Gifts That Cost You Nothing Now
When you create your legacy for the Parkinson’s community, you enable us to continue our life-changing work for years to come.
Gifts in a will or by beneficiary designation are two easy ways to bring hope to the entire Parkinson’s community for years to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for the Parkinson’s Foundation. By simply signing your name, you can create a legacy of improving the quality of life for all affected by Parkinson’s.
Once you have provided for your loved ones, we hope you will consider making fighting Parkinson’s disease part of your life story through a legacy gift.
LET US KNOW!
Please let us know if you’ve already included a gift for the Parkinson’s Foundation. Providing us with documentation is the best way to ensure that your gift is used in the way you intend.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
Costs you nothing now to give in this way.
You can alter your gift or change your mind at any time and for any reason.
Your gift will create your legacy of advancing research towards a cure for Parkinson’s.
Four simple, “no-cost-now” ways to give in your will
Leaves a gift of a stated sum of money to the Parkinson’s Foundation in your will or living trust.
Leaves what is left over after all other debts, taxes and other expenses have been paid.
Leaves a specific dollar amount, percentage, fraction or specific items (collections, art, books, jewelry, etc.).
Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to the Parkinson’s Foundation contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in educating and empowering people with Parkinson’s — and it costs you nothing now.
By naming the Parkinson’s Foundation as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of making life better for everyone in the Parkinson’s community.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with the Parkinson’s Foundation
Designate the Parkinson’s Foundation as a beneficiary:
- To name the Parkinson’s Foundation as a beneficiary of an asset, contact the custodian of that asset to see whether a change of beneficiary form must be completed.
- You can also make your gift easily using this free online tool to identify the asset for which you would like to designate the Parkinson’s Foundation as a beneficiary. This tool will provide you with instructions to contact the necessary institution, and will automatically provide you with the Parkinson’s Foundation’s identification information so you can notify the institution. It will also notify us of your generosity, so we can thank you.
- After your lifetime, your account or insurance policy will be paid or transferred to the Parkinson’s Foundation, consistent with the beneficiary designation.
Types of Gifts
A gift of retirement funds
You can simply name the Parkinson’s Foundation as a beneficiary of your retirement plan to help strengthen our research initiatives.
A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name the Parkinson’s Foundation (Tax ID: 13-1866796) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD) or a brokerage account. When you do, you’ll take a powerful step toward improving the quality of life for people affected by Parkinson’s.
Donor-Advised Fund (DAF) residuals
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name the Parkinson’s Foundation as a “successor” of your account or a portion of your account value, you enable life-changing research leading to better treatments and care.
If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since the Parkinson’s Foundation is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward supporting the Parkinson’s community.