Planned Giving

A gift for generations.

Charitable planned gifts offer a tremendous opportunity for you to provide valuable financial support to the CICOA Foundation, and therefore CICOA, while receiving a benefit in return. The greatest benefit may be your peace of mind, knowing that the Foundation supports the work of CICOA and ensures that our important services will continue supporting Central Indiana’s rapidly increasing senior and disability population.

You have many possibilities with a planned gift with the CICOA Foundation: a charitable tax deduction, more income, the security of planning for your future, and more. We need your support now and into the future. A planned gift benefitting the CICOA Foundation will make a difference for so many.

Planned Giving - Keep Giving Forever

We can't stop aging or disability. Our loved ones and community neighbors will continue to grow older, and some may even face life-altering disabilities. Your gift to the CICOA Foundation serves generations who need our help.

Tom Ayer

Please contact Tom Ayer, Corporate and Planned Giving Manager, to see how the Foundation may assist you in developing gift plans that accomplish your financial, charitable and family objectives.

Call (317) 803-6367
Email tayer@cicoa.org

Let's Start a Conversation

A Gift That's Mutually Beneficial

We’re often asked, “Are there other ways I can support CICOA?” We appreciate donors, volunteers and staff who want to do more to help CICOA’s clients maintain their dignity and independence. Making a planned legacy gift commitment to the CICOA Foundation is one empowering way to give.

Benefits for you

  • Rewarding you with peace of mind that CICOA will continue to provide the services you have supported for all these years.
  • Allowing you to receive income from an asset, property, or investment that was paying you little or nothing.
  • Easing (and possibly eliminating) the tax burden from selling a stock, business, property, or other asset.

The CICOA Foundation and Planned Giving

Established in 1992, the CICOA Foundation only supports the work of CICOA. A properly formed planned gift will empower CICOA to continue to carry out its important work. Our development office can work with you and your professional advisor to create the planned gift that fits best with your financial circumstances. Thanks to the generosity of people like you, we can continue to provide what our clients need:

  • Nutritious, home-delivered meals for an elderly woman with no family nearby to help her
  • Transportation to dialysis appointments for a man in a wheelchair
  • Respite services and relief for an overwhelmed caregiver
  • Grab bars in a grandmother’s bathtub to help keep her safe from falling
  • Handrails for a senior couple to go in and out of their home safely
  • And so much more…

“Having worked with seniors for many years - I am well aware of their struggles, especially for those who live alone. CICOA is often their lifeline. We know that the donation will be well stewarded.”

Anonymous Donor

Types of Planned Gifts

Will or Trust

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

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.

Life Insurance

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.
Charitable Gift Annuity

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).

Charitable Remainder Unitrust

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.

Charitable Remainder Annuity Trust

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.

Charitable Lead Trust

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.

Contact the CICOA Foundation to Get Started:

Tom Ayer
Corporate and Planned Giving Manager
(317) 803-6367
tayer@cicoa.org