Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to ensure every child has the chance for a brighter future, tomorrow and for generations to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Boys & Girls Clubs of Chicago (BGCC). Once you have provided for your loved ones, we hope you will consider making our mission part of your life story through a legacy gift.
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A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
LASTING IMPACT
Your gift will create your legacy of empowering youth to reach their full potential.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
NO COST
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
General gift
A general bequest is a gift of a specific amount.
Residuary gift
Specific gift
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to BGCC contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds and more to use in making a difference in the lives of countless deserving children — and it costs you nothing now.
By naming BGCC as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of empowering youth to reach their full potential as productive, caring, responsible citizens for years to come.
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Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with BGCC
Types of Gifts
Retirement plan assets
You can simply name BGCC as a beneficiary of your retirement plan to make a positive impact, now more than ever.
Life insurance policies
You can name BGCC as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, BGCC will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Boys & Girls Clubs of Chicago Club (Tax ID: 36-2166997) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD) or a brokerage account. When you do, you’ll take a powerful step toward ensuring every child has the chance for a brighter future, tomorrow and for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name BGCC as a “successor” of your account or a portion of your account value, you provide resources and opportunities to some of Chicago’s children and teens long into the future.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Boys & Girls Clubs of Chicago Club
Include our tax identification number: 36-2166997
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!
Holly Allen
Chief Advancement Officer
