Planned Giving

Thank you for your interest in supporting CLL patients and caregivers today and tomorrow. Please see a few options below for planned giving donations to CLL Society. If you would like to discuss how these donations would benefit CLL, or if there are other ways you’d like to give, please contact Patricia Koffman at pkoffman@cllsociety.org.

This information is not intended as legal, accounting, or other professional advice. For assistance in charitable planning, we recommend that you consult an experienced attorney for legal advice or the services of other qualified professionals.

Wills and Living Trusts:

A gift in your will or living trust is a meaningful way to support CLL Society. With the addition of one sentence, you can make a gift to CLL Society to benefit CLL patients and caregivers for years to come through research and support.

What are the benefits of making a bequest?

  1. You leave a lasting legacy to be remembered
  2. You may lessen the burden of taxes on your family
  3. You may receive estate tax savings
  4. It provides comfort knowing you are helping others tomorrow without affecting your assets today

 

A bequest in your will or trust can be made in several ways:

  1. You can gift a specific dollar amount or asset
  2. You can gift a percentage of your estate
  3. You can gift from the balance or residue of your estate
  4. You can gift a contingency bequest if your named beneficiary does not survive you

 

Restricted Bequests

If you are considering a bequest but would like to ensure that 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 help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give CLL Society, Inc. 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 CLL Society, Inc., it shall become impossible for CLL Society, Inc. to use this bequest to accomplish the specific purposes of this bequest, CLL Society, Inc. 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.

Legal Name: CLL Society, Inc.
Address: 1454 Melrose Avenue, Ste 1-247, Chula Vista, CA 91911
Federal Tax ID Number: 46-4131354

Please consult with your tax advisor and lawyer to determine which planned gift strategy is best for you. If you have included a bequest for CLL Society, Inc. in your estate plan, please contact us to let us know. We would like to thank you and recognize your gift.

IRA Charitable Required Minimum Distribution

This benefit is also commonly referred to as the IRA charitable rollover. If you are 70½ years old or older, you can take advantage of a simple way to benefit CLL Society, Inc. 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 tax on the money.

This law no longer has an expiration date, so you are free to make annual gifts to CLL Society, Inc. this year and well into the future.

What are the benefits of the IRA charitable rollover?

  1. Your gift will be put to use today, allowing you to see the difference your donation is making in the lives of CLL patients and caregivers.
  2. You pay no income tax on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  3. If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Please consult your financial or legal advisor about the best ways to take advantage of this tax-saving strategy. Ask your IRA administrator about making a direct transfer to CLL Society, Inc. or have the administrator send a check from your account to CLL Society, Inc. To be tax free, the donation must go directly from your account to CLL Society, Inc. without passing to you or others.

If you have included CLL Society, Inc. as a beneficiary, please contact us to let us know. We would like to thank you and recognize your gift.

Beneficiary Designations

In just a few minutes, you can make a lasting impact at CLL Society, Inc. and it won’t affect your current budget. Simply name CLL Society, Inc. as a beneficiary of one of your assets, such as the following:

  1. IRAs and retirement plans
  2. Life insurance policies
  3. Commercial annuities

 

It takes just three simple steps to make this type of gift. Here’s how to name CLL Society, Inc. as a beneficiary:

  1. Contact your retirement plan administrator, insurance company, bank, or financial institution for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) you would like us to receive, and name CLL Society, Inc., along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your plan administrator, insurance company, bank, or financial institution.

 

Please consult your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary. If you name CLL Society, Inc. in your plans, please use our legal name and federal tax ID. Please contact CLL Society, Inc. if you have named us as a beneficiary; we would like to thank you and recognize your gift.

Legal Name: CLL Society, Inc.
Address: 1454 Melrose Avenue, Ste 1-247, Chula Vista, CA 91911
Federal Tax ID Number: 46-4131354

Donor Advised Fund

A donor advised fund is an account that you set up but that is managed by a nonprofit organization. You contribute to the account, which may provide a tax deduction for you at the time of the gift, and the account grows tax-free. You can request how much (and how often) you want to distribute money from that fund to CLL Society, Inc. or other charities. You cannot direct the gifts, but as a general practice, these funds will honor your requests unless they are improper for some reason.

You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation or perhaps a community foundation in your area. You can then request—but not direct—how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.

In return, as stated above, you may qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.

Please consult your tax advisor and lawyer to determine which planned gift strategy is best for you. If you have included CLL Society, Inc. as a beneficiary of your donor advised fund, please contact us to let us know. We would like to thank you and recognize your gift.