A bequest is any gift — including personal property, stocks, bonds, jewelry, cash and real estate — given to an individual or organization through an estate plan or will. Bequests are the most popular type of planned gift given to nonprofits.
Individual Retirement Account (IRA):
An individual retirement account (IRA) allows you to save money for retirement in a tax-advantaged way. An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. IRA distributions can be made to NPCF if you are 72 years of age, and before December 31, 2020.
Required Minimum Distribution:
A required minimum distribution (RMD) is the amount of money that must be withdrawn from a traditional IRA, SEP, or SIMPLE individual retirement account (IRA) by owners and qualified retirement plan participants of retirement age. As of 2020, the age for withdrawing from retirement accounts changed. It now must happen by April 1 following the year account holders reach age 72 (prior to 2020, the RMD age had been 70½ years old). The retiree must then withdraw the RMD amount each subsequent year based on the current RMD calculation.
- Name National Pediatric Cancer Foundation as the primary or contingent beneficiary of an existing or new life insurance policy
- Use of dividends from existing policy. Assign annual dividends to the National Pediatric Cancer Foundation.
- Group term life insurance can also be used to meet your charitable giving objectives. Like individual policies, you can name NPCF as the beneficiary of the group term insurance coverage.
A stock donation to NPCF provides a tax deduction for the full fair market value. And because you are donating stock, your contribution and tax deduction may instantly increase over 20%. Stocks can be transferred directly to NPCF.