Ways to Give
Your Gift Brings You Closer
You want to leave money to Illinois CancerCare Foundation in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both. In as little as one sentence, you can complete your gift. This type of donation to Illinois CancerCare Foundation in your will or living trust, helps ensure that we continue our mission for years to come.
You Give. You Receive.
There’s a way for you to support Illinois CancerCare Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Beneficiary Designations Are Easy and Flexible
Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three, simple steps to make this type of gift. Here’s how to name Illinois CancerCare Foundation as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
The Advantages of a Charitable Remainder Trust
If you have built a sizeable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Honor Someone Special With a Future Gift in Their Name
If you have a loved one who has been impacted by Illinois CancerCare Foundation, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.
Support the Important Causes in Your Life
Harness the Giving Power of a Private Foundation
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Illinois CancerCare Foundation and other charities. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend-but not direct-how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
Discover All of Your Options
Want to make a big gift to Illinois CancerCare Foundation without touching your bank account? Consider giving us real estate. Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. This eliminates capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.
Another benefit: You don’t have to hassle with selling the real estate. You can deed the property directly to Illinois CancerCare Foundation or ask your attorney to add a few sentences in your will or trust agreement.
Ways to Give Real Estate
You can give real estate to Illinois CancerCare Foundation in the following ways:
- An outright gift – When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.
- A gift in your will or living trust – A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for Illinois CancerCare Foundation continues after your lifetime.
- A retained life estate – Perhaps you like the tax advantages a gift of real estate to our organization would offer, but you want to continue living in your personal residence for your lifetime. You can transfer your personal residence or farm to Illinois CancerCare Foundation but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though Illinois CancerCare Foundation would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you qualify for a federal income tax charitable deduction for a portion of your home’s value.
- A deferred charitable gift annuity – Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to Illinois CancerCare Foundation in exchange for reliable payments for life for you (and someone else, if you choose). When you arrange a charitable gift annuity, you receive a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.
- A bargain sale – Want to sell us your property for less than the fair market value? A “bargain sale” may be the answer. When you make a bargain sale, you sell your property to our organization for less than what it’s worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction (when you itemize) at the same time.
- A charitable remainder unitrust – You can contribute any type of appreciated real estate you’ve owned for more than one year, provided it’s unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.
- A charitable lead trust – This gift can be a wonderful way for you to benefit Illinois CancerCare Foundation and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.
- A donor advised fund – When you transfer real estate to your donor advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize on your taxes.
Protect Your Assets
Charitable Lead Trusts Offer You Options
You can benefit from the tax savings that result from supporting Illinois CancerCare Foundation without giving up the assets that you’d like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to the Illinois CancerCare Foundation:
- A charitable lead annuity trust pays a fixed amount each year to the Illinois CancerCare Foundation and is more attractive when interest rates are low.
- A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to the Illinois CancerCare Foundation go up as well.
In your work as a professional advisor, you value professionalism, integrity and honesty, taking the utmost care when serving your clients. As a nonprofit organization, we share your values and take the same care when it comes to helping our donors plan charitable gifts to Illinois CancerCare Foundation. Please use these tools as you help your clients with their charitable plans, and feel free to contact us for more information or assistance.
Volunteers play an important role in helping us advance our mission. To volunteer, please click here and fill out the form indicating your interest to volunteer in the subject line.
In-kind donations of products or services are perfect for auction and raffle items for events and help us to raise funds for our patient programs and initiatives. For more information or to make an in-kind gift, please call the Foundation at 309-243-3437 or email us at email@example.com.
Honor someone special, a special occasion, or the memory of a loved one with a gift to the Illinois CancerCare Foundation. A tribute, memorial or honorarium gift celebrates the life of your loved one while providing hope to others and touching the lives of our patients and families during such a difficult time. The individual being recognized, or their closest family member, will be sent an acknowledgement card or letter letting them know of your gift.
Many employees have the option of increasing their gift to the Illinois CancerCare Foundation through their company’s matching gift program. Before making a gift to the Illinois CancerCare Foundation, please check with your employer about matching gift opportunities available to you. Many employers will match their employee’s and/or retirees’ gifts to non-profit organizations – allowing your gift to go twice as far.
Most Human Resources departments maintain information about such programs as well as the appropriate forms needed for the matching gift. Central Illinois companies who offer matching programs include:
- PNC Bank
- RLI Corp.
- Verizon Foundation
- JPMorgan Chase
If your employer has a matching gift program and is not listed above, please let us know by calling 309-243-3437 or email us at firstname.lastname@example.org.
The Illinois CancerCare Foundation is committed to patients and their families from throughout central Illinois, which is why all funds raised are used to support patients regardless of which Illinois CancerCare Clinic they are being treated at. We are committed to creating and maintaining a strong relationship with individuals and businesses in our community through events and partnerships. Events hosted by or supporting the Illinois CancerCare Foundation provide support to local cancer patients and their families and the community through educational programs and research initiatives.
For interested businesses and individuals, here are some ways you can support the Illinois CancerCare Foundation:
- Create and sponsor a fundraising event to benefit the Illinois CancerCare Foundation
- Become a sponsor for an existing or new event
- Provide volunteers at an Illinois CancerCare Foundation sponsored event or a third-party event
Please click here to review the Foundation’s Third Party fundraising policy and Application Form.
The Illinois CancerCare Foundation’s Annual Giving program was created to provide a solid and reliable financial base of support from our many friends to fulfill our mission of support to cancer patients and their families. Annual giving enhances services for our cancer patients and ensures that those services will be available to support the growing number of patients in years to come. Any tax-deductible gift received through charitable event attendance, mail appeals, memorial or honoraria gifts, or outright donations are credited toward the Foundation’s Annual Giving program.
|Annual Giving Level||Giving Category|
|$10,000 and above||Discovery|
For more information about the Foundation’s Annual Giving program, please call 309-243-3437 or email us at email@example.com.
Tools for Professional Advisors
Legal name: Illinois CancerCare Foundation
Federal tax ID number: Please contact us for our federal tax ID number.
Located in: 8940 N. Wood Sage Road Peoria, IL 61615
See the Benefits Today
Provide your clients with a free, no-obligation illustration of their gift to Illinois CancerCare Foundation with our Gift Illustrator tool. Instantly calculate deductions, tax savings and other benefits for multiple gift types.
Make a Gift to Illinois CancerCare Foundation in Your Will
If your clients are interested in supporting Illinois CancerCare Foundation with a gift in their will, we have provided sample bequest language that they can bring to their estate planning attorney.
Partner With Us
We understand that gifts to charities such as Illinois CancerCare Foundation can be an important part of your clients’ overall financial and estate plans. That’s why we’re committed to working with you to ensure that your clients find the charitable arrangements that best meet their needs. We believe that charitable planning is a process that ideally involves the donor, professional advisors and our gift planning staff—all working together to arrange the best gift possible.