A gift in your will or trust – or any other planned gift – allows you to make a significant contribution to the fight against Alzheimer’s and still provide for your own financial security during your lifetime. Your gift will help families affected by Alzheimer’s and support research for this devastating disease. Through your commitment to the Alzheimer’s Association, you support a cause that is important to you, while leaving a lasting legacy.
There are numerous types of planned gifts that generally fall into one of three categories: Gifts in your will or living trust, gifts that produce income and simple ways to give through beneficiary designations.
Simple Ways to Give That Cost You Nothing
Naming the Alzheimer’s Association as the beneficiary of an account is a simple way to give and doesn’t cost you any money or a trip to your attorney’s office to create. You can name a charity as the beneficiary of any of these accounts:
- Life insurance policies
- Commercial annuities
- Checking, savings or other financial accounts
- Individual retirement accounts
Simply contact your bank, insurance company or retirement account holder and request a beneficiary designation form.
For purposes of completing the form, our legal name is: The Alzheimer’s Disease and Related Disorders Association, Inc., 225 North Michigan Avenue, 17th Floor, Chicago, IL 60601. Tax identification number: 13-3039601
IRA Charitable Rollover
Under legislation enacted in December of 2015, you may be able to make a gift to charity with a distribution from your Individual Retirement Account (IRA), and take advantage of tax savings.
Here's how the IRA Charitable Rollover works:
- You must be 70½ or older at the time of distribution.
- Your gift counts toward your required minimum distribution but is not included in your income for income tax purposes.
- Even if you do not itemize your deductions, you benefit by removing your distribution from your taxable income.
- Your IRA administrator must make the distribution directly to the charity, or you may write a check payable to the charity from your IRA checkbook.
If you have any questions, please call our Planned Giving staff at 866-233-5148 or email us at email@example.com. Before proceeding, you should also consult with your tax advisor to discuss your particular situation including the possible impact of your state's tax laws.
Gifts may be sent to:
Attn: Planned Giving
225 North Michigan Avenue, Suite 1700
Chicago, IL 60601
A life income gift is an arrangement that provides you and/or your loved ones with income to help meet your financial needs during your lifetime and make a future gift to the Alzheimer’s Association. Types of life income gifts include charitable gift annuities, charitable remainder unitrusts and charitable remainder annuity trusts. Through a life income gift, you create a legacy of support for the Alzheimer’s Association.
Charitable Gift Annuity
If you would like to make a gift that provides you with income for life and receive a charitable tax deduction, a charitable gift annuity may be the best option for you. In exchange for a gift of cash or securities in the amount of $10,000 or more, the Alzheimer’s Association will pay you a fixed dollar amount for as long as you live. The rate and your annual payment are based on your age and the total amount of your gift.
- A gift annuity may be established for one or two people.
- You may choose monthly, quarterly, semiannual or annual payments.
- The payment amount is fixed, so you receive a steady and reliable amount each year.
- If securities are used to fund the gift annuity and the securities you transfer the securities to the Alzheimer’s Association before they are sold, you avoid capital gains tax on the sale.
- You receive a charitable deduction.
- A charitable gift annuity qualifies you for membership in our honorary Founders Society.
Charitable Remainder Unitrust
A charitable remainder unitrust is a legal document that allows you to irrevocably transfer assets that are invested for a period of time. The annual income from the trust is paid out to you and/or the people you name as beneficiaries. At the end of the trust term, the assets remaining in the trust are distributed to the Alzheimer’s Association.
- A unitrust is an excellent vehicle for gifts of appreciated stock or property, because the trust is tax exempt and does not pay capital gains tax when it sells the assets. The full sales proceeds remain in the trust to provide a payout to the income beneficiaries.
- You receive a current income tax deduction.
- The annual income payment is based on the trust’s earnings, so it varies over time.
- A charitable remainder unitrust qualifies you for membership in our honorary Founders Society.
Charitable Remainder Annuity Trust
The charitable remainder annuity trust is similar to the unitrust, except the payment is a fixed amount. You and/or the trust beneficiaries you designate, receive an annual payment that doesn’t vary over time or depend on the trust value.
- You irrevocably transfer assets to the trust.
- The trustee invests the assets and makes the annual payments.
- You receive a current income tax deduction.
- The payment is a fixed amount.
- The amount remaining at the end of the trust term is distributed to the Alzheimer’s Association.
- A charitable remainder annuity trust qualifies you for membership in our honorary Founders Society.
Charitable Lead Trust
With a charitable lead trust, you irrevocably transfer assets to the trust. The trustee makes payments to the Alzheimer’s Association for a set number of years. At the termination of that set period, the trust assets are transferred to you or to your heirs.
- You receive a charitable tax deduction.
- You, or your heirs, receive the appreciation in the trust assets when the corpus is distributed after the trust term.
- You effectively make an annual gift to the Alzheimer’s Association.
- If transferred to your loved ones, the assets are not subject to estate and gift taxes.
- This benefits those who have a large estate, which would be subject to gift and estate taxes.
- A charitable lead trust qualifies you for membership in our honorary Founders Society.
A gift to the Alzheimer’s Association in your will or trust, also known as a charitable bequest, allows you to retain control of your funds and other assets during your lifetime.
- This gift costs you nothing now, so there is no risk to your lifetime financial security.
- You gain the satisfaction of knowing your gift will support the leading non-profit in Alzheimer’s research, care, support and advocacy.
- Gifts in your will can be modified or revoked for any reason during your lifetime.
- Gifts in your will are exempt from estate taxes.
- A bequest qualifies you for membership in our honorary Founders Society.
Sample Gift Language/Tax ID
Suggested gift language: I give to the Alzheimer’s Disease and Related Disorders Association, Inc. (doing business as the Alzheimer’s Association), currently located at 225 North Michigan Avenue, 17th Floor, Chicago, IL 60601_______________(insert specific dollar amount or percentage) in support of its full mission. Federal tax identification number: 13-3039601.