Planned Giving

Become a Prevention Partner and leave a legacy to the Prevent Cancer Foundation.

Planned giving benefits the Prevent Cancer Foundation, a 501 (c)3 nonprofit, and presents the opportunity for tax benefits and income for you. There is a wide variety of gift vehicles to consider, ranging from a bequest in your will to various types of charitable trusts. Because planned giving involves your assets, philanthropic goals and family needs, we strongly suggest you consult your attorney or financial planner before entering into any planned gift. We’re ready to help.

For more information, please contact Jacob Petersen, Special Events Manager at

(703) 519-2119 or by email at Jacob.Petersen@preventcancer.org.

Here are some popular ways to support the Foundation’s work through planned giving:

Cash

Your gift of cash is the quickest and easiest way to support our research, education and community outreach programs. What’s more, your gift is tax deductible in the year it is made.

Bequest

Your gift of a bequest can be made through your will. This contribution allows you to support the Prevent Cancer Foundation now, while ensuring that our cancer prevention research, education and community outreach programs continue in the future. Every dollar given through a bequest is fully deductible for federal estate tax purposes.

Charitable Gift Annuity

Your gift annuity is a contract between you and the Prevent Cancer Foundation which provides income for you, and/or your loved ones, and the Prevent Cancer Foundation, with excellent tax savings. Once you make a gift of cash, stocks, bonds or life insurance, we will pay you (and/or whomever you designate) a specified annuity each year for life. The annuity income is a percentage of the total donation and is based on your (and/or your beneficiary’s) age at the time the gift is made. It provides:

  • Income for life for you (and/or your designated beneficiary), part of which is tax-free
  • Immediate income tax charitable deduction
  • Reduction of capital gains tax on sale of gifts of appreciated property
  • Elimination or reduction of estate tax

Charitable Remainder Trust

You can use cash, stocks, bonds, real estate or life insurance to establish a charitable remainder trust. The trust is established for the life of the individual(s) or for a term of years, after which the principal supports the Prevent Cancer Foundation. It provides:

  • Income for life for you or your designated beneficiary/ies
  • Immediate income tax charitable deduction
  • Elimination of capital gains tax on appreciated property
  • Elimination or reduction of estate tax

Charitable Lead Trust

You can use cash, stocks, bonds, real estate or life insurance to establish a charitable lead trust. Annual income is paid to the Prevent Cancer Foundation and the appreciated assets in the trust are transferred to heirs or beneficiaries at the end of the trust’s term. It provides:

  • Annual income for the Prevent Cancer Foundation
  • Appreciated property that can be passed to designated heirs or beneficiaries
  • Elimination of additional gift tax on property’s appreciation passing to heirs
  • Elimination or reduction of estate tax

Retirement Accounts and Plans

Retirement account assets left to family members (other than your spouse) are subject to federal estate and income taxation. When you utilize retirement assets to fund your charitable gift and leave other assets to family members, you reduce your beneficiaries’ tax burden and leave a legacy to the Prevent Cancer Foundation.

Real Estate

Your gift of appreciated real estate to the Prevent Cancer Foundation allows you to avoid the capital gains tax when it is sold. Deduct the full fair market value of a home, farm or vacation property as a charitable contribution. Or, transfer the property to the Prevent Cancer Foundation and continue to use it for life. Your income tax charitable deduction will be the property’s estimated value when it is passed to the Prevent Cancer Foundation.

Tangible Property

Your donation of tangible property, such as art or jewelry, gives you an income tax charitable deduction based on its value or cost, depending upon how it furthers the mission of the Prevent Cancer Foundation.

Your gift of appreciated securities, mutual fund shares or bonds to the Prevent Cancer Foundation provides you with significant tax benefits through a charitable income tax deduction.

Life Insurance

Please consider naming the Prevent Cancer Foundation as the beneficiary and owner of your life insurance policy. This transaction can increase the value of your gift far beyond your out-of-pocket expense. You can immediately deduct—as a charitable contribution—the current value of an existing policy. If the policy is paid up, your deduction is the cash surrender value, or the cost to replace the policy, whichever is less. Future premium payments on a new or existing policy are also deductible.