Thank you for your interest in exploring gift planning opportunities at the Freedom Foundation. By making an estate or planned gift, you help to ensure that the Freedom Foundation remains a permanent voice in Washington state for individual liberty, free enterprise, and limited, accountable government. You also join with more than 100 members of the Freedom Foundation's Legacy Society.
If you have any questions or would like additional information about any of the options below, please contact our office at 800.769.6617.
Freedom Foundation’s Legacy Society
Liberty requires vigilance … and each generation must defend it for the next.
You can become a member of the Legacy Society by making the Freedom Foundation a charitable beneficiary of your will, living trust, retirement plan, or life insurance policy. You can also make a gift to the Freedom Foundation and receive income for life via a life income-paying gift, such as a charitable gift annuity, charitable trust, or pooled income gift. Your gift will help defend liberty for future generations.
Will or Living Trust Gift
You can donate through your will or living trust. This allows you to continue supporting the Freedom Foundation when you are gone. A bequest of your assets to the Freedom Foundation also brings a tax benefit to your family. Your estate is entitled to an “estate tax charitable deduction” for the full value of your bequest.
It’s simple, and it may not require a revision of your whole will (though it’s always good to have an attorney review it from time to time) but, rather, a simple codicil may be added. The wording can be as simple as:
I direct my personal representative to make the following charitable contribution from my property. Such contribution may be made either in cash or marketable securities at the election of my personal representative:
The sum of __________________ to the Freedom Foundation of Olympia, Washington (IRS Tax ID 94-3136961), provided that this charity is still in existence at my death, qualifies for a charitable tax deduction, and is following its original mission as a free market public policy research organization, to advance individual liberty, free enterprise, and limited, accountable government. If there is any dispute as to whether this foundation is continuing to follow its original mission, that determination shall be made by my personal representative at his or her sole discretion.
Stock or Property Gift
You can donate stock or property to the Freedom Foundation. If you donate stock or property instead of selling it, you can write off the entire value and avoid capital gains taxes. You can realize significant savings through this type of giving.
Life Insurance or Retirement Plan Gift
You can designate the Freedom Foundation as a charitable beneficiary of your life insurance policy or qualified retirement plan such as an IRA.
Charitable Gift Annuity
This is simple contract between you and Freedom Foundation. In exchange for your irrevocable gift of cash or securities, the Freedom Foundation agrees to pay one or two annuitants named by you a fixed sum each year for life.
Charitable Remainder Trust
This is a gift plan defined by federal tax law that allows you to provide income to yourself or others while making a generous gift to the Freedom Foundation. You irrevocably transfer assets, usually cash or securities, to a trustee of your choice. The Trust may become effective through outright transfers during your lifetime or through transfers at death under your will.
Your Accountant and Attorney
In all cases, we encourage members to consult with their own accountants or attorneys. We can assist in discussing the benefits of such gifts with families to help them understand how little it can cost (a parent) to ‘do well by doing good’ for the Freedom Foundation.
Freedom Foundation’s Governing Principles
The staff and board of the Freedom Foundation seek to restore government to its important, but limited role. This means we must help lawmakers and the citizens they represent understand the pitfalls of unhealthy dependence on government, in contrast to the fruitfulness of personal liberty and opportunity.
Liberty requires some risk—a concept that must be communicated anew to each generation of Americans. Benjamin Franklin said, “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”
All programs and activities are funded by private donations and grants. Our support comes from thousands of concerned individuals and numerous private foundations.
For more information, please contact us at:
Irene Endicott, Legacy Society Director
PO Box 552
Olympia, WA 98507