Planned Giving

The Leukemia Research Foundation is profoundly grateful for the support provided by donors who have committed to planned gifts sustaining our mission into the future.

Bequests

There are four types of bequests, and many wills include all four types:

  • Specific bequest: These bequests are those that allocate a particular asset to a particular beneficiary, like gifting your home to a child or gifting a piece of jewelry to your niece.
  • General bequest: This is a precise dollar amount to a particular person or entity.
  • Demonstrative bequest: These bequests include precise distributions from a named fund or account, like gifting 100 shares of your Amazon stock to a charity.
  • Residuary bequest: This gifts all or a portion of what is left of your estate to certain persons or entities after other bequests are fulfilled and estate taxes/administration fees are paid.

Charitable bequests can fall into any of the four categories. One common approach is to leave specific or demonstrative bequests to family members or other individuals, then leave a residuary charitable bequest to a nonprofit. That way, the individuals get exactly the amount or items you want them to, and the charity receives what remains.

Bequest benefits

  • Flexibility: Charitable bequests are flexible and easy to update. You can write one into a will with a short sentence. If circumstances change, you can revoke it just as easily.
  • Versatility: You can structure the bequest to give a specific amount of money, make it contingent on other events, or leave a portion of your estate. Gifts can also be designated for specific purposes like research or patient support.
  • Tax relief: Estates of a certain value must pay estate tax. In general, the total value of a charitable bequest can be deducted from the estate’s value, making it a powerful tool for reducing taxes.
  • Create a legacy: A bequest gift ensures your legacy lives on in support of our mission to conquer all blood cancers by funding promising research and providing critical support services to patients.

How to include a bequest

If you don't have a will

The Leukemia Research Foundation has partnered with FreeWill, an online tool that guides you through the process of creating a legally valid will. It’s easy to use, free of charge and can be completed in 20 minutes. Not only can you take care of your loved ones and their future, but you can also use this resource to support our mission for years to come.

Get started on your plans and make a gift today.

If you have a will

You can include a charitable bequest to the Leukemia Research Foundation in your will with just one sentence:

“I give to the Leukemia Research Foundation, 191 Waukegan Road, Suite 105, Northfield, IL 60093, EIN 36-6102182, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

Your financial or legal advisor can work with you to determine what type of charitable bequest makes the most sense for you.

Plan for all of your assets

You may have additional assets not covered in your will or trust, like an IRA, 401(k), life insurance policy, or any additional accounts. These are called “non-probate assets” and need to be planned for separately. Using the online tool below, you can log all of your assets, name the Leukemia Research Foundation as the beneficiary, and receive printable instructions on how to set each one up with your broker.

Plan your beneficiaries today.

Reporting a bequest

If you’ve left a gift to the Leukemia Research Foundation in your estate plan, you can use the tool below to let us know! It can often be difficult to plan and make sure that your gifts are used in line with your wishes if they are left unknown. But more importantly, we want to say thank you for considering our work as a part of your legacy.

Report your gift to us today.

Questions?

For questions about planned giving, please contact Cindy Kane at 847.919.6249 or cindy@lrfmail.org.

Other ways to give

Donor-advised funds / gifts of stock

Join our recurring gift program

Give at work