Create a legacy that will help sustain lung cancer research and meet your financial goals at the same time. Making planned gifts to Lung Cancer Foundation Of America may be able to do more for lung cancer than you thought possible and still receive favorable financial and tax benefits. There are many planned giving options. We strongly recommend that you consult with your legal counsel, tax attorney and/or financial planner about these options which include: naming Lung Cancer Foundation Of America in your will; or providing gifts of stock; or, retirement funds; or, life insurance policies; and/or, real estate.
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Estate Planning
You may choose to provide a gift through your estate by naming Lung Cancer Foundation Of America as a beneficiary in your will. We have been humbled and inspired by our supporters who have decided to leave a legacy of hope for others impacted by this disease. It is one of the most impactful ways of memorializing loved ones while continuing to renew our programs for years to come.
Stock Gift
Giving long term appreciated stock may offer you a two-fold tax saving. You may avoid paying any capital gains tax on the increase in value of your stock. In addition, you may be eligible to receive a tax deduction for the full fair market value of the stock on the date of the gift. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.
The process is simple:
- You instruct your broker to contact Lung Cancer Foundation Of America
- Your broker provides LCFA with the name of the stock to be transferred; the number of shares
- LCFA will provide your broker with our DTC number and account number
Life Insurance
A paid life insurance policy that is no longer needed for its original purpose can be of significant value. You may be eligible to receive an income tax deduction for the “case surrender” value of the policy to a charity. If the policy is not fully paid and you continue to pay the premiums, you may be eligible for deductions for the amount of payments completed. Lung Cancer Foundation Of America may also be included as a beneficiary on life insurance policies. Any donated portion to Lung Cancer Foundation Of America may be deductible for estate tax purposes.
For more information or questions on these planned giving options please contact us at info@lcfamerica.org