Planned Giving

A will or trust is a document that directs what is to happen to everything you own when you pass away. In those documents you can help the CICOA Foundation by giving:

• A specific sum of money
• A specific piece of property
• A percentage
• All or a percentage of everything that is left.

If you have already created your will or trust, you can create a simple change, called a codicil or amendment, to add the CICOA Foundation as a beneficiary. These are some examples:

Remaining

I hereby give and devise to the CICOA Foundation 35-1859069, 8440 Woodfield Crossing Blvd., Suite 175, Indianapolis, IN 46240, an Indiana non-profit 501(c)3, [all or _______ percent or fraction] of the rest, residue and remainder.

Specific Sum

I hereby give and devise to the CICOA Foundation 35-1859069, 8440 Woodfield Crossing Blvd., Suite 175, Indianapolis, IN 46240, an Indiana non-profit 501(c)3, the sum of $_________ or the percent or fraction for [purpose].

Specific Property

I hereby give and devise to the CICOA Foundation 35-1859069, 8440 Woodfield Crossing Blvd., Suite 175, Indianapolis, IN 46240, an Indiana non-profit 501(c)3, the following property, ________________, for [purpose].

Retirement Plan Beneficiary

You can name the CICOA Foundation as a beneficiary of your qualified retirement plan to receive a designated amount or percentage of assets you wish to be used for charitable purposes.

Retirement Plan Withdrawals

If you are required to take annual distributions from your retirement plan and do not need those distributions, then you can direct those distributions to the CICOA Foundation.

You can use your life insurance policy to help us continue our work:

• Name the CICOA Foundation as beneficiary of a policy you own – all or a portion.
• Purchase a new policy and name the CICOA Foundation as a beneficiary of all or a portion of it.
• Give a paid‐up policy you already own to the CICOA Foundation.
• Buy a policy benefiting your heirs to replace money or property you have given.
• Assign policy dividends to the CICOA Foundation.

With a gift annuity, you make a charitable gift of cash or other property (stock, collectibles, certificates of deposit, etc.). You, and/or others, then receive fixed payments for life, with the CICOA Foundation receiving the remaining assets. The frequency and rate of payments are determined at the time the gift annuity is funded.

A gift annuity can offer generous tax benefits, as well as the satisfaction of making a meaningful gift. A deferred gift annuity generates an immediate tax deduction and higher lifetime payments after the deferral period (e.g., a retirement income supplement).

You transfer assets to a trust and receive a fixed income based on the annual valuation of the trust. The income rate is fixed at the creation of the trust. The trust can be established for a certain number of years or for your lifetime. At the end of the trust, the assets are transferred to the CICOA Foundation.

You transfer assets to a trust and receive a fixed income based on the initial valuation of the trust. The trust can be established for a certain number of years or for your lifetime. At the end of the trust, the assets are transferred to the CICOA Foundation.

This trust is similar to the charitable remainder trust, except that the trust income is directed to the CICOA Foundation for a term designated by the donor. At the end of the term, the assets are returned to you or your designated beneficiary.