Most of the donations we receive are gifts of cash or securities. But many CRI donors are increasingly preferring to make planned gifts — gifts of significant financial assets, or regular scheduled donations.

Because planned gifts are determined in advance and made over time, they can allow people to give more generously than they could through a one-time cash donation.

In addition to supporting CRI’s mission, planned gifts can provide certain financial advantages, such as increased current income, reduced income tax and deferred or reduced capital gains tax.

A variety of options
If you want to learn more about planned giving, download our chart highlighting the tax and other benefits of the different options mentioned below. Talk to your financial advisor and tax planner to see if planned giving is right for you.

• Bequests are the most popular type of planned gift. By making CRI a beneficiary of your estate by will or by trust, you can give either a specified or a percentage amount of your cash, securities, real estate and many other kinds of personal property.

These gifts are simultaneous to, contingent upon, or after provisions for family and friends are met. Your bequest should include CRI’s federal tax ID number (13-1837-442) and a statement such as the following:

“I bequeath to the Cancer Research Institute, Inc., a not-for-profit corporation of the State of New York, having its principal office at One Exchange Plaza, 55 Broadway, Suite 1802, New York, New York 10006, the sum of $______ for its general corporate purposes.”

Donors can also make what are known as “deferred” planned gifts. The availability of the asset to CRI is put off for a while, often until after your lifetime (and that of a surviving beneficiary, if you wish). In the meantime, however, your gift entitles you to income as well as tax benefits that can help you meet other financial objectives.

• Charitable remainder trusts allow you or someone you care about to receive lifetime income from an asset after it has been placed in a trust. CRI then receives what remains afterward. You also could deed interest in your home as a remainder and still retain the right to live in it for life.
  
  
• Charitable gift annuities can help to guarantee lifelong income for you and someone else for a gift of $10,000 or more. The older you are and/or the longer you defer annuity payments, the greater your annual annuity income can be.
  
  
• Charitable lead trusts enable you to provide income to CRI for a period of time until you or your heirs receive the trust remainder. In this way, your heirs can receive assets at a reduced cost.
  
  
• Life insurance gifts offer you the opportunity to name CRI as the beneficiary or owner of your new or old life insurance policy.
  
  
• Retirement plan gifts to CRI enable you to reduce your heirs’ income and estate taxes while preserving your plan’s value.

Please notify Jennifer Dudley at 1-800-99CANCER Monday through Friday, 9 a.m. to 5 p.m., Eastern Time U.S., or jdudley@cancerresearch.org of your planned giving intentions or if you would like more information.