Planned Giving: Create a Legacy & Continue the Hope
The Lynn Stern Society was created to recognize and honor exceptionally committed individuals who understand the importance of ensuring that Cancer Support Community continue its efforts to provide integrated cancer care, and who have provided critical, long-term support through their estate plans.
Philanthropy through estate planning is essential to advance and enhance the continuity of CSC services and to sustain the organization’s mission.
To avoid legal challenges and guarantee Cancer Support Community Greater Cincinnati-Northern Kentucky receives your gift or bequest, please designate planned gifts to:
Cancer Support Community Greater Cincinnati-Northern Kentucky
4918 Cooper Road
Cincinnati, OH 45242
Tax ID 31-1287785
For more information about any of these planned giving options, contact CSC Director of Development Gretchen Ramstetter (513) 791-4060 ext. 18; firstname.lastname@example.org.
Planned Giving vehicles include:
Your bequest to Cancer Support Community Greater Cincinnati-Northern Kentucky can be a:
- Specified amount of cash, an investment fund, or a piece of property
- Percentage of the entire estate or percentage of a specified investment
- Contingent designation taking effect only if your other beneficiaries fail to survive you
- Revocable Living Trusts are not subject to probate. They remain private and avoid public scrutiny. When you pass away, a trust will save time, expense, publicity and frustration for those you love. Trusts also assure seamless administration of your assets at your death or in the event you become incapacitated.
- Charitable Remainder Trusts enable you to contribute to Cancer Support Community Greater Cincinnati-Northern Kentucky and receive guaranteed payments for life or a period of years through a trust designed by you with the help of your lawyer. Payments may either be a fixed amount or a fixed percentage of the trust assets. A Charitable Remainder Trust offers gift, estate and income tax benefits.
- Charitable Lead Trusts will pay income to Cancer Support Community Greater Cincinnati-Northern Kentucky during your life, someone else’s life, or for a fixed number of years. Your beneficiaries will receive the remainder. You will be able to design the trust to fit your particular needs. Charitable Lead Trust assets are not taxable in your estate when you pass away, thereby providing valuable income, gift and estate tax benefits.
Benefits from life insurance owned by you at the time of your death will be included in your estate. If you designate Cancer Support Community Greater Cincinnati-Northern Kentucky as the beneficiary, your estate will receive an estate tax deduction equal to the full amount of the insurance benefit. You can donate an existing policy and receive a tax deduction for the current value now.
Assets in your 401(k), 403b, pension, IRA or other retirement plan will be subject to estate and income taxes when you pass away. They may also be subject to generation-skipping taxes. This double or triple taxation means your beneficiaries could potentially receive less than 20% of your retirement assets. If you name Cancer Support Community Greater Cincinnati-Northern Kentucky as the beneficiary, there will be no taxes.
Gifts of real estate or personal property may also be options; consult your financial advisor or attorney for advice.