Advancing skill and scholarship since 1969 |
Ways To Give Later - Leaving a lEgacy
When you give, you are contributing to the creation and advancement of educational opportunities and to the expansion of the awareness and understanding of psychoanalytic concepts.
You don’t have to be rich and famous to make a contribution that can make a difference. Providing first for the well-being of one’s family and loved ones, you can also bequeath an amount or percentage of your assets to The Denver Institute for Psychoanalysis to help our programs live on. Your gift will:
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Planned giving is the thoughtful process of arranging a gift, focusing your philanthropic goals, and maximizing your tax savings and estate benefits. It is a gift that may be arranged in the present and received in the future to support our mission. It is a simple and affordable way to leave your lasting legacy to the Denver Institute for Psychoanalysis. |
Wills & TrustsPlanning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified. To the right is suggested language to take to your attorney for use in drafting your bequest. | Residual Gift LanguageA residual bequest comes to us after your estate expenses and specific bequests are paid. "I give and devise to The Denver Institute for Psychoanalysis, located in Aurora, Colorado, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support" (or for the support of a specific fund or program). | Specific Gift LanguageA specific gift bequest states an amount or percentage of your gift. "I give and devise to The Denver Institute for Psychoanalysis, a non-profit, charitable organization organized under Colorado law, located at 1890 N. Revere Court, Room 4118, Aurora, CO 80045, tax ID 23-7065236, the sum of $___ (or asset) to be used for its general support" (or for the support of a specific fund or program). | Contingent Gift LanguageThe Denver Institute for Psychoanalysis can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled. "If (insert name) is not living at the time of my demise, I give and devise to The Denver Institute for Psychoanalysis of Aurora, Colorado, the sum of $___ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program). |
Beneficiary DesignationsA simple way to make a legacy gift is to name a charitable organization a beneficiary of a retirement plan, life insurance, brokerage account or any account requiring a beneficiary. A beneficiary designation is advantageous to you because the IRS will want to collect the tax due on all pre-tax accounts, up to 70% of a plan’s value lost to taxes . If you left this money to an heir, they will be responsible for paying the tax, whereas a nonprofit is tax exempt. It is better for you to leave the cash and securities to your heir, or at least reduce the amount of tax your heir would owe by making your nonprofit donations from your pre-tax accounts. | Retirement PlansYour IRA, 401k, 403b, SEP IRA, KEOGH or other retirement plan is a practical way to leave a legacy. You can name the Denver Institute for Psychoanalysis a full or partial beneficiary on a “change of beneficiary form.” This allows you to plan for what you feel you can afford now, and make adjustments in the future. | Life InsuranceYou can leave a legacy by donating a paid-up insurance policy you may have outgrown, or by naming the Denver Institute for Psychoanalysis as a beneficiary. Life insurance paid to a charity is not subject to Federal estate tax and you may receive a tax deduction for premium payments. |
Frequently Asked Questions
Should my gift be an unrestricted or restricted gift?
UNRESTRICTED FUNDS
Our programs are funded by tuition, faculty dues and the generous contributions from our faculty and donors in the community. The organization may use the donation where it is needed most.
RESTRICTED FUNDS
A restricted donation should have some ‘wiggle room’ when specifying how the money should be used because organizations need to keep up with the changing of time. The Institute currently has seventeen restricted funds in our portfolio that you may contribute to.
Will you receive 100% of my donation?
By designating a nonprofit organization for part or all of your taxable retirement account, the non-profit will receive 100% of the funds designated for it, thus the IRS is matching your gift with what your beneficiaries would have paid in income taxes
- Money goes directly to beneficiary named on account, bypassing lengthily and costly probate process
- Beneficiaries do not have access to the funds until you pass away
- Be sure to update your beneficiary forms after life events such as marriage, having children, death of a loved one or divorce.
- You should name secondary beneficiaries to all your accounts.
- Beneficiaries can be updated as often as you'd like and generally have a processing time of a few days
Can I be recognized now if I have plans to leave the Denver Institute for Psychoanalysis in my will or as a Beneficiary to an account?
If your will or beneficiary account includes the Institute you can let us know and we will include you in the Gaskill Society. The Gaskill Society recognizes those that have made this philanthropic decision. All information regarding planned gifts is held in the strictest of confidence and you can choose to have your gift remain anonymous, be public, or a mix. Contact the Executive Director for more information. Enrollment Form.