Planned Giving at PRI
While the Pacific Research Institute welcomes direct contributions, there are easy ways, often with significant tax benefits, to support PRI’s mission with non-cash assets. Here are some ways of supporting our work that you may want to consider:
Giving Appreciated Stock
A contribution of appreciated stock helps PRI continue to advance the principles we share through sound policy research, while eliminating capital gains taxes for you as a donor.
Please contact the Vice President of Development, Sally Stegeman at 415-955-6111.
Making a Gift from Your IRA
Making a gift to PRI from your individual retirement account (IRA) is especially convenient for our friends who are age 70½ or older and required to take minimum distributions.
On December 18, 2015, Congress passed legislation retroactively extending the charitable IRA rollover for 2015 and making this provision permanent for future years. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to PRI free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.
In order to maximize the tax benefits, funds must be transferred directly from your IRA to PRI by your investment manager or account custodian. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.*
Including PRI in Your Will or Trust
A legacy gift to PRI in your will or trust documents will ensure that PRI is able to continue providing the intellectual backbone for market-based reforms long into the future. Whether your bequest is a specific amount or a percentage of your estate, PRI will use your gift to continue advancing our shared values of opportunity and personal responsibility.
This sample will language can be a starting point for adding a bequest for PRI to your will or trust documents:
“I give, devise, and bequeath to the Pacific Research Institute, Inc., a qualified section 501(c)(3) charitable organization, located in San Francisco, CA, _____ percent of my residual estate [or a specific bequest of $________, or other specific personal or real property] to be used for its general charitable purposes.”
Since all forms of estate gifts raise tax and other issues, you should consult with an attorney concerning the preparation of your will or living trust.
Listing PRI as a Beneficiary of Retirement Accounts and Insurance Policies
Listing PRI as a beneficiary of retirement accounts and insurance policies make supporting PRI over the long term and beyond your lifetime easy, and allow your heirs to avoid paying taxes on these assets. This is as simple as completing a beneficiary designation form with your account custodian listing Pacific Research Institute for Public Policy (tax ID number 94-2528433) as the beneficiary for all or part of your account.
Using retirement accounts and insurance policies as gifts to PRI allow heirs to avoid paying taxes on these assets, and in the case of retirement accounts, avoid the double taxation of income taxes for non-spousal beneficiaries on top of estate taxes owed.
Legacy Giving Benefits
If you let PRI know about your intended planned gift, you will be invited to enjoy special events and recognition as a member of PRI’s Sir Antony Fisher Freedom Society. For more information about membership, click here.
If you would like additional information or have any questions as you consider these alternative giving options, please contact Sally Stegeman, VP of Development at 415-955-6111 or firstname.lastname@example.org. Sally can help facilitate your gift and provide more information on how to leave a legacy of freedom through PRI.
Pacific Research Institute’s Tax ID Number: 94-2528433
*Please consult your tax or financial advisor if you are considering a charitable IRA rollover to PRI.