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A Guide to the American Breast Cancer Foundation’s Planning Giving Program

The American Breast Cancer Foundation, Inc. is a tax-exempt, nonprofit, charitable organization dedicated to assisting women with early detection, prevention and treatment of breast cancer. There are many ways that you can assist us in our charitable mission, while also leaving a legacy to sustain your interest in battling this disease and providing yourself and your family (or other beneficiaries) with significant tax benefits.

Planned gifts, including charitable gift annuities, charitable remainder trusts and bequests can enable you to make substantial gifts to the American Breast Cancer Foundation in ways that complement your financial goals, while at the same time assisting in the long-term financial strength and program success of the American Breast Cancer Foundation.

Benefits of Planned Giving:

• Make a meaningful donation: When someone like you donates via a planned giving tool, you may realize personal or estate tax benefits, while also enjoying the satisfaction of helping the American Breast Cancer Foundation in its fight against breast cancer.
• Ability to enjoy lifetime income: You or your beneficiaries may receive guaranteed income for life or a certain term of years from one of the lifetime giving tools described below.
• Transfer wealth to heirs with tax savings: Through an estate plan, it is possible for you to make a future transfer of assets to your heirs at a substantially reduced gift and estate tax cost, while continuing to support the American Breast Cancer Foundation during your lifetime.
• Use of bequests to achieve philanthropic goals: Through naming the American Breast Cancer Foundation as a beneficiary under the terms of a will, a donor may make a substantial charitable contribution with potential estate tax benefits.

Planned Giving Tools can include gifts of present interests in personal property; gifts of appreciated assets; charitable bequests provided in a will; beneficiary designations; charitable trusts; and life income gifts.

• Will and/or Trust Bequest: a bequest in a donor’s will or trust document can be used to leave an outright gift of cash, securities, personal property or real estate to The American Breast Cancer Foundation. A carefully planned and drafted will and/or trust can preserve a maximum amount of an estate for the surviving members of one’s family and others, including The American Breast Cancer Foundation.
• Charitable Gift Annuity: You can make a donation of cash or securities to The American Breast Cancer Foundation to establish a charitable gift annuity (in agreement form) which will provide you or a beneficiary with guaranteed, partially tax-free income for life. Payments to donors or beneficiaries can be flexible, whether beginning immediately or whether the donor wishes the payments to commence at a later, deferred time.
• Charitable Remainder Trust: In return for the irrevocable transfer of cash or property to a trustee, a certain percentage or amount of the annual income from the property is paid to the donor and/or another named beneficiary for life or for a specified term of years. The remainder interest in the property would then pass to The American Breast Cancer Foundation. The donor is entitled to a federal income tax deduction for the present value of the charitable remainder interest, which is based on the number and ages of life income beneficiaries and the percentage of payout the donor and the trustee agree upon. These types of gifts my result in postponement of capital gains taxes; no taxes to the trust; and no estate tax.
• Charitable Lead Trusts: This gifting tool provides The American Breast Cancer Foundation with a steady income for a term of years or the life of an individual. When the trust terminates, the donor or the donor’s designated heirs will receive the trust’s appreciated principal.
• Life Insurance Beneficiary Designations: Life insurance can be used to make donations to The American Breast Cancer Foundation. The American Breast Cancer Foundation can be named as the owner and beneficiary of an existing policy or a new policy can be established.
• Outright Gifts of Stock, Real Estate or Other Personal Property: This list is certainly not exhaustive of the means in which donors can derive substantial benefits personally, while still supporting The American Breast Cancer Foundation and its charitable mission. Gifts of long-term appreciated stock, mutual funds or real estate offer an easy and tax-efficient way to make a lasting contribution to The American Breast Cancer Foundation. Your gift can, in some instances, help you avoid capital gain tax and reduce federal income tax.

The American Breast Cancer Foundation encourages you to consider these means as a way to help us accomplish its fight against breast cancer. This information is not meant to be tax or legal advice and The American Breast Cancer Foundation further encourages you to consult your tax and legal advisors to discuss your planned giving options. Those professionals can assist you in selecting appropriate giving vehicles, selecting appropriate trustees and executors and accomplishing a complete estate plan.

The American Breast Cancer Foundation would be pleased to work with you and your financial or tax advisor to establish the planned gift(s) that are most appropriate for you to achieve your financial planning goals. Our communication with you about planned giving is strictly confidential and without obligation to you.

The American Breast Cancer Foundation’s Federal ID number is 52-2031814.

For more information, please contact us at 1-877-323-ICAN (1-877-323-4226).