Join the Society of Possibility
A legacy gift provides direct support to CYC programs and helps to build our endowment and cash reserve. All of these resources are critical to covering gaps in government support, ensuring our evidence-based programs and services to Chicago’s youth can continue through fluctuations in federal and state funding programs.
Different planned giving options may offer tax advantages. Talk with your estate planning attorney about what works best for you.
If you have any questions or would like to learn about how you can add CYC into your planned giving, contact Tiffany Wilson at tiffany.wilson@chicagoyouthcenters.org.
+ BEQUEST
What is it? A bequest is a gift made through a person's Will. There is a federal tax deduction to the estate for any gifts to charity.
Goal: Defer a gift until after lifetime.
Action: Put bequest benefitting Chicago Youth Centers in your Will (give percentage of an overall estate, or a specific sum of cash, stock, or property.
Benefit: Donations are full exempt from federal estate tax.
+ LIVING TRUST
What is it? A legal agreement under which a person's assets are held, managed, and distributed by an appointed trustee. The agreement specifies the persons or charitable organizations ("beneficiaries") who are able to receive the income and principal after death. The trust specifies what gifts to each benficiary will be. An individual who creates a living trust may change the beneficiary at any time.
Goal: Defer a gift until after a lifetime.
Action: Put bequest benefitting Chicago Youth Centers in your Living Trust (give a percentage of an overall estate, or specific sum of cash, stock, or property).