Use your will to make a charitable gift to the Children’s Tumor Foundation. A charitable bequest to CTF made in your will can take many forms:

• You can designate a percentage of your estate.
• You can designate a specific sum of property can leave an asset, such as real estate, securities, or other property, after other beneficiaries receive the portions you designate.
• You can make CTF the contingent beneficiary of your estate if your spouse/partner or other beneficiaries passes away before you.
• You can also create a charitable trust in your will to benefit CTF.

With all these methods of requests, you can designate exactly how you would like the funds to be used. You can also choose to make an unrestricted bequest, which allows CTF to use your contribution wherever it is needed most. For bequests conveyed to the Children’s Tumor Foundation through a will, you receive no tax benefits during your lifetime, but when you die the value of the bequest may be deducted from your taxable estate, relieving your loved ones of possible added estate tax burdens.

How It Works: To make a bequest to CTF, you will need to use the correct language in your will: “I hereby give and bequeath [amount, percentage amount, or property you are giving] to the Children’s Tumor Foundation, NewYork, NY for its general purposes.” To ensure that your wishes are followed exactly, we suggest including CTF’s full name and address in your will: Children’s Tumor Foundation 120 Wall Street, 16th floor New York, NY 10005, Tax ID number: 13-2298956.

Make sure your retirement assets include CTF as a beneficiary. You worked hard to save money for your retirement. Donating to CTF is a way to make sure that the remaining funds in your retirement account will help support the issues you care about. Retirement assets left to anyone but a married spouse can be subject to high estate taxes. When left to CTF, the full value of your remaining retirement assets will go directly to the organization. That’s why many donors name CTF as the beneficiary of their retirement plans.

How It Works: To make a gift of retirement assets, such as a401(k), 403(b), IRA, or pension fund, you can simply name the Children’s Tumor Foundation the beneficiary or contingent beneficiary of all or part of any retirement account that allows you to name beneficiaries. When you die or if your primary beneficiary does not survive you, the remaining assets will go to CTF. Please note that there are significant taxes associated with leaving retirement assets to individuals. Depending on the type and amount of retirement assets you own, estate taxes could cut those assets nearly in half, and income taxes on the proceeds to your beneficiary could then cut the leftover amount even more! However, retirement assets left by a nonprofit organization are not taxed at all.

Include CTF as the beneficiary of your life insurance policy. For many people, life insurance policies are less important later in life, when financial obligations like the cost of raising and educating children and paying a mortgage tend to decrease. This makes the gift of life insurance an excellent planned-giving vehicle. It enables sup-porters to leverage relatively modest premium payments into a significant contribution toward CTF’s fight to end NF.

How It Works: There are a number of ways to make a gift of life insurance to the Children’s Tumor Foundation as the beneficiary or contingent beneficiary of all or a portion of the proceeds of your policy. You can also transfer ownership of the policy to the Tumor Foundation outright. When you donate your life insurance policy to CTF, you can claim an immediate income tax deduction for the current value of the policy, and your future premium payments are also deductible.