Securities, Stocks, Bonds, or Mutual Funds

Your tax deductible gift will allow you to bypass capital gains taxes.

Publicly traded securities, stocks, bonds and mutual funds may be donated to N.A.S.C.F. at their present fair market value, including any "paper profit" in the stock. In this way, you avoid the capital gains tax that would be due if the securities were sold. In most cases, you also can claim an income tax deduction for the full market value the day of the gift. Closely held stock also can be an excellent way to make a donation.

Example:

Mrs. Green purchased stock in 1985 for $250. The stock is now worth $1,000.

Mrs. Green donates the stock to the North Alabama Sickle Cell Foundation, Inc. instead of cash. The N.A.S.C.F. receives a donation of $1,000 (the fair-market value of the stock). Mrs. Green can claim a $1,000 charitable deduction on her next income tax return. In a 36% tax bracket, that means she saves $360 in taxes.

She also avoids the $150 in capital gains taxes that would have been due if she had sold the stock outright.

The result: including the tax savings, a gift of $1,000 cost Mrs. Green only $490.*

* Please note this is for illustrative purposes only.

Workplace Giving Program

Wills

A bequest - making a donation through your will - is one of the easiest and most effective ways to make sure that your family and friends are fully provided for by your estate, while at the same time supporting the important work of an organization such as the North Alabama Sickle Cell Foundation. A bequest has the added advantage of lowering your federal estate taxes and reducing estate fees.

Through your will, you can specify that the remainder of your estate (after your family and friends are provided for) goes to charity, or you can specify that a charity receive a pre-determined fixed gift.

If you already have executed your will, you can amend it easily through a simple legal device known as a "codicil."

Here is some suggested wording for leaving a bequest to N.A.S.C.F. - but please consult your attorney or tax adviser for further information:

I give, devise, and bequeath to the North Alabama Sickle Cell Foundation, the sum of $_____________ to be used for the general purposes of N.A.S.C.F.."

- or -

"I give, devise, and bequeath to the North Alabama Sickle Cell Foundation, Inc., for its general purposes, _____________ [a fraction or percentage] of the rest, residue and remainder of my estate, both real and personal."

Our Legal Name and Address:
North Alabama Sickle Cell Foundation, Inc.
P.O. Box 813 or 1207 Posey Street, NW
Huntsville, AL 35816
Tax Identification # 58-1905302

Trusts

When you decide to make a donation through a trust, you transfer property to the charity to be invested over your lifetime. This charitable trust generates regular income to you and your spouse (or other designated beneficiary) for your lifetime(s). When you and your beneficiary die, the trust terminates, and the remaining amount in the trust passes to the charity you selected, such as the North Alabama Sickle Cell Foundation, Inc.

In many cases, the income you receive from this trust during your lifetime will be tax free (depending upon the property used to fund the trust). Also, there are no capital gains taxes on the property that is used to fund the trust. There also may be estate and gift tax savings.

Example:

Jack Bartlett, a 70 year-old widower, wants to establish a trust for the North Alabama Sickle Cell Foundation, Inc., but he is living on his investment income and cannot afford to give up any of that income.

He transfers property worth $250,000 to what's called a "Charitable Remainder Trust." His income, based on a (conservative) 7% investment return, will be approximately $17,500 a year for the rest of his life.

A calculation based on his age when he establishes the trust entitles him to receive a charitable gift tax deduction for $90,611.

After his death, the principle - the $250,000 - will be transferred to the North Alabama Sickle Cell Foundation, Inc..*

* Please note this is for illustrative purposes only.

Life Insurance

Life insurance has long played an important role in charitable giving. Whether you donate an older policy you no longer need, or start a new policy to donate to a charity, this is a unique way to turn modest annual premiums into a significant donation. There are four basic ways you can use life insurance to benefit the North Alabama Sickle Cell Foundation, Inc.:

1. NAME N.A.S.C.F. AS YOUR SUCCESSOR BENEFICIARY:
   You may currently own a life insurance policy and have named your spouse as beneficiary. You could name N.A.S.C.F. as "successor beneficiary" in the event that your spouse dies before you. Your estate would then receive a charitable deduction and the money would pass to charity tax-free.
2. NAME N.A.S.C.F. AS YOUR PRIMARY BENEFICIARY:
   If you purchased a life insurance policy several years ago, but your chosen beneficiary no longer needs the protection or you no longer want him/her to receive the benefit (for example, if you were divorced, your spouse died, or you felt your children didn't need the money), you could designate N.A.S.C.F. as beneficiary. Once again, your estate would receive a charitable deduction and the money would pass to charity tax-free.
3. DONATE AN EXISTING POLICY YOU NO LONGER NEED TO N.A.S.C.F.:
   If you have an older insurance policy or policies which you no longer need and would like the benefit of a current income tax deduction, you can donate one or more life insurance policies to N.A.S.C.F.. As long as all of the rights of ownership are completely transferred to N.A.S.C.F., you will receive a current income tax deduction roughly equal to the cash surrender value of the policy.
4. PURCHASE A NEW INSURANCE POLICY FOR N.A.S.C.F.:
   You may wish to make a significant contribution to N.A.S.C.F.. You can purchase a new life insurance policy and name N.A.S.C.F. as owner and beneficiary. You will be making a sizeable gift that will be available to N.A.S.C.F. in the future.