If you are considering a bequest to ReVive Center for Housing and Healing, we recommend you consult with your attorney and financial planner. The following language may be helpful for including ReVive Center in your trust or will.
- Option A: I give the sum of $_____ to ReVive Center for Housing and Healing, an Illinois not-for-profit corporation located at 1668 W. Ogden Ave., Chicago, IL 60612, or its lawful successor if such lawful successor is in existence at my death.
- Option B: I give _____ percent of the reside of my estate to ReVive Center for Housing and Healing, an Illinois not-for-profit corporation located at 1668 W. Ogden Ave., Chicago, IL 60612, or its successor if such successor is in existence at my death.
ReVive Center operates Second Chance Thrift and accepts donations of gently used clothing, home goods, shoes, accessories, furniture, kitchenware, and artwork. We also seek in-kind services from working professionals who can assist both our administrative and program teams.
Matching Gifts & Workplace Giving
Many companies offer workplace giving programs and/or will match employee’s gifts to charitable organizations. Contact your HR department to see if your employer offers workplace giving and/or will match your donations to ReVive Center. Some employers offer matching programs that allow donors to double, even triple, their gift to ReVive Center.
AmazonSmile is a simple and automatic way for you to support your favorite charitable organization every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact same low prices, vast selection and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to your favorite charitable organization. Simply type in ReVive Center for Housing and Healing and select us as your charity of choice.
Gifts from Financial Accounts
Generally speaking, it’s possible to pass bank account proceeds to an individual or organization without making or changing a will. Many states allow so-called P.O.D. (pay on death) accounts that let you name a beneficiary of almost any financial account: savings, checking, CD, building and loan accounts, credit union savings, etc. You can indicate that your deposit will be “payable on death” to any charitable, educational, or religious organizations and keep the right to change or revoke the arrangement at any time.
Gifts of Retirement Death Benefits
Charitable organizations generally can be named as death beneficiaries of retirement savings plans. So friends who participate in pension plans, Individual Retirement Accounts (IRAs), 401(k) plans, Keogh plans and other qualified retirement savings plans have an opportunity to make important gifts through a simple beneficiary designation. Naming ReVive Center as death beneficiary also may be good tax planning. Income taxes – and possibly “death taxes” – that may come due at death are wholly avoided. You can name us a beneficiary by requesting a form from the custodian.
Life Insurance Beneficiary
Life insurance, in addition to providing family protection and peace of mind, offers a multitude of other benefits, including significant help for our programs. You can keep lifetime ownership rights in a policy but name us the death beneficiary. Your estate will be entitled to a charitable deduction for the proceeds passing to us. If you prefer, you can name us as contingent beneficiary of a life insurance policy. We would receive the proceeds only if your primary beneficiary died before you. Or you can make us the co-beneficiary and share insurance proceeds with another.
Donors sometimes like to place money with a charitable organization on a revocable basis. The charity can use the interest the funds produce but the gift become permanent only after the donor dies. During life, the donor can always reclaim funds if the need arises. As a technical matter, this arrangement amounts to an interest-free loan, repayable on demand. This type of revocable gift eventually provides significant assistance if the lender makes the loan self-cancelling at death. The donor’s estate would be entitled to a charitable deduction for any amount passing for our benefit.
Securities that are being held for you in a brokerage account can be transferred to ReVive Center at any time. Gifts of securities are tax-deductible to the extent allowed by law. Contact the Development Department at 312-997-2222 x241 for the necessary information to transfer a gift of securities.