Forever Family: a Planned Giving Program | Family Service of the Piedmont
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Forever Family: a Planned Giving Program

Some things change, but families are forever.

The Forever Family program recognizes those who remember Family Service in their will, as a beneficiary of retirement or insurance plans, or through other kinds of planned gifts.

If you are considering a planned gift, your first step should be to consult your lawyer or your accountant. Because of our nonprofit 501(c)(3) status, your gift will be tax deductible. Remember, it is important to consult your estate planner to learn how you can receive maximum tax deductibility for your gift.

Perhaps the simplest way to make a planned gift is to name Family Service of the Piedmont as a beneficiary in your will, life insurance or retirement plan, either by setting up a new plan or by adding the agency as a named beneficiary of an existing one. After providing for your loved ones, a bequest to Family Service allows you to distribute your estate as you desire.

Donors who make such bequests may choose to become members of Family Service of the Piedmont’s Forever Family, and be recognized in the agency’s newsletter and Annual Report.

To find out how you can make a planned gift to help fund agency services for future generations, contact your financial planner or Jody Susong at (336) 387-6161 x1105 or

Family Service of the Piedmont’s
Forever Family

John and Lynn Black

The Estate of Ray Burrow
The Ray and Tanya Burrow Family Fund

The Estate of Sarah W. Cooke

Ronald P. Johnson

Julia B. Nile

Mike and Bunnie Smith
Charlie B. Smith Memorial For Love of Family Fund

Doug and Jody Susong

The Estate of Leah Tannenbaum

Forever Family Testimonials

Mike and Bunnie Smith

Longtime agency supporters Mike and Bunnie Smith took out a life insurance policy, naming Family Service as the beneficiary. Their gift is designated for Family Service of High Point Foundation’s Endowment, Charlie B. Smith Memorial Fund. It will help to ensure that the agency will be able to serve future generations of children and families in High Point.

The Smiths said the gift would serve as an addition to their annual giving to the agency. “This 5 year paid-up life insurance policy will provide a continuation of our gifts in the future to provide continuing education funds for our professionals working with abused children,” they wrote. “Charlie B was proud of our commitment and work with Family Service and we are proud of Family Service and their contribution to our community.”

John and Lynn Black

“As a past board member and volunteer with Family Service, I know first-hand that the funds my husband John and I donate are put to good use,” Lynn Black says. “For a number of years, we have made an annual contribution to support the work of Family Service in Greensboro. In planning for the future, we agreed that we wanted to do more. Our will was old and as we were looking it over with our attorney, John and I decided that we would designate funds to Family Service in our estate planning.”

“It was as simple as filling out a piece of paper. By including Family Service in our will, we can guarantee that even in the future, we can make a difference in the lives of victims of domestic violence and child abuse and others struggling with mental health and financial difficulties. We can assure that our legacy will live on.”

Ron Johnson

I have been involved with Family Service since the 1980’s. When you give your time, talent or money to a non-profit organization for many years, I think it is very important to make certain your contributions continue long after your lifetime. One way to do this is what I call “endowing your annual charitable gift.”

For example, if you typically make an annual gift of $1,000 to Family Service, it is easy to endow that gift to continue in perpetuity. Family Service is supported in Greensboro and High Point by two Foundations, and both Foundations have established Endowment funds. Most endowments pay out about 4.25% of the value of their fund each year. Therefore, a single gift of about $24,000 to either Endowment would enable Family Service to receive a payout of $1,000 annually. A gift of $100,000 would guarantee an annual return to Family Service of about $4,250 per year, and so on. It is also probable that the value of the Endowment funds will continue to grow, so that the annual payment to the agency from your gift would increase each year.

I am involved with a number of non-profits in the Greensboro area and wish my gifts to these charities to continue after my death. Therefore, I have the bulk of my estate bequeathed to the Community Foundation of Greater Greensboro to create a Charitable Remainder Trust, which will pay my partner the income for lifetime. Then, when we are both deceased, the Community Foundation will make the endowment payout to all the various charitable organizations I have specified, with Family Service being one of the primary charities receiving an annual gift from this fund in perpetuity.

It is very easy to make a gift to one of Family Service’s Foundations, or to enter into an agreement with the Community Foundation of Greater Greensboro or the High Point Community Foundation if you wish to benefit multiple charities. You could fund that gift during your lifetime with a gift of cash, appreciated stock or real estate, or you could bequeath a certain amount of funds or specific assets to the Foundation at your death. You could leave money to the Foundation by a bequest under your will, by designation of beneficiary under a life insurance policy, or by designation of beneficiary of an IRA. Designating an IRA to the Foundation is a very smart estate planning idea because IRA benefits payable to family members or friends are taxable to them, whereas IRA benefits payable to Family Service’s Foundations or a Community Foundation would not create taxable income.

Endowing your annual gift in this manner creates a perpetual legacy in your honor and helps guarantee the continuity of your favorite charities.

Ron Johnson is an attorney with Johnson, Peddrick & McDonald, PLLC. He is Past Chair of Family & Children’s Service of Greater Greensboro and a Trustee of Family Service of Greensboro Foundation. He is a member of the Families First Honor Society as well as the Forever Family of Family Service.

To find out how you can make a planned gift to help fund agency services for future generations, contact your financial planner or Jody Susong at (336) 387-6161 x1105 or

DISCLAIMER: The diagnosis and treatment of psychiatric disorders requires trained professionals. The information provided here is to be used for educational purposes only. It should not be used as a substitute for seeking professional care for the diagnosis and/or treatment of any mental or psychiatric disorder.