You can include a bequest for the Campaign for Tobacco-Free Kids in your will, either unrestricted or direct it to a specific program or event. The gift can be a specific amount or a percentage of the estate.
There are several benefits for you with a bequest:
Your assets remain in your control during your life and if you need them, they are available.
It is easy to change your bequest, because it is easy to change your will with your attorney, based on your specific circumstances.
You can also direct your bequest based on your specific areas of interest at the Campaign for Tobacco-Free Kids (please contact us and we can assist you on the best way to meet your charitable goals)
There is no maximum limit on the amount of your bequest, so any amount of a bequest is excluded from your estate for estate tax purposes.
A gift to the Campaign for Tobacco-Free Kids in your will or revocable trust demonstrates your confidence that we will continue to serve our mission and make a difference in the health of children, teens, and adults both here in the United States and around the world.
Residual Bequest Language:
A residual bequest comes to us after your estate expenses and specific bequests are paid.
I give and devise to the Campaign for Tobacco-Free Kids located in Washington, DC all (or state percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or a specific program or event that you have selected)
Specific Bequest Language:
Naming Campaign for Tobacco-Free Kids as a beneficiary of a specific amount from your estate is easy.
I give and devise to the Campaign for Tobacco-Free Kids located in Washington, DC, the sum of $__________ to be used for its general support (or a specific program or event that you have selected)
Contingent Bequest Language:
The Campaign for Tobacco-Free Kids can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled.
If (insert name) is not living at the time of my demise, I give and devise to the Campaign for Tobacco-Free Kids located in Washington, DC, the sum of $__________ (or a percentage of the residue of my estate) to be used for its general support (or a specific program or event that you have selected)
You can transfer stocks, bonds, or mutual fund shares that you have owned for one year or more to the Campaign for Tobacco-Free Kids. The Campaign for Tobacco-Free Kids accepts them and uses these assets to support our anti-tobacco work. This can give you an immediate income tax deduction for the fair market value of the securities on the date of transfer, regardless of what you paid for the securities. Thus, you may be able to avoid paying any capital gains taxes on those investments.
You can transfer the deed to your home, vacation property, undeveloped property, or commercial real estate to the Campaign for Tobacco-Free Kids and we will use the property for our purpose or sell it and use the proceeds to support our anti-tobacco work. The Campaign for Tobacco-Free Kids can only accept real estate upon the approval of our Gift Acceptance Committee based upon guidelines approved by our Board.
You can name the Campaign for Tobacco-Free Kids as a beneficiary of your IRA, 401(k) or other qualified plan. You can also designate us to receive all or a portion of the balance of your plan through your plan administrator, and the balance in the plan is forwarded to the Campaign for Tobacco-Free Kids after your passing.
This can be a very beneficial estate planning method, because unlike many other assets in your estate, your retirement plan(s)may be subject to estate taxes, federal income taxes, state income taxes, state inheritance taxes, and possibly other taxes for your heirs. This “double” taxation can be avoided if you designate a charity as the recipient of your retirement plan. In fact, all of the potential taxes just mentioned can be avoided, and you can continue to receive your regular lifetime withdrawals. If your family’s needs change, it is simple to change the beneficiary of your plan.
In addition, making a gift from a retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you have completed the change, return the form to your plan administrator and notify the Campaign for Tobacco-Free Kids. The designation can be customized to meet your goals, and we would be happy to assist with the proper language. We can work with you, your attorney, and other estate advisors to achieve your specific philanthropic goals.
You can make a future gift to the Campaign for Tobacco-Free Kids by naming us beneficiary and/or owner of a life insurance policy. Annual gifts made to the Campaign for Tobacco-Free Kids or the policy premiums may also allow you to receive a current tax deduction. Then when the policy matures, the proceeds are paid to the Campaign for Tobacco-Free kids, and we use your gift in the area that you have designated.
There are many benefits to this type of estate gift, including: you are making a significant gift without using an asset that you need for retirement, you can receive current income tax deductions for premiums paid to the Campaign for Tobacco-Free Kids, and you are helping us build financial strength for the future.
Although we do not offer charitable gift annuities or act as trustee for charitable trusts, many philanthropic individuals use these instruments in their estate planning. If you are considering one of these methods in your planning or have the ability to change the charitable beneficiaries, we hope you consider the Campaign for Tobacco-Free Kids as a beneficiary. You can give a portion of the charitable remainder of these and designate it according to your charitable goals.
Campaign for Tobacco-Free Kids
1400 Eye Street N.W.
Washington, DC 20005
Federal ID # - 52-1969967
We recommend that you consult with your tax advisor before proceeding with any of the gift techniques listed here.