Making a charitable gift via a bequest designation in your will or a beneficiary designation in your family trust is certainly not just for the wealthy. Many leading institutions of America have been built not only by the Rockefellers, but by the bequests of thousands of “regular folks.” In fact, it might be said that most middle-income Americans can only make their ultimate charitable gifts at the end of their lifetimes, after all of their personal care needs have been satisfied. Depending upon your personal circumstances, tax laws may offer opportunities for you to benefit your family through charitable planned giving which may result in savings of income, inheritance or estate taxes. Naming NAMI St. Louis as a beneficiary in your estate plan is a wonderful charitable gift that helps continue our St. Louis area programs for generations to come. This type of gift allows you to retain control of your assets during your lifetime, while ensuring that your legacy will live on by improving the lives of individuals and families with mental health conditions. By working with your legal and other counsel, you can leave your legacy in a will or revocable trust via the following suggested language:
An Unrestricted Bequest:
“I give, devise and bequeath to NAMI St. Louis (federal tax ID number 43-1143899), located at 1810 Craig Road, Suite 124, St. Louis, MO 63146. (Please insert dollar amount or percentage of estate remainder) to be used for the general purpose of the organization, at the discretion of its Board of Directors.”
A Restricted Bequest: (to support a particular program or area of interest to you)
“I give, devise and bequeath to NAMI St. Louis (federal ID number 43-1143899), located at 1810 Craig Road, Suite 124 St. Louis, MO 63146. (Please insert dollar amount or percentage of estate remainder) to be used for the purpose of _____________.”
Payable on Death/Transfer on Death (POD/TOD) Designations.
You may also designate NAMI-St. Louis as POD (payable on death) or TOD (transfer on death) on your bank account, certificate of deposit, IRA account or your stock brokerage account as follows:
NAMI-St. Louis, 1810 Craig Road, Suite 124 St. Louis, MO 63146, Federal tax I.D. number 43-1143899.
If you would like to discuss planned giving to NAMI St. Louis, please contact Dr. Christine Patterson, Ph.D., Executive Director at 314-962-4670.
Charitable IRA Gifts (Qualified Charitable Distributions-QCD)
In December 2015, Congress passed and the President signed into permanent law charitable IRA distributions per the following guidelines:
- You must be 70½ or older to be eligible to make a QCD.
- The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
- For a QCD to count towards your current year’s Required Minimum Distribution, the funds must come out of your IRA by your distribution deadline, generally December 31.
To make a QCD gift from your individual IRA, please inform your IRA custodian that you intend to make a Qualified Charitable Distribution directly to NAMI St. Louis, Federal tax I.D. number 43-1143899. The check should be made payable to “NAMI St. Louis” and be sent DIRECTLY from your IRA custodian to us at the following address: ATTN: Dr. Christine Patterson, NAMI St Louis, 1810 Craig Road, Suite 124 St. Louis, MO 63146.
Please request that your IRA custodian include a cover letter or note identifying you as the donor and providing your mailing address so that we may promptly send a donation acknowledgment letter to you. If you or your custodian have any questions, please contact Dr. Christine Patterson at 314-962-4670.