With a little planning, you can make a gift that will have a great impact on the Evans Scholars Foundation [Federal Tax ID # 36–2518129] and support your personal and philanthropic goals. Below are the most popular planned giving options. Please consult your professional legal and tax advisors for personalized counsel.
Will or Trust Provisions
When you make or update your will or trust, you may gift a specific amount or leave a percentage of your estate. This is known as a bequest. Here is suggested bequest wording to share with your attorney.
“I (we), __________, give and bequeath______________to the Evans Scholars Foundation [Federal Tax ID# 36-2518129], a not-for-profit corporation located in Glenview, Illinois, to be applied to the general purposes of the program.”
Gifts of Appreciated Securities
Stocks, bonds, and mutual funds that have increased in value and been held for more than one year are one of the most popular assets our donors use when making a gift to the Evans Scholars Foundation. Here are instructions on transferring shares of appreciated securities.
IRA Required Minimum Distributions
If you are 70 ½ years of age or older, you can give directly to the Evans Scholars from a traditional IRA completely free of federal income tax (up to $100,000 per person per year). Here are instructions on making a gift from your IRA.
Other Retirement Plan Assets
By making the Evans Scholars Foundation the beneficiary of your retirement account, you may reduce or eliminate federal estate and income taxes related to your retirement account at your passing. Designating the Foundation as the beneficiary of an IRA or 401(k) does not require you to change your will.
You can make the Evans Scholars Foundation the beneficiary of life insurance policies without changing your will. For instance, you may have purchased a policy that is no longer needed for its original purpose, such as for the payment of estate taxes that may no longer be due, to protect children who are now grown or to fund now-completed educational plans.
Charitable Remainder Trusts
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust to create.
The Chick Evans Society
The Chick Evans Society recognizes donors who have thoughtfully provided for the Evans Scholars Foundation in their estate plans through planned gifts. If you have made this very important decision, we would be honored to list you as a member in the annual Donors Impact Report. Feel free to share with us as little or as much as you are comfortable. We understand and respect the confidentiality of your estate plans.
Please do not hesitate to call if you have questions about supporting the Evans Scholars through a planned gift.
Vice President, Development
Thank you for investing in the next generation of Evans Scholars!