Iris Circle: Planned Giving

Once you have determined that you would like to make a bequest to NAMI, the following sample charitable bequest language may be used in your will or revocable living trust:

An Unrestricted Bequest:

“I give, bequeath and devise (the sum of $____), (describe real or personal property) or (____% of the residue of my estate) to be used for general purposes to the National Alliance on Mental Illness (NAMI), a qualified 501(c)(3) charitable organization, EIN: 43-1201653 and located at 4301 Wilson Blvd., Suite 300, Arlington, Virginia, 22203, or its successor organization.”

A Restricted Bequest (to support a particular program or area of interest to you. Please inform NAMI if you would like to restrict your bequest to ensure that we are able to honor your wishes.):

“I give, devise and bequeath to NAMI (federal tax ID number 43-1201653), located at 4301 Wilson Blvd., Suite 300 Arlington, VA 22203, the sum of $_____ or ____% or real or personal property herein described, to be used for the purpose of _____________.”

A Residuary Bequest (which leaves any remaining assets from your estate after all other obligations have been met):

“I give, devise and bequeath to NAMI (federal tax ID number 43-1201653), located at 4301 Wilson Blvd., Suite 300 Arlington, VA 22203, all the rest, residue and remainder of my estate, both real and personal, of every kind of description, wherever situated and whether now owned or hereafter acquired, including any property with respect to which I may have power of appointment.”

A Charitable Remainder Trust is a separately managed and highly personalized life income gift. This vehicle provides for payment to NAMI either for life or a specified term, which cannot exceed 20 years. At death, or the end of the term, the remaining trust assets (the remainder interest) will be distributed to NAMI. In creating your trust, you are able to appoint the trustee, designate the beneficiary and select the term of the trust.

Charitable Lead Trusts are essentially the reverse of the life income gifts described above. The income from the trust is first paid to NAMI; the charity’s interest leads the way. With this trust, you transfer assets to a trustee who makes payments to NAMI for a specified number of years, after which time the assets are transferred to your heirs. The Charitable Lead Trust allows you to pass assets on to your children and grandchildren either completely free or substantially free of all estate and gift taxes. It can make good sense for anyone in the top estate and gift tax brackets.

A charitable gift annuity is a gift that gives back. An annuity allows you to make a generous gift to NAMI and in return you and/or another beneficiary will receive a fixed stream of income from NAMI for the rest of your life. You may also be eligible to claim a partial charitable tax deduction when you set up your charitable gift annuity.

How it Works:

• You donate $5,000 or more in cash, securities or other property.
• You and/or your beneficiary receive fixed annual payments for life at a very attractive rate based on the age(s) of the beneficiaries.
• You can begin receiving payments immediately (if you are 60 or older) or defer payments for a year or more.
• You may be eligible for an immediate tax deduction. If you donated appreciated property, you may save on capital gains taxes as well.
• This ensures a generous gift to NAMI and steady, lifetime income for you.

How to Get Started:

NAMI partners with Charitable Gift America to facilitate the process of creating an annuity. For free, no obligation information, please reach out to Charitable Gift America directly at [email protected] or 904-395-3997. You can also visit their website for more information.