Planned Giving

Thoughtful planning can help you achieve your charitable goals and provide for a secure retirement. Coordinating retirement planning and charitable giving can be especially beneficial if you have accumulated substantial retirement assets and wish to reduce income and estate taxes. Participating in one of the planned giving options below will add you to our recognition program, the AFSH Heritage Society. Learn more below.

If you have already included the AFSH in your estate plans but have not told us please inform staff by completing the Notice of Intent form. On behalf of the Foundation thank you for your support!

*Information provided herein or by the AFSH is not intended as financial legal or tax advice. Please consult an attorney or other professional advisor before taking action.

Bequests (Gifts by Will or Living Trust)

Give to the Hand Foundation without affecting your cash flow during your lifetime.

How it works

Include a bequest to AFSH in your will or trust.
Make your bequest unrestricted or direct it to a specific purpose.
Indicate a specific amount a percentage of your estate or a portion of the balance remaining in your estate or trust.

Benefits

Your assets remain in your control during your lifetime.
You can modify your bequest to address changing circumstances.
You can direct your bequest to a particular purpose (restrictions may apply; contact us to discuss)
Under current tax law there is no upper limit on the estate tax deduction for your charitable bequests.

A bequest is right for you if:

You want to help ensure the future viability and strength of the AFSH.
Long-term planning is more important to you than an immediate income-tax deduction.
You want the flexibility of a gift commitment that does not affect your current cash flow.

Gifts of Retirement Plans

Your retirement fund can be taxed up to 70% if passed on to heirs yet it is tax-free to charity. Retirement plan assets include IRAs 401(k) and 403(b) plans Keogh plans and other qualified retirement plans. Current tax laws may result in heavy taxation of assets you withdraw from retirement plans and estate taxes may consume a substantial portion of your retirement plans after your death. A gift of these assets to the American Foundation for Surgery of the Hand may allow you to accomplish a variety of personal goals while reducing or eliminating these taxes.

How It Works

Name the AFSH as a beneficiary of your IRA 401(k) or other qualified plan.
Designate the Hand Foundation to receive all or a portion of the balance of your plan through your plan administrator.
The balance in your plan passes to the AFSH after your passing.

Benefits

Avoid the double taxation your retirement savings would incur if you designated your heir(s) as beneficiary(ies).
Continue to take regular lifetime withdrawals.
You can revoke us as a beneficiary if your family's needs change.

IRA Charitable rollover

On December 18, 2015, the President signed the PATH Act making the IRA Charitable Rollover provision permanent. This provision allows individuals 70 ½ and older to make tax-free contributions of up to $100,000 from their Traditional IRAs directly to qualified charities without recognizing the assets transferred as taxable income. The IRA Charitable Rollover is the perfect tool to use to support any number of the Hand Foundation's unrestricted or designated funds.

Eligibility:
• Are you over 70 ½?
• Do you find that you don't need all or a portion of your required minimum IRA distribution?
• Would you like to do something impactful for the community while potentially reducing your tax liability for 2016?

If you answered yes to the above questions, then now is the time to take advantage of a powerful giving tool: the IRA Charitable Rollover provision. When you reach age 70½, the IRS requires you to start making withdrawals from your Traditional IRA(s). These IRA withdrawals are also called Required Minimum Distributions (RMDs). If you fail to take your annual RMD or take out less than what is required, you will not only owe income taxes on the amount not withdrawn, you may also be charged a penalty fee.

Instructions:

Instruct the custodian of your IRA account to send the funds directly to the American Foundation for Surgery of the Hand. Donations up to $100,000 will count towards the minimum required distribution for the year.
Alert the Foundation at afsh@assh.org with the details of your distribution so we will know who to attribute the donation to, and if there is a specific AFSH fund your donation should be directed to.
Contributions can be directed to Research, Education, Outreach, or designated to a named award or fund.
Questions? Contact the AFSH at (312) 880-1900 or email afsh@assh.org.

Remittance Address:
American Foundation for Surgery of the Hand
Department 2026
P.O.. Box 87916
Carol Stream, IL 60188-9981

The AFSH tax ID number is 74-2428242.

Gifts of Life Insurance

Give a policy you no longer need to the Hand Foundation.

How It Works

You transfer ownership of a paid-up life insurance policy to the AFSH.
The Hand Foundation cashes the policy now or maintains it and receives the death benefit later.
Make your gift by naming the AFSH as the irrevocable owner and beneficiary of a paid-up insurance policy on your life (this arrangement makes the gift complete in the eyes of the IRS).

Caution: If you have borrowed against a life insurance policy a gift of the policy with the loan still outstanding will create taxable income for you in the amount of the loan balance.

Benefits

You will receive an immediate charitable deduction for your gift. It will be the lesser of the policy's fair market value or the total of your net premium payments.
You gain the satisfaction of making a significant gift to the Hand Foundation without adversely affecting your cash flow.

About the AFSH Heritage Society

Make the AFSH the beneficiary of a Life Insurance Policy or the beneficiary of a will and join the AFSH Heritage Society! To enroll, complete our online Notice of Intent form.

The Heritage Society is the Hand Foundation’s recognition program for honoring and thanking ASSH members supporters and contributors who have arranged a bequest or planned gift to the AFSH. Anyone who notifies AFSH that the Hand Foundation is named as the beneficiary of a gift through his or her estate or through a planned gift during his or her lifetime is automatically enrolled as a member of the Heritage Society.

Thank You, Heritage Society Members!

Julie E. Adams MD
James R. Boatright MD
William P. Cooney MD
Blair C. Filler MD
Thomas J. Fischer MD
Robert J. Foster MD
David P. Green MD
Warren C. Hammert MD
Richard S. Idler MD
L. Scott Levin MD FACS
Graham D. Lister MD
Edward A. Nalebuff MD
William L. Newmeyer MD
Vincent D. Pellegrini Jr. MD
Dennis B. Phelps MD
William H. Seitz Jr. MD
John H. Smith Jr. MD
Scott P. Steinmann MD
James W. Strickland MD
Julio Taleisnik MD
James R. Urbaniak MD
E. F. Shaw Wilgis MD

Questions?

Contact the AFSH at afsh@assh.org or call (312) 880-1900.

About Us

Our Work

Research

Education

Outreach

My Donations

Donate

Honor Your Mentor

Giving Circles & Recognition

Grateful Patient Program

Planned Giving

Bequests (Gifts by Will or Living Trust)

How it works

Benefits

Gifts of Retirement Plans

How It Works

Benefits

IRA Charitable rollover

Gifts of Life Insurance

How It Works

Benefits

About the AFSH Heritage Society

Thank You, Heritage Society Members!

Questions?