What is Planned Giving?

Planned gifts are donations made to NAMI Will-Grundy as part of your overall financial or estate plan created during your lifetime that will take effect at or after your passing. With a little forethought and planning you can make a significant gift to the organization without affecting your current lifestyle or your family’s security.

Benefits of Planned Giving

  • Making a larger charitable gift than you thought possible;

  • Providing inheritances for your heirs at a lower tax cost;

  • Reducing your income tax and even avoiding capital gains taxes;

  • Leaving a legacy without giving up assets;

  • Satisfaction in knowing that your legacy will make a difference in the lives of others who live with mental illness.

Planned Giving Options

To leave a lasting legacy to NAMI Will-Grundy, please consider the following planned giving options:

  • Legacy Gifts (Bequests): You name NAMI Will-Grundy as a future beneficiary through your Will or Living Trust in which you designate a specific dollar amount or a percentage of your estate after other disbursements.

  • Retirement Plan Designations: You name NAMI Will-Grundy as a future beneficiary in your IRA, 401(k), or 403(b) retirement plan.

  • Beneficiary Designations:

    • Payable on Death (P.O.D.) Accounts: You name NAMI Will-Grundy as future beneficiary of a bank account, such as a checking, savings or money market account, Certificate of Deposit (CD) or US Savings Bond.

    • Transfer on Death (T.O.D.) Accounts: You name NAMI Will-Grundy as a future beneficiary of a non-retirement investment account, such as stocks, bonds, and brokerage accounts.

  • Life Insurance Policies: You name NAMI Will-Grundy as a future beneficiary of an existing life insurance policy which you currently own but no longer need.

  • Real Estate: You make a gift of all or a portion of your appreciated property, such as your primary residence or vacation home, to NAMI Will-Grundy through an outright deed or through a bequest provision.

  • Charitable Remainder Trusts: You transfer cash or property to an irrevocable charitable trust. The trustee sells your property tax-free and provides you, or a second beneficiary, with a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term. At the trust’s termination or upon death, the trust assets become a generous donation to NAMI Will-Grundy.

  • Charitable Lead Trusts: You contribute property to an irrevocable trust. The trustee makes an annual income payment to NAMI Will-Grundy for your lifetime or a set period of years. At the end of the term, the trust property is distributed back to you or to your heirs. This provides generous annual support to NAMI Will-Grundy now, removes assets from your estate and passes an asset to heirs with little or no tax.

You can help create a lasting legacy

Hopefully, NAMI Will-Grundy has in some way positively affected your life, be it through support groups, education, advocacy or simply the fellowship of talking with other individuals, parents or families living with mental illness. With a simple gift that costs nothing during your lifetime, you can make a transformational difference to strengthen NAMI Will-Grundy’s array of support and educational programs that can provide hope and recovery for future generations.

Next Steps

If you are planning a gift:

  • Please seek the advice of your accountant, financial and/or legal advisor to assist you in determining what type of gift best suits your personal and financial circumstances.

  • Contact our Treasurer, Jim Arvia, or our Assistant Director, Cheryl Habeeb, at NAMI Will-Grundy for additional information.

If you have made a gift:

Thank you for the trust you have placed in NAMI Will-Grundy.

  • Please use our legal name of “NAMI Will-Grundy, Illinois.” Our Federal Tax ID: 90-0343172.

  • Please submit a Letter of Intent (click here to open). This provides a way to recognize and thank you during your lifetime, and ensure that your wishes are properly documented. The Letter of Intent shall affirm a commitment to NAMI Will-Grundy but shall not be binding upon your estate.

Please consult with your attorney, financial advisor, estate planning professional, accountant or other appropriate professional before making any material decisions based on information we provide through our printed materials or other sources. All information will be kept strictly confidential.