A gift to the DREAM Institute in your will is the easiest and most excellent way to ensure that your legacy will be here for years to come! A bequest to the DREAM Institute in your will is easy to set up and can be changed at your discretion. Whether you decide to make this gift through a will or a charitable remainder trust, a charitable bequest to the DREAM Institute has several benefits:
You can direct your gift (bequest) to support the DREAM Institute annual scholastic awards program, set up an endowment with naming opportunities, and/or specify a particular area of interest.
Upon you notifying us of your intentions, you will qualify for membership in the DREAM Institute’s Legacy Guild.
A gift to the DREAM Institute is free of any estate taxes.
By removing assets from your estate through a charitable bequest, you may reduce or eliminate any estate tax burdens.
Some of the following are some possiblities that you and your advisors can discuss as you determine the right fit for your gift to the DREAM Institute.
Charitable Remainder Trust allows the donor to transfer property to a trust that pays the donor or another beneficiary a fixed or variable income for a fixed amount of time. When the trust expires, the remainder is used to establish a permanent fund in the donor's name with distributions directed as he or she has chosen.
Gift of an IRA allows the donor to designate the DREAM Institute as the beneficiary of an IRA is an excellent way for a donor to make a gift to charity using an asset that otherwise might be heavily taxed.
Life Insurance allows the donor to name the DREAM Institute as the owner of the beneficiary of a new or existing life insurance policy. The donor receives a current income tax charitable deduction.
Residual Bequests allow you to designate the remaining residual of your estate as a gift to the DREAM Institute, after the payment of all expenses and specific bequests to other beneficiaries have been made.
Specific Bequests allows you to designate a specific dollar amount, a percentage of your total estate, or specified property or other assets as a gift to the DREAM Institute.
Contingent Bequests allow you to make a testamentary gift to the DREAM Institute only under certain circumstances. This is an excellent way to ensure that your assets pass to the causes important to you in the event of unforeseen circumstances, such as the prior death of one or more named beneficiaries.
For example, you can name the DREAM Institute as a beneficiary only if no other close family members survive you. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive them, it goes to the DREAM Institute.
Visit about the important details of your estate plans with your family, lawyer, and/or other advisors pertaining to your Bequest (Will). When you are ready, our planned giving advisors are more than happy to help you and your advisors finalize the bequest. All meetings and correspondence are confidential.
Please let us know if you are planning to or already have included the DREAM Institute in your will. Although you may wish to stay anonymous, we ask that you contact us if you have specific request on how you wish us to set up your bequest. You can call the Institute at 918-588-3600 or email at dream@dreaminstitute.org
