Planned Giving

Brain Research Foundation is a 501c-3 organization.

Planned giving offers extra benefits

The benefits of planned giving are even greater than that of a one-time gift. Planned giving includes:


Bequests

A bequest or trust distribution to the Brain Research Foundation will reduce the value of your estate for federal estate tax purposes, and will also be exempt from state inheritance taxes. A bequest can deliver a specific dollar amount or asset, or it can give us a percentage of the remainder of your estate. It can also be payable as a contingent gift, in the case that an individual beneficiary does not survive you.

To learn more about bequests, please contact the Brain Research Foundation at 312-759-5150.

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Donating life insurance

If you choose to name the Brain Research Foundation as the beneficiary of your life insurance policy, your estate will receive a deduction for the net proceeds we receive at your death. Another option for gifts of insurance is for you to give the entire policy to Brain Research Foundation outright by designating us as the owner and beneficiary. In so doing, you will receive a charitable income tax deduction that, in most cases, is equal to your cost basis in the policy.

To learn more about designating the Brain Research Foundation as the beneficiary of your life insurance policy, please contact us at 312-759-5150.

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Donating retirement funds

Did you know you can designate the Brain Research Foundation as the beneficiary of your retirement plan? When these assets are received, they are usually not subject to income or estate tax. When family members receive these assets, however, they are subject to both taxes, sometimes leaving little money for the beneficiaries.

To learn more about donating retirement funds to the Brain Research Foundation, please contact us at 312-759-5150.

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Creating a charitable remainder trust

A charitable remainder trust is a gift to a trust in which the donor and the donor’s spouse retain an annuity interest for life. Upon the death of the donor or spouse, the trust principle goes to the Brain Research Foundation. The donor is entitled to a current income tax deduction for the actuarial value of the remainder interest. This is especially effective with a gift of appropriate securities to the trust, since the donor then avoids paying capital gains tax on the securities.

To learn more about charitable remainder trusts, please contact the Brain Research Foundation at 312-759-5150.

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