Planned Giving
From IRA’s to Stocks and Bonds, to Real Estate and even Cash, see below for more information to see what option works best for you.
IRA Charitable Rollover
IRA Charitable Rollover
You may be looking for a way to make a big difference to help further Scouting’s mission. If you are 70 1/2 or older, an IRA charitable rollover is a way you can help continue Scouting’s work and benefit this year.
Benefits of an IRA Charitable Rollover - Also known as a Qualified Charitable Distribution
- Avoid taxes on transfers of up to $100,000 from your IRA to the Illowa Council.
- Satisfy your required minimum distribution (RMD) for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help further the work and mission of our organization.
How an IRA Charitable Rollover Gift Works
- Contact your IRA plan administrator to make a qualified charitable distribution from your IRA to Scouting America Illowa Council Inc. Our address is 4412 North Brady Street, Davenport, Iowa 52806.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA qualified charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us at 563-388-7233 or [email protected] if you wish for your gift to be used for a specific purpose.
Gifts of Stocks & Bonds
Gifts of Stocks & Bonds
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to the Scouting America Illowa Council Inc. There are special rules for valuing a gift of stock. Please work with your tax advisor to understand how to value your gift.
Benefits of Gifts of Stocks and Bonds
- Avoid paying capital gains tax on the sale of long term appreciated stock.
- Receive a charitable income tax deduction for the full fair mairket value of the gift.
- Further Scouting’s mission today
How to Make a Gift of Stocks and Bonds
- Electronic Transfer – You can transfer stock or bonds from your brokerage or investment account to Scouting America Illowa Council Inc.
- If this is something you’d like to do, please contact our office at [email protected] or 563-388-7233 for the information to process an electronic transfer.
Real Estate Gifts
Gift of Real Estate
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to Scouting America Illowa Council Inc.
How to make a gift of Real Estate
Please contact us at 563-388-7233 to discuss your gift. We have specialists who can help make your gift a reality. Please note that the value of your charitable gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.
Benefits of Gifts of Real Estate
- Avoid paying capital gains tax on the sale of the real estate
- Receive a charitable tax deduction on the value of the gift
- Leave a lasting legacy to Scouting America Illowa Council Inc.
Retirement Assets
Retirement Asset Gifts
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Scouting America Illowa Council Inc.
You can make a gift of your unused retirement assets through a beneficiary designation to help further Scouting’s mission.
Benefits of Gifts of Retirement Assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
How to make a gift of Retirement Assets
To leave your retirement assets to Scouting America Illowa Council Inc., complete a beneficiary designation form provided by your retirement plan custodian. If you designate Scouting America Illowa Council Inc., as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift. Please be sure to include our EIN# in the beneficiary designation: 36-2616917.
More on Gifts of Retirement Assets
As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Cash Gifts
Cash Gifts
A donation of cash is a simple and easy way for you to make a gift.
Benefits of Gifts of Cash
- You can make an immediate impact on Scouting’s mission
- You possibly will be able to take a charitable income tax deduction
How to make a gift of Cash
Mailing a gift of cash/check – you can send us a check, or money order. Please let us know if you want your gift used for a specific purpose by indicating that purpose either in the memo line or in a letter to us.
Our address is 4412 North Brady Street, Davenport, Iowa, 52806.
Gift of Insurance
Gift of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Scouting America Illowa Council Inc. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Scouting America Illowa Council. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
How to Make a Gift of Life Insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from them and include Scouting America Illowa Council, Inc., as the beneficiary of your policy.
Bequests
Bequests
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Scouting America Illowa Council Inc., that will make a lasting impact.
- Receive an estate tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to charity
How a Bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Scouting America Illowa Council Inc., as part of your estate plan, or you can make a bequest using a beneficiary designation form.
HERE ARE SOME OF THE WAYS TO LEAVE A BEQUEST TO SCOUTING AMERICA ILLOWA COUNCIL INC.:
- Include a bequest to Scouting America Illowa Council Inc., in your will or revocable trust
- Designate Scouting America Illowa Council Inc. as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
- Name Scouting America Illowa Council Inc. as a beneficiary of your life insurance policy.
Scouting America Illowa Council Inc., Bequest Language
An excellent way for you to support Scouting America Illowa Council Inc’s., mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.
Types of Bequests
There are a number of ways you can make a bequest to Scouting America Illowa Council Inc.
- Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Scouting America Illowa Council Inc.
- Percentage Bequest. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Scouting America Illowa Council Inc.
- Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Scouting America Illowa Council Inc.
- Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Scouting America Illowa Council Inc.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Scouting America Illowa Council Inc. in your estate plan. We have provided some basic bequest language to assist you and your attorney.
- Specific Bequest
If you are considering making an outright bequest to Scouting America Illowa Council Inc., we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Scouting America Illowa Council Inc., a nonprofit organization located at 4412 North Brady Street, Davenport, Iowa, 52806, Federal Tax ID #36-2616917, for Scouting America Illowa Council Inc., general use and purpose.
- Percentage Bequest
If you are considering making a bequest of a percentage of your estate to Scouting America Illowa Council Inc., we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Scouting America Illowa Council Inc., a nonprofit organization located at 4412 North Brady Street, Davenport, Iowa, 52806, Federal Tax ID #36-2616917, for Scouting America Illowa Council, Inc. general use and purpose.
- Residual Bequest
I hereby give, devise and bequeath to Scouting America Illowa Council Inc., a nonprofit organization located at 4412 North Brady Street, Davenport, Iowa, 52806, Federal Tax ID # 36-2616917, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Scouting America Illowa Council, Inc. general use and purpose.
- Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Scouting America Illowa Council, a nonprofit organization located at 4412 North Brady Street, Davenport, Iowa, 52806, Federal Tax ID # 36-2616917, DESCRIPTION OF PROPERTY to be used for Scouting America Illowa Council, Inc, general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Scouting America Illowa Council, Inc., flexibility should it no longer be possible for our Scouting America Illowa Council, Inc., to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Scouting America Illowa Council Inc., it shall become impossible for Scouting America Illowa Council, Inc, to use this bequest to accomplish the specific purposes of this bequest, Scouting America Illowa Council, Inc., may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Planned Giving Letter of Intent
A Planned Giving Letter of Intent (LOI) serves to formally notify us of your future gift, outlining your wishes for how the donation (from your will, trust, etc.) should be used, ensuring alignment, providing context, and helping us for your legacy, all without being a legally binding document itself. Its purpose is to guide us, express personal intent beyond legal documents, and facilitate a meaningful and well-understood legacy.
Illowa Council’s Letter of Intent is available below.
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