Planned giving means arranging a donation now so AARDA benefits from your kindness during your life — and after you have passed away. Planned gifts include bequests, life insurance policies, charitable gift annuities, charitable lead trusts, charitable remainder trusts, and other options. A planned gift can help with tax and financial goals today — and after your death. You can make a larger gift to AARDA that may not have been possible in your lifetime. In some cases, taxes may be owed on these funds unless they are left to a charity. To taxes, or to AARDA? Plus there are tremendous income tax benefits available for you right now against current income for a future commitment to AARDA. For more information, speak with your financial planner today.

With your planned gift, you can help AARDA for years to come! AARDA can better advocate for legislative change, increase autoimmune disease awareness, educate the public and elected officials, and facilitate research. AARDA's planned giving options include:

  • Gifts left in your will
  • Life insurance policies
  • Gifts made through retirement plans
  • Memorial gifts for loved ones

Today’s present cost of these gift options can be minimal, but the future benefits can be enormous.

Retirement Plans

Most retirement plans – such as an IRA, 401(k) or 403(b) – are tax deferred until funds are withdrawn. If passed on to loved ones, the tax burden can be significant. Consider leaving other assets to heirs and use tax-deferred accounts for charitable causes like AARDA. The benefits of this are:
  • You maintain control of accounts as long as you live. Beneficiary designations are easy to add and cost nothing to arrange.
  • You can name one beneficiary or several.
  • You can change your mind at any time.
  • Because AARDA is tax-exempt, the entire remaining balance (not an after-tax portion) helps those affected by autoimmune disease.

Contact your bank or plan administrators for a beneficiary designation form. Sometimes these forms can be found online or requested using the contact information on your monthly statement.

Life Insurance

Life insurance can be used for charitable giving in several ways:

  • Designate AARDA as a beneficiary of an existing life policy or insurance annuity. Although there is no immediate tax benefit, it is easy, involves no fees, and can be changed any time.
  • Donate a paid-up whole life policy. Name AARDA as policy owner and beneficiary to receive a tax deduction equal to the cash surrender value or cost basis, whichever is less.

Through a will or living trust, you can leave assets to loved ones and include the IPPF. It’s not “all or nothing” and you can give in a way you are comfortable with. For example:

  • a specific amount or percentage of your estate
  • what remains after other bequests are made
  • a conditional gift if your beneficiaries pre-decease you

Charitable Remainder Trusts and Charitable Lead Trusts can blend your estate planning needs and your charitable wishes.

Charitable Remainder Trust

This popular type of trust can be customized in many ways to provide income to you or others for life or for a specified term. When the trust ends, the remaining assets are gifted to charitable beneficiaries. A charitable remainder trust offers many benefits:

  • An income tax deduction when the trust is created
  • Capital gains tax benefits if funded with appreciated assets
  • Flexibility because you select the rate, term, income recipients, and charitable beneficiaries
  • Fixed or variable payments to income beneficiaries
  • Federal estate tax savings and reduced estate settlement costs

Charitable Lead Trust

Donors who are not seeking additional current income but are concerned about preserving the value of an estate when passing assets to heirs might find benefits in a charitable lead trust.

A charitable lead trust is the reverse of the remainder trust. A lead trust pays income to charities. The remainder goes to individuals that you name. A lead trust may offer these benefits:

  • Flexibility because you select the rate, term, income recipients, and charitable beneficiaries
  • Fixed or variable payments to income beneficiaries
  • Accelerated income tax deduction for future charitable gifts into the current year

Family beneficiaries receive assets when the trust terminates free of gift or estate taxes on any growth that occurs within the trust.

Please discuss these with your legal representative.

If you are considering making an outright bequest to AARDA, we recommend the following language.

Specific Dollar Amount Bequest

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to the American Autoimmune Related Diseases Association, a nonprofit organization located at 22100 Gratiot Ave., Eastpointe, MI 48021, United States, Federal Tax ID #38-3027574, for AARDA's general use and purpose.

Percentage Bequest

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to the American Autoimmune Related Diseases Association, a nonprofit organization located at 22100 Gratiot Ave., Eastpointe, MI 48021, United States, Federal Tax ID #38-3027574, for AARDA's general use and purpose.

Residual Bequest

I hereby give, devise and bequeath to the American Autoimmune Related Diseases Association, a nonprofit organization located at 22100 Gratiot Ave., Eastpointe, MI 48021, United States, Federal Tax ID #38-3027574, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate for AARDA's general use and purpose.

Restricted Bequest

If you are considering a bequest, but would like to ensure your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to meet your charitable objectives and craft language to accomplish your goals.

If you are making a restricted bequest, we ask your attorney include the following provision to give AARDA flexibility should it no longer be possible for us to use your gift as you originally intended:

If, in the judgment of the Board of Directors of the American Autoimmune Related Diseases Association, it shall become impossible for AARDA to use this bequest to accomplish the specific purposes of this bequest, AARDA may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Remember: If you have included a bequest for AARDA in your estate plan, please let us know. We would like to thank you and recognize you for your gift.

What are the advantages for me in making a planned gift?

A planned gift can help with tax and financial goals today and after your death. You can make a larger gift to AARDA that may not have been possible in your lifetime. In some cases, taxes may be owed on these funds unless they are left to a charity. To taxes, or to AARDA?

Are there income tax benefits now for future charitable gifts from my estate?

Yes! There are tremendous income tax benefits available for you right now against current income for a future commitment to AARDA.

Are there ways I can give in my estate plan and reduce any tax liability for my heirs?

Yes! Ask your financial representative about programs such as Charitable Lead Trusts, Charitable Gift Annuities, and Appreciated Securities.

I would like to make a planned gift now, but I need the income those assets provide. Is there a way to still get that income and benefit AARDA?

Yes! You can receive income from your assets AND a possibly receive significant income tax benefit. You can receive income for your life, your heirs receive the asset value at death, and AARDA receives a gift.

Can I specify how my gift is to be used?

Yes! There are options for restricted gifts, however, adding your gift to our general fund allows us to use them as needed at that time. But it is your decision and we will honor it. We ask you discuss these options with us.

Should I let AARDA know about my planned gift?

Yes, but by informing AARDA of your gift, we can plan better and recognize your contribution right away.