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Today, many committed donors have chosen to honor the Psoriasis Foundation in their estate plans. Planned gifts, large and small, greatly impact our work to advance psoriasis research and provide education, outreach and support to millions of people.
A trusted legal or financial advisor can help you develop a plan for making charitable gifts to the Psoriasis Foundation that complement your current investment and estate plans. He or she can put together all of the necessary financial and tax-related paperwork to set up your planned gift.
If you have named us in your estate, please let us know so that we may welcome you as a member of the Bertha Futrell Society, established to commemorate the generosity and foresight of those individuals who have kindly remembered the National Psoriasis Foundation in their estate plans.
For more information on planned giving, please call 1.800.723.9166.
Bequests
A charitable bequest allows you to control your assets during your lifetime and reduces the size of your estate, which may minimize taxes paid by your heirs.
Samples of bequest language you can use:
I give and bequeath to the National Psoriasis Foundation, Tax ID# 93-0571472, having its principal office in Portland, Ore.:
1) The sum of $_____ to be used for its general purposes.
Or
2) All the rest and residue of my estate, to be used for its general purposes (when you would like to ensure provisions for family and friends first).
Or
3) ______% of [my whole estate]/[the residual estate] to be used for its general purposes.
Or
4) The following assets or property: [description of assets or property inserted here] to be used for its general purposes or for ________.
You can also name the Foundation as a beneficiary of your retirement plan or life insurance policy. This would be done directly in the policy itself. However, it's a good idea to include it in your will as a way to notify the executors of your estate.
Life income gifts
Life income gifts, such as Charitable Lead and Charitable Remainder Trusts provide life income for you and other beneficiaries that you designate, while providing you with an income tax charitable deduction. If you fund your gift with appreciated assets, you might also avoid capital gains tax.
Please consult your legal or financial advisor to set up life income gifts.
New for 2006/2007
Donate your IRA to the National Psoriasis Foundation and enjoy special tax benefits
If you are age 70½ or older, you can now make gifts to the National Psoriasis Foundation using funds transferred from your Individual Retirement Account (IRA). The Pension Protection Act, passed in 2006 by Congress, allows you to give up to $100,000 per year to qualified charitable organizations like the Psoriasis Foundation. Your donation is not taxable and counts toward your minimum required IRA distributions. But you must act fast. This tax incentive is only in effect until Dec. 31, 2007.
The information on this page is not intended as legal advice. Please consult with your tax advisor.
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