Legacy gift ideas
Name the Idaho Freedom Foundation in your will
Among your options, you may:
- Include a gift to the Idaho Freedom Foundation in your will or trust. You can choose to support IFF in general, or direct your bequest to a particular purpose. Should you want to do this, please talk to us beforehand to ensure we can use your gift as intended.
- Direct a percentage of your estate to the Idaho Freedom Foundation.
- Leave IFF an amount (or percentage) of the remainder of your estate, after other bequests have been dispensed.
Benefits:
- Your assets remain untouched during your lifetime.
- Your will is easy to modify if personal circumstances change.
- Per current law (as of April 2019), estate tax deductions for charitable bequests have no upper limits.
- Please let IFF know about your bequest, so we can acknowledge your generous gift.
Give IFF a gift from your retirement account
Among your options, you may:
- Name the Idaho Freedom Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
- Contact your plan administrator to direct the remainder of your retirement savings to IFF.
- Please inform IFF about your bequest—your plan administrator isn’t required to tell us, so we may not know about your gift.
- If you are 70½ or older, you may make a tax-free gift directly to IFF through your IRA. To learn more, please contact IFF or click here.
Benefits:
- You can continue making regular withdrawals from your retirement account.
- You reserve the flexibility to change beneficiaries if circumstances change.
- You reduce the tax burden on your estate, so more of your money goes where you intend, rather than to the government.
Establish a Charitable Remainder Trust
Overview:
- You donate assets into a trust, which pays you a steady stream of income for a designated amount of time.
- After the designated period of time, the balance remaining is donated to a non-profit of your choice.
- Please talk with your financial advisor to see if this is the right path for you.
- Please contact IFF or click here for a more detailed explanation.
Benefits:
- You gain significant tax benefits, thus more of your estate goes to work how you prefer, rather than going to the government.
- Establishing a charitable remainder trust makes you eligible for significant tax deductions immediately.
- You gain a steady stream of income.
Revocable Trust
Overview:
- You donate assets into a trust, which in turn pays a steady stream of income to you for the rest of your life.
- Upon your death, the remaining balance is donated to a non-profit of your choice.
- You retain complete control over the assets held in your trust.
- Please talk with your financial advisor to see if this is the right path for you.
Benefits:
- You gain significant and immediate tax benefits, meaning more of your estate goes to work how you prefer, rather than going to the government.
- You gain a steady stream of income.
- Because you can name multiple beneficiaries, your estate avoids government probate.
The above information is not intended as legal advice: The Idaho Freedom Foundation recommends you consult your financial advisor or legal counsel to tailor your estate plans. IFF staff can also recommend an attorney who specializes in estate planning.
The Idaho Freedom Foundation (EIN: 26-3783048) is a 501(c)3 non-profit organization. Donations to IFF are fully tax deductible to the extent allowed by law.
For more information about IFF’s Legacy Circle, please complete the contact form below, and we’ll be in touch within several business days.