Including a gift to the National Headache Foundation in your will is a meaningful way of leaving an enduring legacy. The NHF is profoundly grateful for bequests, which make a significant impact on advancing migraine and headache training, education, research, advocacy, and initiatives.
Planned Giving Options:
Bequest: A provision in a will or estate plan that allocates all or part of the individual’s estate to a designated charity or nonprofit.
Types of Bequests:
Charitable Gift Annuity: An irrevocable transfer of property (e.g., securities) in exchange for a contract to pay the donor an annuity for life. Because the value of the property exceeds the value of the annuity, it is partially a gift to the recipient of the property.
Life Insurance: An arrangement in which a donor gives a life insurance policy to a charity or nonprofit. The cash value of that gift is tax-deductible, as are any future premiums the donor may opt to pay on that policy. Note that only life insurance policies that are paid in full qualify as planned gifts.
Life Estate: An arrangement in which a donor gives their home to the nonprofit while retaining the right to live there for the remainder of their life. The donor receives an immediate income tax deduction. The charity may sell the property upon the donor’s death.
A charitable bequest with a Donor-Advised Fund can benefit the NHF and help reduce your estate tax liability. Before you make any changes to your estate plan, you should always consult your financial, legal, and/or tax advisor. Share your estate plans with the NHF to ensure your wishes will be met.
Questions about estate bequests and our Legacy Giving Program? Contact Maureen Ballay, Director of Finance at [email protected]