vcf planned giving
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Planned Givingbenefiting
Vannie E. Cook Jr. Cancer Foundation, Inc.
Vannie E. Cook Jr. Childrens Cancer &Hematology Clinic
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Vannie E. Cook Jr.Cancer Foundation, Inc.
Created in 1972,The Vannie E. Cook Jr. Cancer
Foundation, Inc. exists to provide resources forcancer treatment, research, cancer genetics andeducation in The Rio Grande Valley.
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Vannie E. Cook Jr. Childrens Cancer &
Hematology Clinic The mission of the Vannie E. Cook Jr. Childrens
Cancer and Hematology Clinic is to offercomprehensive care and treatment to children
of South Texas who suffer from cancer andblood disorders.
A joint effort of the Vannie E. Cook Jr. CancerFoundation, Inc., Baylor College of Medicine andTexas Children's Cancer Center.
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Family CharityTaxes
Estate DistributionOnly Three Places Available
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Keep in Mind
Most Americans thinkofcharitablegiving as: Cash or writing checks
Gifts of used items
Few Americans are aware of:
Gifts of Securities or Real Estate or other assets Bequests and Beneficiary Designation Gifts Life Income Opportunities
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Current Gifts
Cash Matching Gifts
Securities
Real Estate
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Dual-Benefit Gifts
Charitable RemainderTrusts
Charitable LeadTrusts
Charitable Gift Annuities
RetainedLife Estates
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Revocable After-Lifetime Gifts
Bequest in Willor Living TrustGiftofRetirement Assets
GiftofLife Insurance
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Bequests
A gift in a Willor Living TrustBenefits include:
Retain use/control of assets during life Preserve Lifetime Flexibility - Change Mind Desire Charitable Deduction for your estate Want to Achieve Charitable Purpose Simplicity
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ESTATE: Everything you ownor in which youhave any type ofownership interest
Oil, Gas, Mineral Interests Personal Effects
Collectibles & Artwork
Vehicles Farm Equipment
Livestock and Crops Retirement Benefits Life Insurance
Residence
Farm or RanchRental PropertyBusiness InterestsBank Accounts
Investment AccountsStock and BondsMutual FundsIntellectual Property
What to Use to Make a Gift?
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Ways to leave a Bequest
Aspecific amount Ex. I bequeath $100,000 to Vannie E. Cook Jr.
Cancer Foundation, Inc.
Apercentage of the estate Ex. I give 25% of my estate to Vannie E. Cook Jr.
Cancer Foundation, Inc.
Leave the remainder of the estate Ex. I give the rest and residue of my estate to
Vannie E. Cook Jr. Cancer Foundation, Inc.
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Die without a Will?
What happens when someone dies withouta will - who gets the property?
State intestacy laws decide
Typically family; varies from state to state Charity gets nothing
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Gifts of Life Insurance
Two Ways to GiveName charity as beneficiary of a life insurance
policy. (Revocable)
Change ownership and beneficiary of a lifeinsurance policy to charity. (Irrevocable)
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Who Gives Life Insurance?
Beneficiary Designation Gift: Donor of any age who wants to use existing
assets to make a gift at death Donor who wants to leverage their current
dollars into a larger gift in the future
Change Ownership Gift:
Typically an older Donor who has no need for thedeath benefit for family Wants policy out of Estate for tax purposes Knows gift is irrevocable
Wants current income tax deduction
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Gifts ofRetirement Assets
Retirement Assets include: IRAs401(k) and other employer sponsored
plans
Benefits include: Retain usage and control during life
Flexibility of a revocable gift Tax Benefits give highest taxed asset to
charity, leaving better assets for family Simplicity change beneficiary form
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Gift Agreements
Allowflexibility to the giver
Agreements outline: Method of gift Purpose of gift Administration of gift
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Vannie E. Cook Jr. Cancer Foundation, Inc.Laura Martinez Ilgun
Executive Director
[email protected] West Expressway 83
McAllen, Texas 78503
956.661.9840, ext. 238