Top 6 Planned Giving Questions

1. What is a planned gift?
A planned gift is a gift to be made in the future that immediately satisfies your philanthropic goals and might improve your financial situation. It can be a bequest in a will or trust, a beneficiary designation of an insurance policy or retirement plan, a transfer on death designation of a bank or securities account, a charitable trust, or a charitable gift annuity.

2. Who can make a planned gift?
Virtually anyone can make a planned gift at any level. I believe there is a perception problem among people that they can’t make planned gifts, but these gifts offer tax advantages for all, regardless of age or financial means.

3. Why should I make a planned gift?
The DRI relies on planned gifts to continue its critical work toward a cure. When you establish a planned gift, you leave a lasting legacy that will extend the benefits of your generosity far into the future and on a much broader scale.

4. What is the most popular planned gift?
By far, the most popular planned gift to the Diabetes Research Institute Foundation (DRIF) is a bequest made through your will. When making a bequest, you can designate a specific dollar amount, a percent of your estate, or what is left in your estate after other bequests are fulfilled. It is simple to establish and, because it is revocable, you can make changes at any time.

5. How do I make a planned gift?
The DRIF can provide detailed information, including draft language, for your attorney or other advisor regarding any planned gift you are considering. Please contact Jill Shapiro Miller at (800) 321-3437 to arrange for a confidential conversation.

6. If I make a planned gift to the DRIF, must I inform anyone?
It is not necessary for you to inform the DRIF of your plans. However, they are always delighted to welcome a donor to the Heritage Society, which honors those who have demonstrated their commitment to the DRIF with a planned gift. As a member of the DRI Heritage Society, you are setting an example for others to follow. Plus, you will receive a plaque that demonstrates your commitment to the DRI, and your name will be inscribed on a wall of honor at the Institute.

Provided by: CERTIFIED FINANCIAL PLANNER™ Rick Tonkinson, president of Tonkinson Financial and member of the Diabetes Research Institute Foundation’s Board of Directors

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