Marietta & Jim Bala: Together in Life & in Giving

Marietta Bala smiling Combined Approach Yields Impact

Marietta and Jim Bala give from the heart, and they use careful analysis to validate their giving decisions. Marietta started supporting CARE with small donations-donations a student could make-back in the 1950s when she was first exposed to CARE packages. Jim's passion for the organization and its work stemmed from his commitment to helping people in the greatest need.

Together, they looked for a way to make a difference-to have the biggest impact. Marietta finds inspiration for which CARE projects she wants to fund by traveling to the field. She has been to Mali, Rwanda, and India and visited Ethiopia this past fall. She explains her special affection for Africa saying, "The people are so loving and warm, and, even though they have so little, they are so responsive."

Jim does his research at his desk-poring over CARE annual reports and project progress reports. "CARE does a good job of giving us insight into what is being accomplished with our gifts. They provide the statistics, but they also share the human dimension."

After many years of annual giving to CARE, the Balas decided to make provision for CARE in their estate plan. "After we achieved financial security for our retirement, we felt our life would be more meaningful if we could focus on helping others. That also became a new priority in terms of our estate planning. We wanted to be able to have an impact even when we can no longer do it directly."

Jim continues, "It's selfish, really, because we've gotten so much in return. CARE has made us feel like family." With the completion of their gifts to CARE through their estate plan, the Balas will be able to continue to express their love of mankind. Their shared values of giving back to those in need will be perpetuated.

Care's Programs by Activity

How Care's Expenses are Allocated

A charitable bequest is one or two sentences in your will or living trust that leave to CARE 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

"I, [name], of [city, state, ZIP], give, devise and bequeath to CARE [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 CARE 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 gift 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 receive an immediate federal income tax charitable deduction. 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 CARE as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 CARE 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 CARE where you agree to make a gift to CARE 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.