A Federally Tax-Exempt Illinois Not for Profit Corporation
GIFTS OF CASH
The simplest and most popular way to make a contribution is to write a check.
Your gift can be unrestricted, giving the Center the freedom to apply it where it is
most needed, or you may restrict your gift to an area of your own particular interest.
GIFTS TO THE ENDOWMENT FUND
Your investment in this fund helps to secure the future of the Center. The
principal of the fund is never touched. The annual interest is used to fund current
operations.
MEMORIAL GIFTS
You may want to consider a gift in memory of a loved one. Memorial gifts are
used for current operations unless otherwise specified.
NAMED PROGRAMS
You may establish a program in memory of a loved one or in your family name.
MATCHING GIFTS
Check if your or your spouse’s company has a matching gift program in order to
double or even triple your contribution to the Center. It is as simple as filling out the
form from your company and forwarding it to the Center. Matching gifts from
corporations and foundations may also apply when donating securities.
PLANNED GIVING
Making a contribution by using a planned gift is becoming increasingly popular.
Through careful gift planning, you can have a more significant impact on the future of
the Center. A thoughtfully chosen gift method can also allow our benefactors to meet
their own needs and responsibilities while, at the same time, ensure the strength of
the Center. A planned gift is one that is not an outright gift of cash, but is a deferred
gift or a gift that involves special tax considerations. Included are commitments
through bequests, trusts, gift annuities, insurance policies or gifts involving
securities, real estate or gifts-in-kind. The planned gifts may be designated for the
endowment, special programs or unrestricted use.
DEFERRED GIFTS
The traditional planned gift is the bequest. Because a bequest is a gift made in a
will, the individual making the gift retains full use of the property during his or her
lifetime.
Another type of gift is the charitable remainder trust, which can be arranged to
produce extra income, provide for retirement, or cover the cost of educating a child
or grandchild. The donor is also allowed to take an immediate tax deduction for a
percentage of the principal invested in the trust. When the trust ends, the remaining
trust principal is given to the Center.
GIFTS OF SECURITIES AND PROPERTY
There are considerable tax advantages to the transfer of stocks, real estate or
other securities to the Center. For example, appreciated securities can be
transferred to the Center with the donor receiving a tax deduction for the full market
value of the property and escaping potential capital gains tax.
GIFTS OF LIFE INSURANCE
A way to invest in the Center with a significant gift at a low cost is through the
purchase of a life insurance policy. By naming the Center as the irrevocable owner
and beneficiary, premium payments can be tax deductible. You may wish to take out
a policy or you may already have a policy and wish to name the Center as the
irrevocable owner and beneficiary. In this way you assure a substantial gift to the
Center at a relatively low cost.
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