Types of Planned Gifts

A gift of stocks, bonds, mutual funds or other securities is easy to arrange and makes it possible for you to make a more significant gift than you might with a cash contribution.  

If you own securities that have increased in value, making a gift using these assets can help maximize your charitable impact and minimize tax liability. In addition to receiving a charitable deduction for the full market value of your gift, you also avoid capital gains taxes associated with selling appreciated assets. As a tax-exempt not-for-profit organization, Rush is not subject to taxes, allowing the total value of your gift to support Rush’s mission and the future of health care. 

Transferring securities to Rush is simple to arrange. Because of the tax benefits involved, it’s also a mindful way to make the most of your philanthropy using non-cash assets.

Find all of our stock transferring information here.

Please contact us for more information.

A bequest is a simple and easy way to make a significant gift to Rush.

When you include Rush in your will or living trust, you create a lasting legacy that will serve countless patients close to home and around the world who benefit from innovations pioneered at Rush.

A provision in your will or living trust may be directed to the cause most meaningful to you. Whether you choose to provide support for Rush’s greatest needs or direct your gift to a specific care program, education, research or community service, you can be sure your bequest will help improve health care at Rush and enrich the lives of current and future patients.

Please contact us for more information.

Create your legacy with an IRA charitable rollover gift 

If you are 70½ or older, you can use your individual retirement account, or IRA, to support Rush. Making a qualified charitable rollover gift to us may lower the income and taxes from your IRA's required minimum distribution this year.

Benefits of making an IRA charitable rollover gift to Rush

• Avoid taxes on transfers of up to $100,000 from your IRA to support our cause
• May satisfy some or all of your required minimum distribution for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts 
• Use your IRA charitable rollover to make payments on an existing pledge to us

Read more about the IRA Charitable Rollover Gift.

What Is a Charitable Lead Trust?

A trust is a powerful tool for charitable and estate planning that pays income to a charity for a specified number of years, after which the remaining trust assets go back to the donor or family. The trust produces several tax benefits. 

How Can a Charitable Lead Trust Benefit You?

Creating a charitable lead trust with us can benefit you and your family in numerous ways:

• The trust will enable you to make annual gifts to our organization for several years.
• The remaining trust assets, plus any growth, will revert back to you or pass to your heirs with little or no gift or estate taxes.
• Transferring assets to the trust can reduce the value of your taxable estate.
• By transferring income-producing assets to the trust, you can reduce your taxable income.

How Does a Charitable Lead Trust Work?

• We will work with you and your attorney to help create a trust that meets your goals.  
• You transfer cash or income-producing assets to the trust.
• The trust will pay income to Rush based on the number of years you select.
• At the end of the trust's term, the balance of the trust's principal plus any appreciation will be transferred to you or your family.

What Assets Can Be Used to Fund the Trust?

The best assets are those with the potential for appreciation. Any growth in the trust assets will be passed on to your heirs with little or no gift tax.
 

The CARES Act passed in 2020 included several charitable tax provisions to encourage giving, and some of these provisions were extended in 2021 under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
 
Some of those important provisions include:

• A deduction for charitable donors who do not itemize when filing their tax returns: If you do not itemize but make a cash gift to charity, you will be allowed to take a special tax deduction, up to $300 ($600 for joint filers), to reduce your tax liability.
• An increase in the deduction limit up to 100% of a donor's annual income for cash gifts (the deduction was previously capped at 60% of annual income): If you make a gift, you will be able to deduct more this year.
   

Donating life insurance can create a significant and meaningful gift to Rush. The gift of life insurance can be made by simply naming Rush as the beneficiary of your policy or assign ownership to Rush during your lifetime. Your life insurance proceeds will help further Rush’s mission while also potentially benefitting you or your estate through a charitable deduction.

Please contact us for more information. 

Charitable Gift Annuities

A charitable gift annuity, or CGA, is part investment and part charitable contribution that helps you accomplish your financial and philanthropic goals. 

When you establish a CGA, you create a bright future for medical research, education and patient care at Rush while assuring a dependable income stream for yourself or a loved one. CGAs are popular with many different types of donors because they provide immediate and future tax benefits.

A CGA is simple to arrange: You make a gift to Rush and, in exchange, Rush pays you, and/or another beneficiary, payments for life. After your lifetime, the remaining value of the annuity becomes available to Rush and will continue to support Rush’s mission.
 

Charitable Remainder Trusts

A charitable remainder unitrust, or CRUT, provides income to a beneficiary for life or a term of years, and when that term ends, the remainder of the trust is given to Rush. A CRUT can help reduce taxes and provide for both your family and Rush. 

This is how a Charitable Remainder Trust works: 

• You can transfer cash or highly appreciated assets to the trust and receive a charitable deduction. 
• The annual payout rate determines the income you and/or your heirs receive during the term of the trust. 
• There are a number of ways you can structure the trust to maximize the benefits to you and your family.

Please contact us for more information. 

Mr. and Mrs. Skyler are considering a significant gift to RUSH but would also like to secure a steady income stream for themselves and provide for their children and grandchildren in the future. They have been successful financially and are in a position to consider $4 million for this purpose but would like to make a gift in a way that minimizes taxes. The Skylers decide to simultaneously establish both a charitable remainder unitrust and a charitable lead annuity trust, each funded with $2 million for a term of 20 years.

The $2 million charitable remainder unitrust will pay 5% of the trust assets to the Skylers over the next 20 years. The annual payout begins with $100,000, but if the trust assets continue to grow in value, the annual amount will also increase. Setting up the trust generates a $726,300 charitable deduction, which will save them federal income taxes as they claim the deduction over the next several years. When the trust terminates, the remaining principal will go to RUSH and establish an endowment named for them.

The charitable lead annuity trust for $2 million provides an annual sum of $100,000 for RUSH for a total gift of $2 million over the trust term. At the end of 20 years, the Skyler family receives the remaining assets from the charitable lead annuity trust. If the assets in the lead trust perform at a rate greater than the current discount rate, the family will receive assets in excess of what is reported as a taxable gift. The potential gains to the family can be substantial because there are no estate or gift taxes due on the remainder payout.

The Skylers are recognized for having made a contribution of $4 million to RUSH, but with this gift, they also generate an estimated total income of $2.1 million for themselves and $5.9 million for their family while realizing valuable tax benefits.