Planned giving is sometimes referred to as gift planning. It is defined as a method to support non-profits and charities in ways that enable philanthropic individuals to make larger gifts than they could make from their income. For more detailed information about planned giving, the different types of planned giving, tax benefits, etc., please visit this link provided: Plannedgiving.com.
Gifts of Stock
Mail Transfer of Stock Certificate Please have your stock certificate sent to our address.
Some gift plans enable donors to make gifts to GCRI Foundation, Inc. while maintaining a stream of payments for themselves or others. Each income-producing gift also offers distinct tax benefits, all while helping to save cancer patients’ lives and help with research to advance health care.
If you are interested in this gift planning option, please contact us directly.
Retirement Plan or Life Insurance
If you would like to make GCRI Foundation, Inc. a beneficiary of your retirement plan or your life insurance policy to help improve and save lives, please write “GCRI Foundation, Inc.” where it requests the beneficiary’s name. Also, please add our tax ID number “46-1532226” where it requests the beneficiary’s Social Security number.
Wills and Bequests
A will is an easy way to donate your assets to provide much-needed funds for the supportive and educational services for cancer patients, cancer research, and the advancement of health care. For your real estate, a bequest can be made in any amount you choose, as a percentage of the total estate, or as a portion of the estate assets that remain after other specific bequest intentions have been satisfied. Your bequest can be designated to a specific cancer type, research, or any specific cause(s).
For your convenience, the following is an example of an appropriate wording for you to use as you draft your will.
Suggested example for giving a percentage of whatever remains in your real estate after all your financial obligations are satisfied and/or gifts are made:
“After settling all just debts, expenses and other specific gift provisions, I give, bequeath and devise ____ percent of the rest, residue and remainder of my estate to the GCRI Foundation, Inc. (Tax ID 46-1532226), a charitable corporation presently having offices at 2242 Camden Ave, Suite 203, San Jose, CA 95124.”
Suggested example for a gift of specific dollar amount or assets (e.g. house, bank CD, mutual funds, or securities).
“I give, bequeath and devise $ ___________ to the GCRI Foundation, Inc. (Tax ID 46-1532226), a charitable corporation presently having offices at 2242 Camden Ave, Suite 203, San Jose, CA 95124.”
Qualifications for IRA Transfer:
- Must be 70.5 years or older at the time of gift
- Transfers must be made from a traditional or Roth IRA account by your plan provider directly to GCRI Foundation, Inc. Please note: if you withdraw the funds, then contribute to GCRI Foundation, Inc., then you do not qualify for an IRA transfer.
- Benefits of an IRA Transfer to you:
- The amount donated will not count towards your gross income
- The IRA gift can be used to satisfy your Required Minimum Distribution
- Traditional IRA: There are no federal tax consequences
- Roth IRA: if the money amount that you donated has been in your account for at least three years, then you’d be free of federal taxes.