Planned Giving

A Simple Bequest Through Your Will

The simplest and most common way to make a planned gift to the Altrusa International Foundation is through your will.  A bequest can be as simple as a statement in your will that can be added at any time by your attorney.  The common types of bequests include:

- A specific dollar amount left to an organization in a will;

- A residual bequest stating that after all estate expenses are paid, then a percentage of the residual is given to an organization; or

- A contingent bequest stating that if the primary beneficiary of the estate does not survive you or claim the bequest, then, the bequest is given to the specified organization.

 

A Gift Through Your Retirement Plan, Annuity, or Trust

The Altrusa International Foundation Inc. can be named as the direct, or the contingent beneficiary, or all, or part of your IRA, 401(k), or other qualified retirement plan, if you or your family does not need all the funds in your retirement accounts.  Such gifts from pension and profit sharing plans, IRAs, deferred comensation arrangements and stock options make excellent deferred gifts.  Depending on the size of your estate, distributions from such accounts may be subject to federal, and in some cases, state income taxes.  This type of gift may have the additional advantage that it may significantly decrease your estate taxes because a gift to the Altrusa International Foundation, Inc. from such accounts is not subject to estate taxes.

 

A Gift Through Your Life Insurance Policy

Another simple way of making a deferred gift is to name the Altrusa International Foundation, Inc. as the beneficiary of a life insurance policy death benefit.  Such a gift may have the tax advantage of excluding the policy from your estate for estate and inheritance tax purposes.  Or you can name the Foundation irrevocably as the owner of the policy during your lifetime, and thereby receive an income tax charitable deduction.  Life insurance gifts are relatively painless to make, as they are not ordinarily part of the pool of assets, which you need for lifetime support, or retirement income needs.  Check with your life insurance agent for the details that apply to your specific policy.

 

A Gift Through Other Forms of Deferred Giving

There are also many types of other complex types of deferred giving to use for different types of assets, or in different circumstances.  Some of these techniques are particularly advantageous for those who hold appreciated stock.  Depending on the size of your estate, and the kind of trust you establish, these gifts may offer you significant tax advantages now through an income tax deduction, or later through reduced estate taxes.  Examples of such complex forms of deferred giving include Charitable Remainder Trusts (CRT), Charitable Lead Trusts, and Charitable Gift Annuities.

 

What Steps Can I Take to Prepare Myself for a Visit With a Lawyer?

1. Inventory your possessions

2. Thoughtfully consider who you wish to include as a recipient

3. Choose a personal representative referred to as the Executor

4. Choose a guardian to take care of any individuals who have not reached the age of majority

5. If you are considering making a charitable gift to a favorite charity, such as the Altrusa International Foundation, Inc., be sure to stipulate their legal title.  Your gift may be a specific amount, or you may indicate a percentage of your estate to be used for restricted or unrestricted purposes.

6. Now you are ready to meet with a lawyer

 

Altrusa International Foundation's Donor Roundtable

 The Altrusa International Foundation has set up a special program for Altrusans who have made arrangements to provide a charitable gift to the Foundation through their personal planned giving.  This program is called the Donor Roundtable.  When the International Foundation is informed that an arrangement for a charitable gift to the Foundation has been set up by an individual, that persona is include in the Foundation's Donor Roundtable.  The donor has the option of having their gift kept anonymous, or they could be listed as a contributor to the Roundtable (monetary amount will also be kept confidential).

 

Those Altrusans in the Donor Roundtable will receive special recognition at the Altrusa International Conventions during the Foundation Breakfast, unless they choose to remain anonymous.

For more information on how to enroll in the Donor Roundtable, contact the Altrusa International Foundation office at 312-427-4410 or email foundation@altrusa.org . The form to advise the Foundation office of your gift is available here or it can be mailed to you upon request.

 

There are many legacies that were established from the Principles of Altrusa handed down from Mamie L. Bass in the 1920s to the thousands upon thousands of service projects that Altrusans have provided to the communities in which they live.  There is another type of legacy that Altrusans have also left for decades - a special gift to the Altrusa International Foundation through planned giving.

Planned Giving is simply an organized method for providing charitable gifts that are given to an individual or an organization through estate planning.  Estate planning may seem daunting, but there are many resources available should you decided to include charitable giving in your estate plan.  Estate planning information can be obtained from your attorney, accountant, insurance company or financial investment firm.

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