Thank you for your interest in supporting the mission of the Royal Dames of Cancer Research, Inc. We offer several different ways for you to donate to the Royal Dames of Cancer Research, Inc.
Please click on the link below for the option that best serves you:
IndividualI would like to contribute to the general fund the following:
Recurring gifts – monthly givingPlanned Giving Below is a summary of some of the ways you can help support the The Royal Dames of Cancer Research, Inc. In addition to making a difference in the future of the Center, you may benefit from income and capital gains tax savings when you establish a planned gift.
Naming The Royal Dames in your will can be a financially responsible way to make a special gift that otherwise may not be possible during your lifetime. Bequests can be designated or unrestricted in any amount.
- A specific bequest directs charity to receive a specific piece of property
- A general bequest directs charity to receive a specified dollar amount
- A residual bequest designates all or a portion of what remains after expenses are paid
- A contingent bequest in effect only if the primary intention cannot be met
Suggested language: I give to The Royal Dames of Cancer Research, Inc., a corporation located in Fort Lauderdale, FL the sum of $____ [or property described herein].
Life Income Plans
There are several types of life-income plans, all of which combine life payments for one or more income recipients that are designated by the donor. Donor(s) may enjoy numerous benefits including the potential to receive a higher income and avoid capital gains taxes.
Charitable Remainder Trusts
- Charitable beneficiary receives the remainder interest. It provides financial and estate planning flexibility. Donor transfers property under a trust agreement that specifies how trust income and principal are to be distributed. Trust may be created to become effective during life or at death.
- An irrevocable trust qualifies for tax consideration if it is in two forms: (1) Charitable Remainder Unitrust – provides for payment to the beneficiaries of an amount that may vary. Payment must equal a fixed percentage of the net fair-market value of the trust. Donor determines the fixed percentage, must be at least 5% of the value of the trust assets. Payments made at least annually. (2) Charitable Remainder Annuity Trust – instead of a payout that may vary, the annuity trust provides a fixed payout of not less than 5% of the initial fair–market value of the gift in trust. Makes it suitable for a beneficiary who needs the security of a specific income.
Gift Annuities - most popular charitable life - income plan
In exchange for a transfer of cash, securities, or in some cases real estate, the charity guarantees to make specified annuity payments to the donor or other beneficiary. Payout depends on the age and number of beneficiaries. A portion of each annuity payment is income tax free over the life expectancy of the annuitant. A single annunity cannot be added to, but you can set up multiple Gift Annuities.
Pooled Income Fund
Specific kind of trust that allows irrevocable gifts from separate donors to be commingled or "pooled" for investment purposes. Each income beneficiary receives a proportionate share of the net income earned by the fund each year. Usually at the death of the beneficiary, that particular portion of the fund's assets will be distributed to the charity.
Retirement Funds (IRA)
Donors can direct their retirement funds and IRAs in support of the The Royal Dames of Cancer Research, Inc. This designation often allows the donor to make a considerable legacy gift. Careful planning is necessary in the use of IRAs and other retirement plans to fund charitable gifts.
While many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection, its role in planned charitable giving is frequently overlooked. Donors may also purchase a new policy and name the Royal Dames of Cancer Research, Inc. as a beneficiary, which allows the donor to make a substantial gift for a relatively modest annual outlay.
A fund that is made up of gifts and bequests that are subject to a requirement that the principal be maintained intact and invested to create a source of income for an organization. Donors may set up an endowment to fund a specific interest; and a nonprofit's governing body may set up an endowment. In any case, an endowment requires that the principal remain intact in perpetuity, or for a defined period of time or until sufficient assets have been accumulated to achieve a designated purpose.
NOTE: Any action that affects your overall estate plans should be discussed with your professional advisors.