Ways to Leave Your Legacy
Simple, flexible, impactful.
Bequests in Your Will or Trust
The most common and flexible way to make a legacy gift is through a bequest in your will or living trust. This simple provision costs nothing during your lifetime but creates a lasting impact for future generations.
You can choose to leave a specific dollar amount, a percentage of your estate, or particular assets. Bequests are revocable, meaning you can change your mind at any time, and they may provide significant tax benefits to your estate.
Sample Bequest Wording:
“I give and bequeath to The Heartland Institute, a 501(c)(3) organization located in Schaumburg, Illinois (Tax ID: 36-3240450), the sum of $_____ [or ___% of my estate, or the following property: ________] to be used for its general purposes in advancing free-market solutions.”
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Beneficiary Designations
One of the easiest ways to make a legacy gift is by naming The Heartland Institute as a beneficiary of your retirement accounts or insurance policies. This simple change can be made directly with your financial institution and can often be done online.
Individual Retirement Account (IRA)
Tax-advantaged way to support freedom
Life Insurance Policy
Create a legacy larger than premiums paid
Annuities
Transform savings into lasting impact
Donor-Advised Fund
Continue your giving beyond your lifetime
Sample Beneficiary Designation Information
Phone: (312) 377-4000 x203
Email: [email protected]
How to Use This Information:
Simply provide this information to your financial institution when completing beneficiary designation forms for your IRA, 401(k), life insurance, annuities, or donor-advised fund.
Other Giving Options
Explore additional ways to create your legacy while potentially receiving tax benefits and income during your lifetime.
Charitable Trusts
Provide income for yourself or loved ones while ultimately supporting our mission. These sophisticated giving vehicles offer tax benefits and flexibility.
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Pooled Income Funds
Real Estate Gifts
Transform your property into a powerful legacy for liberty. Whether it's your home, vacation property, or investment real estate, these gifts can provide significant tax advantages.
- Outright gifts of property
- Retained life estate agreements
- Bargain sale arrangements
Gifts of Appreciated Stock
Donate stocks, bonds, or mutual funds that have increased in value. You'll avoid paying capital gains taxes while receiving a charitable deduction for the full fair market value.
- Eliminate capital gains taxes
- Receive full fair market value deduction
- Support freedom with appreciated assets