Matching Gifts : Many companies will match employees’ charitable contributions to eligible nonprofit organizations. This is a great way to extend the impact of your gift to BPI. Check with your employer to see whether your company will match your gift and what the procedure is for doing so. Please contact Tammy Reed Tran for any needed documentation or assistance.
Gifts of Stock or Securities: Gifts of appreciated stock or securities can provide potentially significant tax benefits. Please contact Tammy Reed Tran for more information on making a contribution of stock to BPI.
Planned Giving: Another significant way to express your personal commitment to the mission and work of BPI is through including BPI in your estate plan. Leave a lasting legacy with the ultimate gesture of your support in BPI’s mission to fight for racial, economic, and social justice, as you increase the impact of your donation and potentially save on taxes by including BPI in your estate plan. A bequest in your will or designating BPI as a beneficiary of your IRA or life insurance policy supports BPI’s work and may reduce your taxable estate. Consulting with your tax advisor is, of course, an important first step in this process.
Name BPI in your will: You can include BPI in your will. A bequest to BPI qualifies for estate tax charitable deduction.
Sample language: I bequeath ______ (insert dollar amount, estate percentage, or item/ property to be donated) to Business and Professional People for the Public Interest, Inc., EIN 36-2675852, a 501(c)(3) nonprofit organization recognized by the Internal Revenue Service, with its principal offices at 25 E. Washington Street, Suite 1515, Chicago, IL, 60602 to be used for its general purposes.
Gifts of Life Insurance and Retirement Plans: If you have life insurance through your employer or own a separate policy, you can name BPI as a beneficiary. You can also make BPI the beneficiary of an IRA or retirement plan, which can provide potentially significant tax benefits. BPI’s EIN is 36-2675852.
There are a number of other gift vehicles that may also be appropriate for your situation. Please contact Tammy Reed Tran for more information on BPI’s planned giving options.
Cy Pres Awards: BPI is eligible to receive cy pres and residual fund awards. Cy pres awards can honor and advance the interests of class members while helping continue the fight for racial, economic, and social justice. Consider recommending BPI as a recipient of cy pres or residual funds in any class action settlement or judgment with which you are involved.
To further discuss any of these options to support the work of BPI, email Tammy Reed Tran for more information.