The Board of Directors and Staff of The Vannie E. Cook Cancer Jr. Foundation, Inc., Inc. thank all of our friends who have arranged for the Foundation to receive a bequest, life income plan, or other deferred gift. Below is a summary of some planned giving options. It is not offered as professional tax or legal advice and may not apply in all cases. Please consult a tax advisor or legal counsel about your specific situation.

Bequests

A bequest through a will is the most common type of planned gift, and does not draw on assets during a donor's lifetime. Bequests can be estate distributions of cash, securities, real estate, or personal property. Types of bequests include a percentage bequest, a fixed-dollar bequest, a residual bequest, and a contingent bequest. Important estate tax savings can result from a bequest.

Charitable Remainder Trusts

Charitable Remainder Trusts (CRTs) allow a donor to make a gift to The Vannie E. Cook Jr. Cancer Foundation while at the same time achieving several other financial objectives. When you create a CRT, you irrevocably transfer money, securities, real estate, or other assets to a trust that will then pay you an income for life or for a period of years. If you wish, the trust also can pay an income to another beneficiary. At the death of the surviving beneficiary, the remaining principal in the trust goes to the Foundation. Several types of CRTs allow the donor to tailor their gifts to best serve their own needs.

Life Insurance

Many donors choose to give life insurance policies to the Foundation either as an immediate gift or as a provision upon their passing. This can be an easy way to make a gift to the Foundation without revising your will and can have advantageous estate tax consequences. Donors who consider giving life insurance policies do so because they have no heirs or because they already have made provisions for beneficiaries through other financial vehicles.