With a little planning, you have the opportunity to make a gift that will have a great impact on the Foundation and support both your personal and philanthropic objectives. The following gift planning options have special advantages, such as increased tax benefits, in addition to knowing that your gift will provide vital future support for students and the organization.
To show our gratitude, all donors who support the Evans Scholars Foundation through a planned gift are invited to join the Chick Evans Society. This is a new initiative begun by the Foundation in an effort to more formally honor and recognize our generous donors. Members will be invited to special events on the Evans Scholars calendar throughout the year.
A bequest made through your will is the most common type of planned gift and often is denoted as a specific amount or as a percentage of one’s estate. Donors are able to preserve needed living expenses, as a bequest is made at death. Endowed Named Scholarships also can be initiated upon death for a current cost of $125,000.
IRA, 401K or other retirement plan
Because retirement plan assets are taxed heavily at transfer to your heirs, these types of gifts offer a simple and tax-efficient way of transferring wealth to a charity.
The simplest way to make a life insurance gift is to name the Evans Scholars Foundation the beneficiary of an existing policy. As you periodically review your life insurance policy, consider designating the Evans Scholars as an additional beneficiary of the policy.
Other giving options are also available, including charitable gift annuities and charitable remainder trusts.
To join The Chick Evans Society, or for more information on giving options, contact Jerry Dudek at 847-724-4600 ext. 3730 or firstname.lastname@example.org.