Unlocking the Power of Planned Giving
Planned giving is a thoughtful and strategic way to leave a lasting impact. Incorporating charitable giving into your estate plans ensures your philanthropic goals will continue for years, even decades beyond your lifetime. You can help us fulfill our mission, whatever the future holds for peripheral neuropathy. Start here by learning the options available to you.
Will planning: Simple and Flexible
An easy and popular way to leave a legacy is by making a gift through your will or living trust. The bequest can be a percentage of your assets or a fixed amount. Have your attorney use this language: “I give, devise, and bequeath to The Foundation for Peripheral Neuropathy, whose office address is 485 E Half Day Rd Ste 350,
Buffalo Grove, IL 60089-8808, [written amount or percentage of the estate] for its unrestricted use and purpose.”
Beneficiary designations: Naming FPN
There are two primary ways to make a beneficiary designation: 1. Name The Foundation for Peripheral Neuropathy as a primary or secondary life insurance beneficiary and 2. Make a gift by naming The Foundation for Peripheral Neuropathy as a remainder beneficiary in your 401(k) or IRA.
IRA Charitable Rollovers: RMD benefits!
For individuals aged 70½ or older, the IRA charitable rollover allows you to donate up to $100,000 annually directly from your Individual Retirement Account (IRA) to a qualified nonprofit. This contribution counts towards your Required Minimum Distribution (RMD) and offers potential tax benefits.
Charitable remainder trusts: Giving while generating income
Charitable remainder trusts allow you to receive payment from the trust during your lifetime, with the remaining assets going to the nonprofit upon their passing. This method provides financial benefits to the donor and ensures sustained support for the nonprofit in the future.
Charitable gift annuity: Gifts that pay you income for life
Similar to charitable remainder trusts, charitable gift annuities provide donors with a fixed income stream for life. After death, the remaining assets go to the designated nonprofit. This approach allows donors to support their chosen cause while securing a predictable retirement income.
Charitable lead trusts: Preserve assets for your heirs
In a Charitable Lead Trust, donors transfer assets to the trust, which makes regular payments to the nonprofit for a specified period. After this period, the remaining assets are transferred back to the donor or their heirs. This strategy allows donors to support a nonprofit during their lifetime while still retaining control of the assets for their family’s future.
If you have additional questions about Planned Giving, please contact us at 847-883-9942 or [email protected].