Virginia Bonner defines her legacy
Virginia Bonner didn’t know much about Alzheimer's until her mother was diagnosed with this disease. Then Virginia and her family quickly learned what a dreadful disease it is and how stressful it can be to the entire family. Because Virginia has seen first hand how this disease robs family members of their loved one, Virginia started supporting the Alzheimer's Association. She has even named the Association in her estate plans through her will for a certain percentage.
Recognized now as part of the Association’s Founders Society, Virginia knows that her plans will help reduce the number of people who are diagnosed with Alzheimer's in the future. She wants this disease to be eliminated for people like her granddaughter, Kashi.
Forward thinking people like Virginia can help the Alzheimer's Association direct funds to research, programs and services in our community. This generosity will help all of us in the future. You too can consider making a gift to the Alzheimer's Association through a bequest.
A gift to the Association through your will has several advantages:
1). Charitable gifts made by your will are deductible for estate planning purposes
2). A charitable bequest may place your estate in a lower tax bracket
3). Once you notify the Association of your bequest intentions, you will have the option of joining the Founder’s Society to join other supporters of the Association.
Please consider joining thoughtful people like Virginia to reduce Alzheimer's for future generations. If you would like additional information, please call Sandi Druffel, director of development, at 509.473.3390.
(The full legal name for bequest purposes is “Alzheimer’s Disease and Related Disorders Association, Inc.”)
A Giving Opportunity for Alzheimer's Association Donors in 2007
For the remainder of 2007, Congress has approved a unique giving opportunity for donors who have traditional or Roth IRA accounts. If you are age 70 ½ or greater, you know that distributions from your IRA accounts are mandatory. Even if you don’t need the income, you are still required to draw down the funds.
Until Dec. 31, 2007, you now have a new option for these mandatory distributions. The IRA Charitable Rollover provision gives you the opportunity to withdraw as much as $100,000 during 2007 and direct it to a qualified charity such as the Inland Northwest Chapter of the Alzheimer's Association.
Benefits of this limited opportunity include:
• Lowers taxable income; you do not have to include the qualified charitable distribution as taxable income
• Distribution counts toward your mandatory withdrawal
• It is a simple and easy way to support your favorite cause such as the Alzheimer's Association
• Helps the Alzheimer's Association eliminate Alzheimer's through advancement of research as well as provide education and services to Alzheimer’s patients and their family throughout the Inland Northwest Chapter
If you are interested in learning more about this time sensitive opportunity, contact your financial advisor as the funds must be directed through your IRA custodian.
Please call Sandi Druffel, director of development, at 509.473.3390 to learn more about making a donation through the IRA Charitable Rollover provision.