We can help you explore the various ways to create your meaningful legacy at Nemours – one that offers flexibility, allowing you to make a meaningful contribution at the best time and in the best manner for you.
You can make a gift to Nemours in your will or trust, designate Nemours as the beneficiary of retirement accounts or life insurance, or donate noncash assets such as real estate.
An IRA rollover allows up to $100,000 of your gift to be excluded from your gross income for tax purposes.*
How does this work?
You make a distribution directly from an IRA to Nemours by December 31.
Are you eligible?
You are at least 70.5 years of age.
The distribution must otherwise be included in gross income.
The distribution must otherwise be fully deductible as a charitable contribution.
What are the benefits to you?
Up to $100,000 for an individual or $200,000 for a couple is removed from your gross income for tax purposes.
Questions about an IRA rollover or other planned giving vehicles? Please contact Clint Travis, email@example.com, for more information.
*Certain IRS limitations apply. The information presented is not intended as legal or financial advice. Please consult your own professional advisors to discuss your specific situation.
Name Nemours as a Beneficiary
Name Nemours as a beneficiary of your IRA, other qualified retirement plan such as a 401(k), or a life insurance policy.
Distributions from an IRA or qualified retirement account are taxed as income when made to an individual beneficiary. Since Nemours does not pay taxes, your gift of retirement plan assets can pass to Nemours tax-free, with 100 percent of the assets available to help children.
Likewise, proceeds from a life insurance policy pass to Nemours tax-free. In addition, it may be possible to receive a current income tax charitable deduction for a gift of life insurance when you make Nemours the owner, as well as the beneficiary, of a policy.
Most administrators require a beneficiary designation form to name Nemours as a beneficiary of your account or policy. Use the legal name “Nemours Foundation” and the Tax Identification Number of 59-0634433.
Make a Life Income Gift
Make a gift that pays lifetime income to you and/or another. Life income gifts can offer important tax and financial benefits for you and your family, while making a meaningful difference for children at Nemours.
Learn more about the legacy our founder, Alfred I. duPont, set in motion more than 70 years ago.
A donor-advised fund (DAF) is a centralized charitable account. It allows charitably inclined individuals, families, and businesses to make tax-deductible charitable donations of cash, publicly-traded stock, and, in some cases, certain illiquid* assets, to a public charity.
*Illiquid refers to the state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value.