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Planned Giving

Consider making a lasting financial commitment to ICP. Individuals who inform us of their gift intentions will be invited to join ICP's Legacy Society, and will receive invitations to exclusive special events.

Gifts to ICP ensure its ability to maintain its tradition of excellence. There are many ways to make a legacy gift to ICP. The following guidelines are intended to aid donors interested in supporting ICP through planned gifts such as cash, securities, gifts of personal property, real estate, and charitable lead trusts.

Gifts of Cash

The simplest way of contributing is through an outright gift of cash.

Bequests

Donors are encouraged to include ICP in their wills. Donors will receive recognition for the full value of their documented bequest intention if they have passed their 80th birthday.

If you are interested in leaving a legacy gift to ICP, please print, fill out, and mail our Printable Bequest Form.

Gifts of Appreciated Securities

Giving long-term appreciated securities to ICP provides two income tax benefits: no tax is imposed on the appreciated portion of the gift (capital gains), and the donor will receive a charitable deduction based on the stock's fair market value. Because the donor can avoid the capital gains tax, it is usually more advantageous to contribute appreciated securities directly to ICP rather than selling securities and donating the proceeds of the sale.

Gifts of Closely Held Stock

Stock in a closely held business can also be given to ICP. Stocks that are not publicly traded require special planning and a qualified appraisal.

Charitable Lead Trusts

A donor can make a gift to ICP by placing assets in a trust which designates that an amount of trust income be paid to ICP for a term of five years. Once the trust terminates, the principle can revert to the donor or his or her beneficiaries, typically children or grandchildren. The charitable lead trust offers gift and estate tax savings.

Gifts of Real Estate

A gift of real estate may consist of a full or partial interest in almost any type of property: a residence, vacation home, farm, commercial property, or undeveloped land. As with securities, a gift of unmortgaged real estate can generate an income tax deduction and prevent the donor from assuming a capital gains tax liability.

Gifts of Tangible Personal Property

Gifts of saleable tangible personal property such as art, antiques, or jewelry may offer an immediate tax deduction and estate tax benefits.

Gifts of Life Insurance

An insurance policy may be an attractive asset for a donor. Contributing an insurance policy to ICP can enable a donor to make a large gift and obtain a charitable tax deduction for the cash surrender value of the policy and the premiums donated.

Life Income Benefits

A donor can make a gift of capital to ICP and continue to receive the income from the gift, as well as a charitable tax deduction. Donors may make a life income gift through the creation of a charitable remainder annuity trust or unitrust.

© Sophia Wallace
© Sophia Wallace

Contact

Director of Institutional Giving and Strategic Partnerships
Veronica Bainbridge
vbainbridge@icp.org
212.857.9705