Bequests

With the help of an advisor, you can include language in your will or trust specifying a gift to be made to JoyRx | Children’s Cancer Association as part of your estate plan.

• A significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. A bequest is generally a revocable gift, which means it can be changed or modified at any time.

• You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes.

• If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your beneficiaries. Please consult with your financial advisor about your financial situation and potential tax benefits.

There are several ways you can make a bequest to JoyRx. For sample language and more information, please contact us.

Life Insurance

If your life insurance policy is no longer needed, or will no longer benefit your chosen beneficiary, consider making a gift and help further JoyRx’s mission. For example, you may have purchased a policy to provide for your children and they are now financially independent adults.

You can give a paid-up policy to JoyRx, or even a policy on which you are still paying premiums. There are two simple ways to set up a gift of life insurance.

• You can irrevocably designate JoyRx as the owner and beneficiary of your life insurance policy, and you may be entitled to a generous charitable income tax deduction.

• You can name JoyRx as an irrevocable beneficiary of your life insurance policy, but retain ownership of the policy itself. You can call or write to your insurance company to request a form to make this change of beneficiary.

Contact us to schedule a conversation about giving a life insurance policy with our planned giving expert.

Charitable Remainder Trusts (CRT)

Charitable remainder trusts allow you to irrevocably transfer assets, and you and/or your beneficiaries receive payments from the trust for life, or another time period of your choice. The remainder of the trust then goes to JoyRx, the mission delivery of Children’s Cancer Association.

• A Charitable Remainder Annuity Trust (CRAT) pays a fixed dollar amount to income beneficiaries for life or a term of years, regardless of market conditions. The CRAT cannot accept additional gifts after it has been established.

• A Charitable Remainder Unitrust (CRUT) pays the income beneficiaries a fixed percentage rate for life or a term of years. The annual income amount is based on the current value of the trust’s assets, so the payout will increase or decrease based on changes in the trust’s value.

Contact us to schedule a conversation about setting up a charitable remainder trust with our planned giving expert.