Leaving A Legacy | How to Make a Planned Gift
Imagine a future where no cancer patient must choose between paying their mortgage or buying food while going through cancer treatment.
Every planned gift to CPSF—no matter how big or small—will help make sure cancer patients in Vermont receive support and financial assistance when they need it most.
By making a planned gift today, you can help grow CPSF’s Investment Fund and provide transformative and sustaining support for CPSF’s mission—now and forever.
There are many different ways to make a planned gift and you don’t need to be wealthy to do so.
A Gift Through a Will or Trust
Making a planned gift through your will or bequest is simple. All you need to do is to include this information in your will or bequest: “I give and bequeath unto Cancer Patient Support Foundation, Tax ID 03-0365270, $______ or _______% to be used for general purposes.
Traditional IRA Required Minimum Distribution
As you plan your Required Minimum Distribution (RMD) each year, consider using your Traditional IRA account to make the most of your charitable giving. The Qualified Charitable Distribution is an excellent way to support CPSF and receive tax benefits in return. It’s important to consider your tax situation before deciding whether to make a charitable contribution from your IRA. Be sure to discuss this gift plan with your financial advisor.
We encourage you to talk with your financial advisor or estate planning attorney about your goals and what planned giving options might be best for you. Here are just a few examples:
IRA or Life Insurance Beneficiary Designations
Naming CPSF as a full or partial beneficiary of your life insurance policy or a retirement fund is an easy and flexible way to leave a legacy. You are not locked into the choices you make today because you can review and adjust your beneficiary designations at any time. Be sure to use our full name: Cancer Patient Support Foundation. If needed, our Tax ID number is 03-0365270.
Charitable Gift Annuity
If you wish to make a planned gift to CPSF now and still recieve an income during your lifetime, a Charitable Gift Annuity (CGA) may be an effective tool to consider. When you create a CGA, you give cash or appreciated stock to a charity, and in return, you receive a fixed income during your lifetime. You also take an immediate income tax deduction for the entirety of your gift. The Vermont Community Foundation provides free help to create a CGA with a minimum contribution of $25,000.