LEAVE A LASTING IMPACT ON THE THREE PILLARS INITIATIVE

Planned giving allows you to leave a legacy of support for the Three Pillars Initiative in many ways that you may not be able to do during your lifetime. These ways of giving may also provide tax benefits for you. By supporting TPI through planned giving, you can help us ensure that we continue to fulfill our mission to work with communities to develop and launch programs that teach the art, science and business of philanthropy to the next generation by providing hands-on experiences in fundraising, grantmaking and community service.

Why Consider Participating in Planned Giving?

Planned giving donations may help you avoid capital gains taxes, receive tax deductions upfront, and may have other financial benefits for you and your family. These legacy gifts help us expand our reach and ensure that our work continues in perpetuity.

How to Participate in Planned Giving?

There are many ways to participate in planned giving with the Three Pillars Initiative. Here are some of the most common vehicles:

Wills and Trusts (Bequests)

Join our community of support by making a gift to the Three Pillars Initiative in your will or trust. Wills and trusts are the most common planned gift. You may adjust your plans at any time if life circumstances change. This type of donation to TPI in your will or living trust helps ensure that we continue our mission for years to come.

You can make a charitable donation by naming the Three Pillars Initiative as a beneficiary in your will. The federal government encourages these gifts or bequests by allowing an unlimited estate-tax charitable deduction. There are four ways you can make a bequest:

General Bequest

This is the most popular type of charitable bequest. You simply leave a specified dollar amount to the designated charity.

Residual Bequest

Your estate will cover all debts, taxes, expenses, and specific bequests. The remaining amount — the residue — will be transferred to the Three Pillars Initiative.

Contingent Bequest

You can ask that the Three Pillars Initiative receive all or a portion of your estate only under certain circumstances. For example, you can name TPI as a beneficiary of your estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to the Three Pillars Initiative.

Percentage Bequest

You can designate a percentage of the estate or of the residual estate. If the size of the estate changes, the bequest to the Three Pillars Initiative will change in the same proportion.

If you are interested in naming the Three Pillars Initiative in your bequest, we suggest the following language: “I hereby give, devise and bequeath (dollar amount or description of gift) to the Three Pillars Initiative, a nonprofit organization, P.O. Box 4077, Oak Park, IL 60303, Federal Tax ID #83-2488954, for its general use and purpose.”

The information provided here is not intended as legal or tax advice. Please consult your attorney or accountant to discuss the legal or tax implications for your individual situation.

Stocks, Bonds and Securities

You can donate appreciated stocks or other securities to the Three Pillars Initiative. Gifting these to TPI can help you avoid tax on capital gains and can give you a charitable tax deduction.

Gifts of Real Estate

Donating your home, land, vacation property, or other real estate to the Three Pillars Initiative can help you avoid capital gains taxes.

Retirement Assets

When you name the Three Pillars Initiative as the primary beneficiary on your retirement, you can avoid income and estate taxes. A gift from your IRA, 401(k), 403(b) or inherited IRA are all excellent ways to support TPI.

Gifts of Insurance 

You can designate the Three Pillars Initiative as the beneficiary of your life insurance policy. You can also name TPI as an owner of the policy. This can allow you to receive a charitable deduction and reduce your estate taxes.

Next Steps you Can Take

• Contact us at eileen@emgfundraising.com for more information on planned giving.
• Seek the advice of your financial or legal advisor.
• If you include TPI in your plans, please use our legal name (Three Pillars Initiative) and tax ID number (83-2488954).
• Please notify us if you have designated The Three Pillars Initiative in your giving plans.