With your long-term planning, a gift can combine your wish to support the Cancer Resource Center with your overall financial, tax, and estate planning goals. Your planned gift gives you a special connection with us now and into the future. You will need CRC’s tax ID for planned gifts 16-1453042.
Gifts of Securities
Other than cash, securities (e.g. stock shares, mutual fund shares, bonds) are the most popular asset for funding charitable gifts to the Cancer Resource Center. Publicly traded securities are usually very marketable, have a clear value, and are easily transferred.
Here is some sample wording. An attorney or estate planner can draft the language specific for your wishes if needed.
To give a specific dollar amount:
I give to Cancer Resource Center of the Finger Lakes, currently located at 612 West State St., Ithaca, New York, the sum of $_____ for its general charitable purposes.
To give a percentage of your estate:
I give to Cancer Resource Center of the Finger Lakes, currently located at 612 West State St., Ithaca, New York, ___% of my Residuary Estate for its general charitable purposes.
To give specific property or assets:
I give to Cancer Resource Center of the Finger Lakes, currently located at 612 West State St., Ithaca, New York, (List specific assets to be given, such as “my real property located at ________,” or “my shares of XYZ stock,” or “the balance of my back account at XYZ Bank,” etc.)Â for its general charitable purposes.
For more information, contact 277-0960 or email@example.com.
For Retirees – Avoid Taxes on a Required Minimum Distribution with a Charitable Donation:
Do you still have money to spend to meet your Required Minimum Distribution? (the IRS required amount that must be taken from one’s IRA annually to avoid 50% tax penalty).
Click here for some information from Kiplinger magazine that describes the charitable contribution move for retirees.