As you and those closest to you consider what your long-term impact on the Midwest will be, consider including Delta Institute in your estate planning.
A gift through your estate, commonly referred to as a bequest, can be a simple and straightforward process.
As you consider long-term planning—and evaluate your philanthropic legacy—please consider including Delta Institute in your estate planning. You can change your bequest beneficiaries at any time if your needs or circumstances change. Below are common types of bequests along with sample language to consider, or to share with a trusted advisor:
Fixed-Dollar Bequest
These bequests leave Delta a set donation dollar amount:
I bequeath to Delta Institute, a 501c3 nonprofit (Tax ID: 36-4210191) located at 35 E. Wacker Drive, Suite 1760, Chicago, IL 60601, the sum of $___________ and/or (specifically described property).
Percentage-based Bequest
These bequests are a percentage of your estate, which allows for the bequest to grow as your assets do:
I bequeath to Delta Institute, a 501c3 nonprofit (Tax ID: 36-4210191) located at 35 E. Wacker Drive, Suite 1760, Chicago, IL 60601, an amount equal to ____% of the net value of my estate as finally determined by federal estate tax purposes.
Residual Bequest
These bequests first distribute your estate to loved ones, then provide the remaining funds to Delta (as either a set amount, or a percentage of the remainder):
I devise the residue of my estate, after the completion of all specified bequests and the payment of all taxes and other costs attending my death, to Delta Institute, a 501c3 nonprofit (Tax ID: 36-4210191) located at 35 E. Wacker Drive, Suite 1760, Chicago, IL 60601.
Contingent Bequest
This type of bequest anticipates that you wish to leave your entire estate to loved ones; in the event that you outlive any of your beneficiaries this bequest designates Delta to receive that portion of your estate:
Should (full legal name of the beneficiary) not survive me, I designate Delta Institute, a 501c3 nonprofit (Tax ID: 36-4210191) located at 35 E. Wacker Drive, Suite 1760, Chicago, IL 60601 as the recipient of their portion of my estate.
Designating Delta Institute as a Beneficiary to an Investment Account or Insurance Policy
In addition to bequests, another popular way to leave your legacy is by designating Delta Institute as a beneficiary on specific accounts:
- Banking and Investment Accounts: Most banking accounts, ranging from everyday savings to long-term investment accounts, have Payable On Death (POD) beneficiaries. These can be set up for either a fixed dollar or percentage amount. Setting this up is likely as simple as contacting your bank or investment manager to share with them that you would like to list Delta Institute as a “POD beneficiary.”
- Life Insurance: You may list Delta Institute as a beneficiary for either a fixed-dollar or percentage amount of your life insurance policy.
You may share the below information with your banking/investment manager, or your insurance broker.:
Delta Institute
35 E. Wacker Drive, Suite 1760
Chicago, IL 60601
Phone: 312-554-0900
Did you know that Delta can accept gifts of land? As a regenerative/sustainable agriculture-focused nonprofit, a gift of farm land would help us test innovation and contribute sizably to our projects.
Please contact us to talk through how to preserve your legacy, land, and impact on the agricultural sector.
If you have any questions regarding the impact a planned gift could make for Delta Institute, please contact Sidney Freitag-Fey at sfreitagfey@delta-institute.org.
Not quite ready yet to think about a bequest? Absolutely understand! Consider instead if a Qualified Charitable Distribution (QCD) or Charitable IRA Rollover makes more sense at this time for you and your loved ones.
Thank you again for kindly considering Delta Institute in your plans, for both today and tomorrow.
Disclaimer: The planned giving information on this page is intended to assist you in your long-term charitable planning. It is not legal advice and should not be relied upon as such. Please consult with your attorney, accountant, estate planner, or other trusted advisor for professional advice and to discuss how this information can assist as you consider your long-term financial and philanthropic goals.