VCF Planned Giving

8/9/2019 VCF Planned Giving

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Planned Givingbenefiting

Vannie E. Cook Jr. Cancer Foundation, Inc.

Vannie E. Cook Jr. Childrens Cancer &Hematology Clinic


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Vannie E. Cook Jr.Cancer Foundation, Inc.

Created in 1972,The Vannie E. Cook Jr. Cancer

Foundation, Inc. exists to provide resources forcancer treatment, research, cancer genetics andeducation in The Rio Grande Valley.


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Vannie E. Cook Jr. Childrens Cancer &

Hematology Clinic The mission of the Vannie E. Cook Jr. Childrens

Cancer and Hematology Clinic is to offercomprehensive care and treatment to children

of South Texas who suffer from cancer andblood disorders.

A joint effort of the Vannie E. Cook Jr. CancerFoundation, Inc., Baylor College of Medicine andTexas Children's Cancer Center.


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Family CharityTaxes

Estate DistributionOnly Three Places Available


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Keep in Mind

Most Americans thinkofcharitablegiving as: Cash or writing checks

Gifts of used items

Few Americans are aware of:

Gifts of Securities or Real Estate or other assets Bequests and Beneficiary Designation Gifts Life Income Opportunities


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Current Gifts

Cash Matching Gifts

Securities

Real Estate


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Dual-Benefit Gifts

Charitable RemainderTrusts

Charitable LeadTrusts

Charitable Gift Annuities

RetainedLife Estates


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Revocable After-Lifetime Gifts

Bequest in Willor Living TrustGiftofRetirement Assets

GiftofLife Insurance


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Bequests

A gift in a Willor Living TrustBenefits include:

Retain use/control of assets during life Preserve Lifetime Flexibility - Change Mind Desire Charitable Deduction for your estate Want to Achieve Charitable Purpose Simplicity


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ESTATE: Everything you ownor in which youhave any type ofownership interest

Oil, Gas, Mineral Interests Personal Effects

Collectibles & Artwork

Vehicles Farm Equipment

Livestock and Crops Retirement Benefits Life Insurance

Residence

Farm or RanchRental PropertyBusiness InterestsBank Accounts

Investment AccountsStock and BondsMutual FundsIntellectual Property

What to Use to Make a Gift?


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Ways to leave a Bequest

Aspecific amount Ex. I bequeath $100,000 to Vannie E. Cook Jr.

Cancer Foundation, Inc.

Apercentage of the estate Ex. I give 25% of my estate to Vannie E. Cook Jr.

Cancer Foundation, Inc.

Leave the remainder of the estate Ex. I give the rest and residue of my estate to

Vannie E. Cook Jr. Cancer Foundation, Inc.


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Die without a Will?

What happens when someone dies withouta will - who gets the property?

State intestacy laws decide

Typically family; varies from state to state Charity gets nothing


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Gifts of Life Insurance

Two Ways to GiveName charity as beneficiary of a life insurance

policy. (Revocable)

Change ownership and beneficiary of a lifeinsurance policy to charity. (Irrevocable)


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Who Gives Life Insurance?

Beneficiary Designation Gift: Donor of any age who wants to use existing

assets to make a gift at death Donor who wants to leverage their current

dollars into a larger gift in the future

Change Ownership Gift:

Typically an older Donor who has no need for thedeath benefit for family Wants policy out of Estate for tax purposes Knows gift is irrevocable

Wants current income tax deduction


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Gifts ofRetirement Assets

Retirement Assets include: IRAs401(k) and other employer sponsored

plans

Benefits include: Retain usage and control during life

Flexibility of a revocable gift Tax Benefits give highest taxed asset to

charity, leaving better assets for family Simplicity change beneficiary form


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Gift Agreements

Allowflexibility to the giver

Agreements outline: Method of gift Purpose of gift Administration of gift


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Vannie E. Cook Jr. Cancer Foundation, Inc.Laura Martinez Ilgun

Executive Director

[email protected] West Expressway 83

McAllen, Texas 78503

956.661.9840, ext. 238

VCF Planned Giving

Documents

Transcript of VCF Planned Giving