Sustaining the Conservatory for the Next Generations
A planned gift to the Friends of the Oak Park Conservatory in your will, trust, retirement plan, or IRA helps ensure The Friends’ continued support of the Oak Park Conservatory, including education programs for all ages and backgrounds and rewarding volunteer opportunities for future generations.
You are invited to join fellow donors in the Legacy Society and make the generous decision to include The Friends in your estate plans.
When you partner with the Friends of the Oak Park Conservatory, you demonstrate a shared commitment to the Conservatory and its community.
Contact your estate planning attorney, financial advisor, and/or accountant to let them know you are considering a planned gift to the Friends of the Oak Park Conservatory, a 501(c)(3) organization. They can assist you in determining what type of gift best suits your personal and financial circumstances.
One of the easiest ways to make a planned gift is to include The Friends in your will or trust. You can arrange for the organization to receive a specific dollar amount or a percentage of the remainder of your estate (a residuary bequest). View the recommended language below to share with your financial planner or attorney.
Retirees ages 72 or older can give up to $100,000 to a charitable organization from an IRA and have it count as a required minimum distribution for the year. By directly transferring assets from your IRA to charity, you avoid paying income taxes. (A tax-free transfer will not count if you withdraw the money from the IRA first and then make the contribution to the charity.)
You may also want to consider naming or designating the Friends of the Oak Park Conservatory as a beneficiary of your retirement plan; as a tax-exempt organization, The Friends will generally receive the full amount of the plan’s value.
To name The Friends as a beneficiary of your retirement plan, contact your plan administrator to obtain a beneficiary form.
If you name The Friends as a charitable beneficiary of all or a percentage of a fully paid life insurance policy you may no longer need, you may receive a charitable estate tax deduction for the portion you designate.
Make a bigger impact by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to The Friends. When you donate stock to a public charity, you will generally take a tax deduction for the full fair market value. Talk with your broker about how to transfer appreciated securities.
As with a retirement plan, you can name The Friends as a charitable beneficiary of your donor-advised fund (DAF). Simply complete a beneficiary designation form from your DAF advisor.
To leave a gift to the Friends of the Oak Park Conservatory in your will or trust, simply share the language below with your financial planner or attorney. If you anticipate your bequest will be $50,000 or larger, you may wish to establish a charitable fund.
Friends of the Oak Park Conservatory EIN: 36-3456058
To Make a Bequest
“I give the sum of _____ dollars, or _____% of the residuary of my estate, to the Friends of the Oak Park Conservatory, PO Box 1096, Oak Park, IL 60304 in support of the organization’s general purposes in accordance with FOPCON Board policy for the Legacy Society.”
The material presented on this site is not offered as legal or tax advice. For assistance with your particular situation, please consult your attorney, tax advisor, financial advisor, or other professional.
Members of the Legacy Society will receive the following benefits and recognition:
- Invitation to exclusive Legacy Society events
- Opportunity to schedule a private Conservatory tour
- Recognition in the annual report (unless anonymity is requested)
- Invitation to The Friends’ Annual Meeting
If you have questions regarding recommended language for unrestricted gifts or endowments, please do not hesitate to contact us. For more information about the gift opportunities and their benefits, contact:
Judy Klem, Executive Director
Friends of the Oak Park Conservatory
615 Garfield, Oak Park, IL 60304