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“There never was a person who did anything worth doing who did not receive more than he gave.”
—Henry Ward Beecher

The simplest form of a legacy gift, one that is left to a charity in your will, is known as a bequest. Bequests 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 will honor your request.

In a simple bequest, you give a stated gift to the Institute without attaching any conditions. Your attorney can use this language to create a new will or update an existing will by adding a codicil:

The Institute accepts gifts of stock through our financial consultant, Mr. Sam Jones, at Morgan Stanley Smith Barney. 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. In transferring stock gifts to the Luce Policy Institute, please advise your financial consultant of the following information:

If you wish to make a donation in honor, or memory, of a family member or friend or in your own name, we can provide you with appropriate options to help you. For more information, please call 888.891.4288.

The gift annuity is a combination of a gift and an investment. Under a gift annuity arrangement of $5,000 or more, the Luce Policy Institute will pay a fixed sum annually throughout your lifetime.

You may be able to structure your gift in such a way that a large percentage of the income payments you receive are tax-free or taxed at a reduced rate. Benefits to the gift giver include a guaranteed life income, immediate charitable contribution deduction, capital gains savings, and estate tax savings.

Example: A supporter chose to give the Luce Policy Institute a Charitable Gift Annuity of $50,000. He was 85 years old and received a rate of 9.5 percent, which means he will receive $4,750 annually for the remainder of his life. The balance becomes a charitable tax contribution to the Institute.

Donating a life insurance policy that you no longer need (because the beneficiaries have grown up or are otherwise protected) allows you to make a legacy 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.

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 individual beneficiaries other than a spouse, accumulations will be taxed at a higher rate.

You can avoid this extra tax and leave a legacy of help to America's young women by naming a nonprofit institution like 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.

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.

For more information on gift giving opportunities or to request our Luce Legacy Packet, please call us at 888.891.4288.