Generosity comes in many forms, and it's often the best way for you to support important causes that matter the most to you in your life. When you give to Illinois CancerCare Foundation, you help us make a difference in the lives of central and western Illinois families coping with a cancer diagnosis.
Start here by learning the different gift options available to you. We will work with you to find a charitable plan that lets you provide for your family and support Illinois CancerCare Foundation.
A charitable bequest is one or two sentences in your will or living trust that leave to Illinois CancerCare Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
"I, [name], of [city, state ZIP], give, devise and bequeath to Illinois CancerCare Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
A donor advised fund is an account that 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 Illinois CancerCare Foundation or other charities. You cannot direct the gifts.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Illinois CancerCare Foundation as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Illinois CancerCare Foundation as a lump sum.
A charitable gift annuity involves a simple contract between you and Illinois CancerCare Foundation where you agree to make a gift to Illinois CancerCare Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.