Planned gifts are extremely powerful and impactful tools. Providing for the causes and organizations that matter most to you in your will, trust and through other charitable giving vehicles can be incredibly rewarding. Doing so will often create substantial benefits that can reduce or eliminate your estate taxes, maximize inheritances for your beneficiaries and allow you to do something truly significant and transformative for the causes you love.
DuPage Foundation is uniquely positioned to help you in this process. Our broad knowledge of the different ways to give and deep familiarity with the local charitable landscape make us the ideal partner to help you focus your objectives, learn more about various causes and organizations and how best to support them, and to discover new passions that match your interests.
We will work with you and your advisors to determine the type of planned gift that is right for you and your loved ones and craft a charitable plan to accomplish your unique goals.
With a planned gift to DuPage Foundation you can strengthen our grantmaking to meet the most critical needs within our community by making an unrestricted gift, giving to our General Endowment Fund or adding to any of our existing field-of-interest funds (Click here to view a list of Foundation Funds). Or, you may create or add to your own fund to benefit any number of causes and organizations throughout DuPage County and beyond.
Making a planned gift to the Foundation also qualifies you to join our Legacy Society. Please call or e-mail us at 630.665.5556 to let us know if you wish to be added to this special circle of Foundation friends who are investing in the future of our community and the causes they love most.
The simplest way to create a planned gift is to make a bequest including specific language in your will or living trust naming DuPage Foundation as the recipient of a testamentary gift. Gifts can consist of cash, marketable and closely held securities, real estate, personal property and more. You may contribute a specific dollar amount, a percentage or the residual of your estate in this manner. Click here for suggested language that your attorney can utilize when drafting your estate plan.
Charitable Gift Annuities
Charitable gift annuities can provide income to you and/or your loved ones for life or a period of years as well as support for the causes and organizations you love. With a charitable gift annuity, you make an irrevocable gift to DuPage Foundation. We then pay a fixed dollar amount to you and/or your designated loved ones for life or a period of years. The amount received depends upon the size of your gift and the age(s) of the person(s) receiving the payments. Income is guaranteed, regardless of market fluctuations. In addition to receiving a charitable deduction for a portion of the gift at the time it is established, a portion of your gift annuity income may also be income-tax-free. Because each situation is unique, please contact us directly to learn more about charitable gift annuities and how they might benefit you.
Charitable Remainder Trust
By transferring assets to establish a charitable remainder trust, you receive an immediate tax deduction and lifetime income for you and/or your named beneficiaries. You can also potentially reduce or avoid capital gains taxes associated with the gifted asset. When the trust's term is complete, any remaining assets pass to DuPage Foundation to benefit the causes or organizations you specify. Please contact us directly for more details.
Charitable Lead Trusts
When you create a charitable lead trust, the trust makes regular income-tax-deductible gifts to DuPage Foundation as the income beneficiary for a period of years for the charitable purposes you specify. When the trust terminates, the remaining principal and any accumulated appreciation are returned to you or to your loved ones, often with significant tax savings. Contact us directly for more details. Please contact us directly for more details.
Retirement Plan Donation
You can name DuPage Foundation as the beneficiary of your IRA and other retirement plans such as a 401(k), Keogh or 403(b). This is a simple, effective way to benefit the Foundation and other causes you love while avoiding significant, often unanticipated tax penalties. Any remaining retirement fund assets are subject to multiple taxes if left to an individual other than your spouse. Donating assets from retirement plans can reduce or eliminate these taxes completely and make a significant impact on the Foundation and your other favorite causes and organizations. Please contact us directly for more details.
Life Insurance Donation
Among the many ways to donate life insurance, the simplest way is to designate DuPage Foundation as a beneficiary of the policy. You can also transfer ownership of a paid-up policy, donate insurance policy dividends, or name DuPage Foundation as a policy's designated owner and beneficiary, making annual gifts to us in the amount of the annual premium. In this arrangement, the premium would be paid by DuPage Foundation. Please contact us directly for more details.
The content provided above and throughout this website is for informational purposes only and should not be construed as or relied upon as legal or tax advice. DuPage Foundation does not provide legal or tax advice and recommends that you consult with your tax attorney and other members of your professional advisor team before proceeding with a liquidation, dissolution or termination of a private foundation or any other charitable gift.