There are others ways to make a difference without hosting an event. Some examples include:
- Planned Giving
- Estate Planning/Leaving a Legacy
- Bequests
- Life Income Gifts
- Life Estate
- Charitable Lead Trust
- Life Insurance
- Corporate Donations and Matching Gift Program
- Payroll Deductions
- Retirement Plan Assets Beneficiary Designation
Let's take a closer look at these options.
Your planned gift to the Cutaneous Lymphoma Foundation can be a significant, meaningful way for you to positively impact the lives of people affected by cutaneous lymphoma now and in the future. As your partner in planned giving, we’ll help you realize your financial goals now and carry forward your charitable spirit in the years ahead.
Please also remember that every gift of any size is important and will help us make sure that each person with cutaneous lymphoma gets the best care possible.
Options for planned giving are many and, while a bequest in a will is the most common, others such as life insurance and retirement plan assets are other attractive planned giving options.
Many planned gifts originate from those with only modest incomes. Individuals with wealth are also good candidates. All candidates must have a serious commitment to the organization. A bequest, or gift through your will, is one of the simplest ways to make a lasting gift to the Cutaneous Lymphoma Foundation. It allows you to balance your philanthropic goals with concerns that you may have about future living expenses, future medical costs, and loved ones. You don’t have to be wealthy to make a bequest.
No matter the amount, every gift is important.
You must make such a bequest in your will or in a properly prepared codicil-in writing, signed by you, and witnessed according to the laws of your state. You can specify that the bequest be used for a certain purpose, or you can make it an unrestricted gift. An unrestricted gift will be used where it is most needed. Bequests are deductible from your gross estate and can therefore offer estate tax savings.
Life Income Gifts
This plan offers the donor income in return for making an irrevocable gift. The income may be variable or fixed and last for lifetime(s), a certain numbers of years, or both.
Life Estate
This provides the Foundation with the gift of a residence or farm while allowing the donor the right to continue to live there for the remainder of his or her life.
Charitable Lead Trust
This trust provides the Foundation with income for a term of years and leaves the remainder to the donor's heirs.
Life Insurance
This designation provides the foundation to receive benefits upon the death of the insured.
For some, estate planning can be an overwhelming and expensive process. We have recently learned of a new resource available to everyone at FreeWill.com. Freewill is a service offering a variety of tools, one of which is a free estate planning tool designed to be simple and free, with a great reputation and reliability rating.
Visit FreeWill.com or use the QR code to learn more.
Corporate Donations and Matching Gift Program
This area is perhaps our greatest, untapped resource. Most large corporations budget for charitable contributions. Many prefer to give to causes that help their employees or families. These funds are usually available on a first-served basis. Hence, if you never ask, you surely will never receive.
Payroll Deductions
Many friends and co-workers give to important causes each year by using this painless tool. The Foundation receives donations through the United Way or Combined Federal Campaigns from many of our members. Contact your Human Resources Department for more information.
Retirement Plan Assets Beneficiary Designation
Designate the Cutaneous Lymphoma Foundation beneficiary of your retirement plan assets allowing you to avoid the very high tax burden associated with these assets.
Please contact the Cutaneous Lymphoma Foundation at 248.644.9014 to discuss your planned giving options.
Informing us of your plans is a good idea for several reasons. First, it allows you to ensure that we understand your wishes so that your gift will be used exactly as you intend. Second, it allows the Foundation to make note of your gift as we plan for the future. And, importantly, it gives us the opportunity to honor you and express our appreciation in a variety of ways.
Please remember the Cutaneous Lymphoma Foundation in your estate plan. If you have already included the Foundation in your estate plans, please contact the office so our staff can thank you for your gift and keep you informed of our ongoing activities.
If you are considering making a planned gift and have not yet decided the form of your gift, please contact your estate planner.
Suggested Wording:
“I hereby bequeath the sum of $ as a charitable bequest to the Cutaneous Lymphoma Foundation (Tax ID 38-3443135), Warren, Michigan, to be used for the charitable purposes of such organization.”
Cutaneous Lymphoma Foundation's 990 Forms