GIVING THROUGH YOUR WILL OR TRUST

A gift through your will or revocable trust is a simple and meaningful way of remembering the Michael Reese Research and Education Foundation.

A sample clause you can share with your attorney is:
I give to The Michael Reese Research and Education Foundation, an Illinois not-for-profit corporation whose address is 1339 S Wood St, Ste G Chicago, IL 60608, (the sum of $ ) or ( % of the residue of my estate) for its general purposes.

GIVING THROUGH YOUR RETIREMENT PLAN

Designating the Michael Reese Research and Education Foundation as a beneficiary of retirement plan benefits may be a savvy gift strategy, as well as an easy one. Our charitable tax status exempts retirement benefits from estate and income taxes that your individual heirs could face. This does not require the involvement of an attorney.

GIVING THROUGH YOUR LIFE INSURANCE

You can donate life insurance that you no longer need for your family’s security to The Michael Reese Research and Education Foundation, either by transferring ownership of the policy or naming the Foundation as a beneficiary. Your estate may be entitled to a charitable deduction for the proceeds passing to The Foundation.

GIVING THROUGH CHARITABLE IRA ROLLOVER

You may be able to establish a charitable IRA rollover, or qualified charitable distribution (QCD) to the Foundation. These special provisions allow certain donors to protect transfers from IRAs from taxation and still count toward required minimum distributions.

To take advantage of this opportunity, you must be 70 or older, transfer the assets directly from a traditional or Roth IRA and complete the transfers by December 31 of the corresponding tax year.

How donations are spent