Planned Giving

Since 1870, Erie Neighborhood House has been a classroom, a second home, and a community center for thousands of low-income, primarily immigrant, families and individuals in Chicago. It is important that we continue to provide our award-winning educational programming and wraparound services for generations to come.

We offer you the opportunity to leave a lasting legacy at Erie House while securing your own financial future through planned giving. Making a planned gift does not require ample wealth; in fact, you may be surprised to learn just how big of an impact you can make. Your gift will provide long-term support to help us sustain our life-changing services.

Benefits of making a planned gift

Not only will your planned gift help sustain an effective community organization, it may offer substantial benefits to you and your family as well.

Planned giving can:

  • provide tax advantages
  • provide an income for yourself and/or a loved one
  • allow you to determine how your funds are used during your lifetime
  • create a lasting legacy that symbolizes a lifetime of support

Ways to Give

There are many ways to make a planned gift; here are some of the most popular options:

Include a bequest in your will or living trust
A bequest allows you to allocate an exact amount or percentage of funds or assets to Erie Neighborhood House. Bequests made through a provision in your will or revocable trust is easy to arrange, will not affect your current lifestyle and can be easily modified to address your ever changing needs.

Set up a Donor-Advised Fund
A donor-advised fund (or DAF) is a charitable investment account that provides a simple, flexible and tax-efficient way to manage charitable giving. When you set up a DAF, you contribute a set of funds to it and receive an immediate tax break. You can determine when grants from your fund will be made to Erie House and other charitable causes of your choice.

Make a gift directly through your IRA
Seeing as how your retirement plan benefits make up a substantial portion of your net worth, they make a viable option to fund a charitable gift. With the IRA Charitable Rollover, donors age 70 ½ or older can transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income.

Designate Erie House as a beneficiary to your trust, retirement plan or life insurance policy
Naming Erie Neighborhood House as a beneficiary of a trust, retirement plan (i.e. IRA, 401(k), Keogh, etc.) or insurance policy can be arranged easily and can provide current and future tax benefits.

Make An Impact

Want to know more? Or have you already included Erie House in your plans? Please let us know so we can follow up with you accordingly.

We are happy to answer any questions you might have but encourage you to consult with your financial adviser or estate planner before making any formal arrangements. If you have any questions about including Erie House in your plans for the future, you can also contact our senior director of development, Paula King, at pking@eriehouse.org or (312) 432-2236.

 
Share this Page