There are a variety of ways to support the AIDS Foundation of Chicago (AFC) through your estate plans, and each option has its own tax benefits. Informed decisions about your estate planning options can help you ensure that you have provided for yourself, your family and your loved ones while also supporting AFC.
A will, or bequest, is an easy but important way for you to ensure that your assets are distributed the way you wish and that you have provided for your family and loved ones. A charitable bequest can also benefit your heirs by placing your estate in a lower tax bracket and is completely tax deductible. AFC encourages you to consult with an estate-planning professional when making out your will.
You can designate AFC as the recipient of a cash gift, a percentage, or residual remainder of your estate. It is important to use a detailed designation in your will. For example:
- "I leave [dollar amount] to the AIDS Foundation of Chicago, 200 West Jackson Boulevard, Suite 2200, Chicago, IL 60606."
- "I give [percentage amount] of my estate to the AIDS Foundation of Chicago, 200 West Jackson Boulevard, Suite 2200, Chicago, IL 60606."
- "I bequeath all [or percentage] of the rest, residue, and remainder of my estate, both real or pers onal, to the AIDS Foundation of Chicago, 200 West Jackson Boulevard, Suite 2200, Chicago, IL 60606."
By leaving a bequest to the AIDS Foundation of Chicago, you are establishing a philanthropic legacy that will continue to provide care and prevention services to individuals living with, affected by, and at risk for HIV/AIDS in the Chicago metropolitan area.
Other Planned Gifts
A meaningful donation can be made by simply naming AFC as the beneficiary of an existing account:
- Make AFC the Beneficiary of your Life Insurance Policy.
(In order for this to transfer smoothly, make sure you name AFC as both the owner and the beneficiary. AFC can only accept paid-up policies.)
- Make AFC the Beneficiary or Contingent Beneficiary of your IRA or other Retirement Plan.
If you are interested in establishing a planned gift, please contact
, AFC Deputy Director of External Relations, at (312) 334-0917. AFC encourages you to consult with an estate-planning professional when considering a planned gift.