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Estate Giving

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Questions?

  • Call our staff: 866.233.5148
    Email us at plannedgiving@alz.org

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Ways to Give

Alzheimers plan

A gift in your will or trust – or any other estate gift – allows you to make a significant contribution to the fight against Alzheimer’s and still provide for your own financial security during your lifetime. Your estate gift will help families affected by Alzheimer’s and support research for this devastating disease. Through your commitment of a future gift to the Alzheimer’s Association, you support a cause that is important to you, while leaving a lasting legacy.

There are numerous types of estate gifts that generally fall into one of three categories: Gifts in your will or living trust, gifts that produce income and simple ways to give through beneficiary designations.

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Gifts in Your Will or Living Trust

A gift to the Alzheimer’s Association in your will or trust, also known as a charitable bequest, allows you to retain control of your funds and other assets during your lifetime.

  • This gift costs you nothing now, so there is no risk to your lifetime financial security
  • You gain the satisfaction of knowing your future gift will support the leading non-profit in Alzheimer’s research, care, support and advocacy
  • A bequest can be modified or revoked for any reason during your lifetime
  • Charitable bequests are exempt from estate taxes
  • A bequest qualifies you for membership in our honorary Founders Society

Sample Bequest Language/Tax ID

Suggested gift language: I give to the Alzheimer’s Disease and Related Disorders Association, Inc. (doing business as the Alzheimer’s Association), currently located at 225 North Michigan Avenue, 17th Floor, Chicago, IL 60601_______________(insert specific dollar amount or percentage) in support of its full mission. Federal tax identification number: 13-3039601.

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Gifts that Pay You Income

A life income gift is an arrangement that provides you and/or your loved ones with income to help meet your financial needs during your lifetime and make a future gift to the Alzheimer’s Association. Types of life income gifts include charitable gift annuities, charitable remainder unitrusts and charitable remainder annuity trusts. Through a life income gift, you create a legacy of support for the Alzheimer’s Association.

Charitable Gift Annuity – If you would like to make a gift that provides you with income for life and receive a charitable tax deduction, a charitable gift annuity may be the best option for you. In exchange for a gift of cash or securities in the amount of $10,000 or more, the Alzheimer’s Association will pay you a fixed dollar amount, at a favorable rate, for as long as you live. The rate and your annual payment are based on your age and the total amount of your gift.

  • A gift annuity may be established for one or two people
  • You may choose monthly, quarterly, semiannual or annual payments
  • The payment amount is fixed, so you receive a steady and reliable amount each year
  • If securities are used to fund the gift annuity and the securities you transfer the securities to the Alzheimer’s Association before they are sold, you avoid capital gains tax on the sale
  • You receive a charitable deduction

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Charitable Remainder Unitrust – To establish a charitable remainder unitrust, you irrevocably transfer assets to a trust. The trustee then invests the trust's assets and pays you and/or your trust beneficiaries the annual income from the trust. At the end of the trust term, the assets remaining in the trust are distributed to the Alzheimer’s Association.

  • A unitrust is an excellent vehicle for gifts of appreciated stock or property, because the trust is tax exempt and does not pay capital gains tax when it sells the assets. The full sales proceeds remain in the trust to provide a payout to the income beneficiaries.
  • The payout distributed is generally taxable to the income beneficiaries.
  • You receive a current income tax deduction.
  • The annual income payment is based on the trust’s earnings, so it varies over time.
  • The amount of the payout for the income beneficiaries will depend on whether you set up a standard unitrust, net income unitrust, or flip unitrust. Our planned gifts staff will be happy to go over the differences with you to help you find the best option.

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Charitable Remainder Annuity Trust – The charitable remainder annuity trust is similar to the unitrust, except the payment is a fixed amount. You and/or the trust beneficiaries you designate, receive an annual payment that doesn’t vary over time or depend on the trust value.

  • You irrevocably transfer assets to the trust.
  • The trustee invests the assets and makes the annual payments.
  • You receive a current income tax deduction.
  • The payment is a fixed amount.
  • The amount remaining at the end of the trust term is distributed to the Alzheimer’s Association.

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Charitable Lead Trust – With a charitable lead trust, you irrevocably transfer assets to the trust. The trustee makes payments to the Alzheimer’s Association for a set number of years. At the termination of that set period, the trust assets are transferred to you or to your heirs. If transferred to your heirs, the assets are not subject to estate and gift taxes.

  • You receive a charitable tax deduction.
  • You, or your heirs, receive the appreciation in the trust assets when the corpus is distributed after the trust term.
  • You effectively make an annual gift to the Alzheimer’s Association.
  • This benefits those who have a large estate, which would be subject to gift and estate taxes.

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Simple Ways to Give That Cost You Nothing

Designating the Alzheimer’s Association as the beneficiary of an asset is a simple way to give and doesn’t cost you any money or a trip to your attorney’s office to set up this kind of gift. Gifts include:

  • Life insurance policies
  • Commercial annuities
  • Checking, savings or other financial accounts
  • Ladybird deed to transfer real properties (*available in some states)
  • IRA charitable rollover

Simply contact your bank, insurance company or retirement account holder and request a beneficiary designation form. For purposes of completing the form, our legal name is: The Alzheimer’s Disease and Related Disorders Association, Inc., 225 North Michigan Avenue, 17th Floor, Chicago, IL 60601.

Tax identification number: 13-3039601

IRA Charitable Rollover

Under legislation enacted in December of 2015, you may be able to make a gift to charity with a distribution from your Individual Retirement Account (IRA), and take advantage of tax savings.

The Protecting Americans from Tax Hikes Act (PATH Act) of 2015 allows Americans over the age of 70½ to have up to $100,000 in a calendar year distributed from an IRA to the Alzheimer's Association or other charities, tax-free. This distribution to charity can be a significant benefit for IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes.

If an IRA owner directs the IRA plan administrator to distribute any amount up to $100,000 to charity, the distribution counts toward the owner's minimum required distribution, but is not included in his or her income for income tax purposes. Although the IRA owner is not entitled to a charitable deduction for the distribution, the distribution benefits charity.

Here's how the IRA Charitable Rollover works:

  • You must be 70½ or older at the time of distribution.
  • You may have your plan trustee or administrator distribute any amount up to $100,000 in a calendar year to charity, as long it is completed by December 31 of the year in which you intend to make the charitable distribution.
  • Your IRA administrator must make the distribution directly to the charity, or you may write a check payable to the charity from your IRA checkbook.

If you have any questions, please call our Estate Giving staff at 866-233-5148 or email us at estategiving@alz.org. Before proceeding, you should also consult with your tax advisor to discuss your particular situation including the possible impact of your state's tax laws.

Gifts may be sent to:

Alzheimer's Association
Attn: Estate Giving
225 North Michigan Avenue, Suite 1700
Chicago, IL 60601

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Alzheimer's Association

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Formed in 1980, the Alzheimer's Association is the world's leading voluntary health organization in Alzheimer's care, support and research.