A planned gift to the Depression and Bipolar Support Alliance can be one of the easiest, most fulfilling ways to support our organization. Several options exist to help you achieve both your philanthropic and personal financial goals through a planned gift to DBSA. Discuss your options with a legal, financial, or other qualified professional advisors.
- Gift of Stock
- Appreciated Property
- Retirement Plan Assets
- Life Insurance Policy
- Charitable Remainder Trust
- Charitable Lead Trust
A bequest is a gift that is included in your will. A bequest can be a specific monetary amount, a percentage of your estate, a specific piece of property or a percentage of the “residual of your estate.”
Adding a bequest to your will or living trust can be as simple as adding a single sentence. Please see below our preferred bequest language; take this to your attorney to use as a starting point. Contact us if you have any questions!
Specific Bequest Language
To DBSA, unrestricted:
“I give to the Depression and Bipolar Support Alliance, an Illinois corporation, Chicago, Illinois, the sum of $_______________________ (or _____________ percent of the remainder of my estate) to be used by the Depression and Bipolar Society for its unrestricted purposes.”
Legal Name: Depression and Bipolar Support Alliance
Legal Address: Suite 490, 55 E. Jackson, Chicago, IL 60604
Tax Identification No: 36-3379124
Gift of Stock
Using Stock to Reach Your Philanthropic Goals
If you are trying to reach a certain giving level, donating stock gives you the option to reach the goal without simply writing a check. For instance, achieving a $10,000 annual giving goal becomes easier by pairing a $5,000 cash gift with $5,000 in stock.
Increase Your Giving Power
A gift of appreciated stock to the Depression and Bipolar Support Alliance can benefit you in two ways:
- You receive a charitable income tax deduction for the full fair market value of the securities
- You may avoid capital gains taxes on appreciated stock. This helps stretch your gift even further.
DBSA encourages you to speak with your professional advisor or contact our development staff to discuss the option that is right for you.
Retirement Plan Assets
Name the Depression and Bipolar Support Alliance as the beneficiary of part or all of your IRA or retirement plan. This could result in estate tax savings and, in some cases, income tax savings as well.
Life Insurance Policy
Name the Depression and Bipolar Support Alliance (EIN: 36-3379124) as the beneficiary of your life insurance policy. This could result in estate tax savings for your heirs. You may donate a policy that you no longer need and qualify for an itemized income tax deduction.
Charitable Remainder Trust
Creates a retirement plan that offers maximum income to you and makes a deferred charitable gift to DBSA.
Charitable Lead Trust
Establish a charitable lead trust to make payments to DBSA for a set period of time. The remainder will then pass to your children and grandchildren. A lead trust could create significant gift and estate tax savings.
The above information is not intended as professional tax or legal advice, please consult with your financial advisor for your specific situation.
DBSA is a not-for-profit Illinois corporation qualified under section 501(c) (3) of the Internal Revenue Code. All gifts are deductible based on federal IRS regulations. Please consult your tax advisor if you have questions regarding the tax ramifications of your gift. DBSA’s federal tax identification number (FEIN) is 36-3379124.