up for the maintenance of an individual or a group of individuals. 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. A variety of other forms of trust are available which address specific estate needs. A lawyer or financial advisor can help you find the most suitable gift arrangement.
The information on this site is not intended as legal or tax advice. For such advice, please consult an attorney or your tax professional.