Leaving a Legacy of Choice
Bequests
Charitable Gift Annuities
Charitable Trusts
Gifts of Life Insurance
Retirement Plans and Other Investments
2007 IRA Charitable Rollover
Questions? Contact Us Today
Leaving a legacy gift to International Planned Parenthood Federation/Western Hemisphere Region, Inc. can benefit you and your loved ones through tax benefits while helping to improve the lives of millions of women, men and youth throughout Latin America and the Caribbean. Most importantly, you will know that we will continue to improve access to sexual and reproductive health – particularly among those most in need.
Once they have completed their estate planning, many donors send us a copy of the relevant section of their will or trust documents that details their bequest to IPPF/WHR. While not necessary, this helps us with our planning and allows us to keep you informed about our work. Please know that any information you send to IPPF/WHR is kept with the strictest of confidence and security.
IPPF/WHR honors the exceptional commitment of individuals who have left a legacy gift by welcoming them into the Rosa Cisneros Society. Rosa was a brilliant human rights lawyer and former Executive Director of IPPF/WHR’s Member Association in El Salvador. IPPF/WHR has named its legacy society in honor of her lifelong dedication to improving women’s lives.
By becoming a member of the Rosa Cisneros Society, you assert your lasting commitment to support IPPF/WHR in our fight to ensure that every woman, man, and young person throughout Latin America and the Caribbean has the sexual and reproductive health care they need and deserve.
Bequests
Leaving a bequest is one of the most common–and simplest–ways to leave a legacy gift.
The four basic ways to leave a bequest to IPPF/WHR are:
Specific Bequest: Designate the amount of money or specific asset (property, securities, etc.) you wish to donate.
Percentage Bequest: Designate the percentage of your estate you want distributed to IPPF/WHR.
Residuary Bequest: Instruct that any remaining part of your estate be distributed to IPPF/WHR after distributions are made to family, friends, and others.
Contingent Bequest: Instruct that IPPF/WHR receive assets in the event that a beneficiary in your will is no longer living.
Sample bequest language:
I give and bequeath the sum of $__________ (or ____% of my estate) to International Planned Parenthood Federation/Western Hemisphere Region, Inc. to be used in support of its general charitable purposes.
If you would like to make a charitable bequest, our Federal Tax Exempt Number is 13-1845445.
A charitable gift annuity is a simple contract between you and IPPF/WHR. You can create one for as little as $5,000. In return for your irrevocable gift you and/or a loved one will receive fixed lifetime payments. Other potential benefits may include an immediate tax deduction, capital gains distributed over your lifetime, and removal of gift assets from your estate taxes. After the lifetime of the last beneficiary, IPPF/WHR will use the remaining assets for its sexual and reproductive health programs in Latin America and the Caribbean.
Submit an inquiry form for a charitable gift annuity.
Charitable Trusts
A charitable remainder trust provides income to you and/or another person for life or a stated number of years. The remaining principal passes to IPPF/WHR upon the death of the last income beneficiary. When the trust is created, you receive an immediate income tax deduction for the value of your gift to IPPF/WHR and you avoid estate taxes on the assets transferred. You may also eliminate potential capital gains taxes.
With a charitable lead trust, you transfer cash or appreciated property to a trust, which makes payments to IPPF/WHR for a period of time after which the assets of the trust are transferred to your beneficiaries. These trusts are particularly useful for managing capital gains and gift taxes for assets that have appreciated in value.
Gifts of Life Insurance
Another way to leave a legacy of choice is to name IPPF/WHR as a beneficiary of any individual or group life insurance policy. You will get an estate tax deduction for insurance proceeds that go to IPPF/WHR upon your death.
Retirement Plans and Other Investments
An IRA, 401(K), 403(b) or another qualified retirement plan has tax benefits for accumulating assets, but at death they maybe subject to income and estate taxes. Without planning, over 60% of the value of your tax-deferred accounts may go to taxes. Gifting these accounts makes use of the full value of the assets. To leave your IRA or other retirement plan to IPPF/WHR (either as primary or contingent beneficiary), request a change in beneficiary designation form from your retirement plan company.
2008 IRA Charitable Rollovers
If you are age 70 ½ or older, new legislation now allows you to make charitable gifts directly from an Individual Retirement Account (IRA). A special IRA charitable rollover permits individuals age 70½ and older to make direct transfers of up to $100,000 per year in 2008 to International Planned Parenthood Federation/Western Hemisphere Region, Inc. This special provision in the tax law is only available until December 31, 2008.
How do I know if an IRA charitable rollover is right for me?
• You are at least 70½ years old, AND
• You do not need the additional income generated by the minimum required distribution, OR
• Your charitable gifts already equal 50% of your adjusted gross income, so you do not benefit from an income tax charitable deduction for additional gifts, OR
• You are subject to the 2% rule that reduces your itemized deductions, OR
• You do not itemize deductions.
• To initiate an IRA charitable rollover, contact your IRA administrator. IPPF/WHR would be happy to provide a sample letter of direction. Be sure that you let IPPF/WHR know when to expect your gift and how you would like it designated.
Questions?
For details about how you can join, please complete and mail the attached reply form today or contact us at: giftplan@ippfwhr.org or by phone at (212) 214-0286.
If you have included IPPF/WHR in your will, life insurance, or estate plans, please let us know so that we may thank you appropriately for your generous commitment to IPPF/WHR. The materials found on our online planned giving pages are for informational purposes only. As with any decision involving your financial or estate plans, we strongly advise you to seek the advice of your financial advisor for your estate planning.
