Planned Giving: Ideas & Options

Since 1993, the Clare Boothe Luce Policy Institute has mentored and trained young women across America for leadership in the home, school, workplace, and community. Because the Institute is a 501(c)(3) charity, contributions are tax deductible. We offer many tax-deductible contribution options, including those listed below. For more information, contact Michelle Easton at (888) 891-4288.

Bequests

The simplest form of a legacy gift—one that is left to a charity in your will—is known as a bequest. Bequests often allow you to make a sizable gift that might not be possible during your lifetime. A bequest has several advantages:

It is 100 percent deductible for estate tax purposes;
It may place your estate in a lower estate tax bracket; and
It will allow CBLPI to include your name in the Luce Legacy Society unless you prefer to remain anonymous, in which case we promise to honor your request.

In a simple bequest, you give a stated amount to the Institute without attaching any conditions. Simple bequest language might read as follows: I give, devise, and bequeath to the Clare Boothe Luce Policy Institute, tax identification number 54-1672138, 112 Elden Street, Suite P, Herndon, Virginia 20170 (indicate amount, percentage, or nature of gift, or remainder of estate) to be used for its educational purposes.

For more information on bequests and the Luce Legacy Society, please contact Michelle Easton at measton@cblpi.org or (888) 891.4288.

Honorary/Memorial Gifts

If you wish to make a donation in honor, or memory, of a deceased family member or friend, we can provide you with appropriate options to help you. For more information, please contact Michelle Easton at measton@cblpi.org or (888) 891-4288.

Gifts of Stock

Publicly traded securities such as stocks and bonds can be transferred to the Clare Boothe Luce Policy Institute as your gift. Gifts of stocks and bonds entitle you to a tax deduction for the full market value of the securities on the day you transfer it, and you avoid capital gains taxes.

To transfer a gift of stock, please contact our Financial Consultant:

Mr. Sam Jones
Salomon Smith Barney
1-800-424-3209, ext. 5462
DTC: 0418
Institute Account: 376-13047-10-704

Generally, you may deduct gifts of appreciated assets (such as stock and mutual funds) each year in an amount up to 30% of your adjusted gross income. As in the case of cash gifts, you can apply any excess deductions over as many as five subsequent tax years – please discuss with your tax advisor.

Gift Annuity

The gift annuity is a simple contract between you and the Clare Boothe Luce Policy Institute. It is a combination of a gift and an investment. In exchange for your gift of $2,500 or more, we agree to pay you a fixed sum on a regular basis throughout your lifetime. Benefits from a gift annuity include: guaranteed life income, immediate charitable contribution deduction, capital gains savings, estate tax savings, and an instant gift to the Institute for a portion of the original gift.

Charitable Remainder Trust

Charitable remainder trusts can help protect your assets, reduce taxes, provide lifetime income to you or your beneficiary, and support the Clare Boothe Luce Policy Institute. These powerful tax-saving tools may actually enhance the inheritance your heirs will receive. To give a charitable trust or for more information, contact your estate planning professional or the Institute at (888) 891.4288.

Retirement Plans

Retirement plan vehicles like the Roth IRA, 401(k), and 403(b) allow individuals to save and plan for their retirement. Unfortunately, if the plan names beneficiaries other than a spouse, accumulations will be taxed at a higher rate at the planholder's death. Avoid this extra tax by naming a nonprofit institution such as the Clare Boothe Luce Policy Institute as your retirement plan beneficiary. Proceeds of retirement plans are distributed outside probate and are free from federal estate tax.

Insurance Policies

Donating a life insurance policy that you no longer need (because the beneficiaries have grown up or are otherwise protected, for example) allows you to make a larger gift to the Clare Boothe Luce Policy Institute without using other income or assets. Alternatively, consider taking out a new life insurance policy naming the Institute as the beneficiary and owner of the policy.

Savings Accounts

Make a gift of your savings account by designating the Clare Boothe Luce Policy Institute as a joint owner with rights of survivorship. You can change the survivor designation, close the account, or withdraw the money in these plans at any time. The Institute has no claim on your account while you are alive.