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1. Appreciated Securities

Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to Lawrence Hall. Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself such as federal income tax charitable deductions based on fair market value of the securities at the time of the transfer.

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2. Beneficiary Designations

Are you passionate about supporting the Lawrence Hall mission even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name Lawrence Hall as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will - which makes this approach an easy way to give.

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3. Cash

Consider a gift of cash. One of the easiest and most common ways for you to support Lawrence Hall is with a gift of cash. Cash can be used to support our work in the form of an outright gift by check, credit card or money order today, which enables us to meet our most urgent needs and carry out our mission on a daily basis. A payable on death (POD) account, such as a POD bank account or certificate of deposit, names one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. Additional ways of giving cash are through a gift in your will or living trust, a charitable lead trust, a donor advised fund, memorial or tribute gifts or an endowed gift.

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4. Charitable Lead Trust

Do you want to benefit from the tax savings that result from supporting Lawrence Hall, yet you don't want to give up any assets that you'd like your family to receive someday? You can have it both ways with a charitable lead trust. You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

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5. Charitable Remainder Trust

Looking for a way to give Lawrence Hall a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to consider the advantages of setting up a charitable remainder trust. Benefits of a charitable remainder trust include: potential for a partial charitable income tax deduction, potential for increased income, and up-front capital gains tax avoidance. The following assets can be used to fund a charitable remainder trust: cash, appreciated securities, closely held stock, real estate, retirement plan assets, and tangible personal property.

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6. Donor Advised Fund

Consider giving a gift through creating a Donor Advised Fund (DAF). A DAF is an easy, cost-effective way to support Lawrence Hall and other causes you love. A DAF is an account you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Lawrence Hall or other charities. You cannot direct the gifts.

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7. Gift in a Will or Living Trust

A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest. A charitable bequest is one or two sentences in your will or living trust that leaves to Lawrence Hall a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate. By including a bequest to Lawrence Hall in your will or living trust, you are ensuring that we can continue our mission for years to come.

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8. Life Insurance

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to Lawrence Hall: name Lawrence Hall as a beneficiary of the policy, make an outright gift of an existing policy or make an outright gift of a new policy.

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9. Tax-Free Gift with an IRA

Give Lawrence Hall a tax free gift with an IRA. If you are 70½ years old or older, you can take advantage of a simple way to benefit Lawrence Hall and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.

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10. Real Estate

Want to make a big gift to Lawrence Hall without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes or insurance. Another benefit: you don't have to hassle with selling the real estate. You can deed the property directly to Lawrence Hall or ask your attorney to add a few sentences in your will or trust document.

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11. Outright Gift or Bargain Sale

Make an outright gift or bargain sale to benefit Lawrence Hall. Did you realize that valuable antiques, stamp and coin collections, works of art, cars, boats, and other personal property can be used to support our work? Your treasures can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether we can use the property in a way that is related to our mission.

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Next Steps

1. Contact Amber Webb at 773-726-4720 or plannedgiving@lawrencehall.org for additional information on giving.

2. Seek the advice of your financial or legal advisor.

3. If you include Lawrence Hall in your plans, please use our legal name and federal tax ID:

Legal Name: Lawrence Hall
Address: 4833 N. Francisco Ave., Chicago, IL 60625
Federal Tax ID Number: 36-2167771

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.