Create a Legacy through the Electronic Frontier Foundation's Long-Term Investment Fund for Digital Civil Liberties
There are many ways you can make a significant gift to EFF that will provide you with tax savings and other benefits. Depending upon your unique financial planning objectives, you can be a major supporter of EFF using any or all of the giving methods described below. It is important, regardless of the size of your estate, to have a properly executed plan to ensure that you, not the courts, determine who will receive your property upon your death. When you create a will or living trust with a qualified advisor, attorney, accountant and/or financial planner, you ensure that your intentions are carried out. You are also ensuring that the needs of the people and organizations you care about will be met. The Development Office is prepared to work closely with you and your financial advisors to explain the benefits of each gift category. We encourage you to consult with your tax advisor for specific information about your own estate and financial planning goals.
The amount of a bequest gift is fully deductible for estate tax purposes. Gifts of securities, real property, and business interests may be made as bequests. Some sample language you can use to include EFF in your estate plan: "I bequeath to the Electronic Frontier Foundation, 815 Eddy Street, San Francisco, California 94109, the sum of ______________ ($) dollars for its general purposes."
Gifts of Life Insurance
By naming EFF the owner and beneficiary of an existing policy, you receive a tax deduction for the cash surrender value. You may also decide to make EFF the beneficiary of a life insurance policy. If you make gifts to EFF in the amount of the policy's premiums, you can take a charitable income tax deduction (provided EFF is not obligated to use the payments to cover the policy's premium).
Outright Gifts of Real Estate
A residence or other real estate may be given as an outright gift. You will receive a tax deduction for the full value, avoiding all capital gains.
Gifts of Personal Property
Antiques and other valuables can be donated to the EFF. The appraised value is deductible for income tax purposes if the item use is "related" to EFF's mission.
You can name EFF as a beneficiary of an Individual Retirement Account (IRA), 401 (k) Plan, 403 (b) Plan, Qualified Pension Plan, or Qualified Profit-Sharing Plan. Transferring these assets to a family member at the death of the plan participant may trigger two potential federal taxes: estate tax and income tax. When a beneficiary is someone other than a spouse, the combination of these taxes could consume most of the assets intended for transfer. Since EFF is a tax-exempt organization, we do not have to pay taxes on the income from the plan. Your plan administrator can provide you with a beneficiary form.
By including EFF as a beneficiary of a bank account, brokerage account, mutual fund account, or an asset such as a certificate of deposit (CD), you can provide a legacy gift to support our work. Your estate would receive a charitable deduction equal to the amount of the gift. Simply fill out a beneficiary designation form obtained from the institution holding your account.
Specific language for a bequest
Organization name: Electronic Frontier Foundation
Address: 815 Eddy Street, San Francisco, CA 94109
Tax identification number: 04-3091431
Organization type: Nonprofit organization with 501 (c) (3) status
Legal Language: Electronic Frontier Foundation, Inc., a nonprofit corporation, organized and existing under the laws of The Commonwealth of Massachusetts, and with the principal business address of 815 Eddy Street, San Francisco, CA 94109.
For more information: Please contact Richard Esguerra by phone at 415-436-9333 ext. 145 or
by email at firstname.lastname@example.org.