Make AAFA a Part of Your Legacy Through Planned Giving
We don’t have a cure for asthma or allergies yet. But your planned gift will help the Asthma and Allergy Foundation of America (AAFA) continue to educate families, fight for patient rights, and search for a cure.
What Is Planned Giving?
Planned giving is like an investment in a non-profit group. You can donate during your lifetime or after. You would usually make this decision as a part of your financial or estate planning. This can be helpful to you and your family. It also allows you to leave a legacy to support the future of AAFA.
With a planned gift you can:
- Give a larger gift than you thought possible
- Take care of the financial needs of your family first
- Leave inheritances for your heirs at a lower tax rate
- Reduce your income tax
- Vary your investments
- Increase income and rate of return
- Leave a legacy without giving up assets
Life Without Limits Society
If you donate to AAFA through planned giving, we will make you a member of the Life Without Limits Society. We realize that you are pledging to make a difference the health of future patients. So we want to let you know how we will use your gifts.
Legacy donors have made a special commitment to AAFA. This ensures our work will go on for those affected by asthma and allergies until we find a cure.
Planned Giving Options
There are many ways to include AAFA in your financial planning. At the same time, you and your family may get some tax benefits. AAFA can work with you, your family and financial advisor to plan giving that works best for you.
Giving to AAFA through your will is easy. It’s also one of the most popular ways to give. You name AAFA as a beneficiary in your will. This can help your estate avoid big tax penalties. You can set it up to give a certain amount, a percentage or what is left over from your estate. If your will is already written, you can still add AAFA in an amendment to your will, called a codicil.
To make a bequest to AAFA, give the following language to your lawyer:
“I give, devise, and bequeath to the Asthma and Allergy Foundation of America National Office the sum of ___ (or specify a percentage of the estate or otherwise describe the gift).”
You can name AAFA as a primary or partial beneficiary of your retirement plan. This type of planned gift is simple. Ask the administrator of your retirement plan for a beneficiary designation form. On the form, name AAFA as a beneficiary of the retirement plan assets. Right now, your retirement assets may be subject to federal, estate and income taxes. This can consume a large portion of the plan’s value. But if you choose a charity as a beneficiary, you can receive significant tax savings on your retirement plan assets.
You can elect AAFA as a primary or backup beneficiary on a new or existing life insurance policy. After your lifetime, benefits from your policy pass to AAFA free from federal estate tax.
Life Income Gift
To make a life income gift, you would make a permanent transfer of money to AAFA now. Then, you or your beneficiaries receive an income for life. There are two main types of life income gifts: a charitable remainder annuity trust and a charitable remainder unitrust.
A charitable remainder annuity trust pays a fixed dollar amount each year. This is based on the original value of the property transferred to the trust. This type of annuity trust is often favored by donors who are more interested in receiving a fixed income than in chancing a changing market.
A charitable remainder unitrust provides changing income payments to the income beneficiaries. This is based on a fixed percentage of at least 5 percent of the annually revalued trust. Both of these options provide you with income tax benefits.
Gifts of Stock
Giving valued stock is an easy and tax-efficient way to make a gift to AAFA. This offers a two-fold tax advantage. You may avoid paying capital gains tax on the increase in value of the stock. And you may receive an income tax deduction for the full fair market value of the stock at the time of the gift.
For More Information
Some of these planned giving ideas may have a greater tax benefit to you than others. So talk to your lawyer or financial advisor on which strategy would work best for you. For more details on planned giving, contact gro.afaa@esiardnuf or (202) 466-7643 ext. 247. We will keep your inquiries private and you are not obligated to make a gift.