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The Brain & Behavior Research Foundation Legacy Society
There are many ways to support the Brain & Behavior Research Foundation during your lifetime and one particularly meaningful way is through your estate planning. Here are just a few ways to consider leaving a legacy to the Brain & Behavior Research Foundation that will fund better treatments, therapies and cures for the 1 in 4 people diagnosed with a mental illness.
Many people affected by mental illness—those diagnosed, their friends, partners and families—have a significant history of remembering the Brain & Behavior Research Foundation in their estate plans. These gifts have been responsible for funding cutting edge research ranging from the work of Dr. Herbert Meltzer and the use of the antipsychotic drug, Clozapine, on treatment-resistant schizophrenia patients to the pioneering work of Dr. Helen Mayberg using Deep Brain Stimulation for treatment-resistant depression.
Another possibility is to name the Brain & Behavior Research Foundation as a contingent beneficiary of assets you have designated for a loved one, should that person no longer be alive at the time of your death.
Your attorney is in the best position to tell you which approach is best.
I give and bequeath, absolutely and forever, the sum of $________ (or, __% of the rest, residue and remainder of my estate) untoBrain & Behavior Research Foundation, 60 Cutter Mill Road, Great Neck, New York 11021, for its general purposes.
And when you make a bequest or other planned gift to the Brain & Behavior Research Foundation you join a rich history of other supporters who care about the future of mental illness research.
Your gift commitment enrolls you in the Brain & Behavior Research Foundation Legacy Society. Created in 2011, the Brain & Behavior Research FoundationLegacy Societywas established to recognize and thank our donors, family, and friends who have made a bequest or planned gift to the Brain & Behavior Research Foundation.By becoming a Brain & Behavior Research FoundationLegacy SocietyMember/Partner, you join the company of many who have helped to inspire both the next generation of scientists while accelerating the pace of research allowing for future discoveries and breakthroughs.
Many estate assets are not transferred through a will. These include assets in living trusts, qualified retirement plans, and the proceeds from life insurance policies. You may name the Brain & Behavior Research Foundation as a beneficiary of any of these assets or as a contingent beneficiary in the event that the loved one you named as primary beneficiary is no longer living at the time of your death.
Naming the Brain & Behavior Research Foundation as a beneficiary of assets remaining in your qualified retirement plans after your lifetime is considered particularly wise tax planning. This is because retirement plans left to individuals, other than a spouse, are taxed more heavily than most other assets. However, estate taxes and income taxes are avoided if the Brain & Behavior Research Foundation is named as the beneficiary.
Designating the Brain & Behavior Research Foundation as a life insurance beneficiary is a simple and effective way to fund our work while simultaneously gaining immediate tax benefits.
A Charitable Gift Annuity is an investment in both you and the Brain & Behavior Research Foundation that ensures the future of everything that’s important to you and your loved ones.
Here’s how it works:
A Charitable Gift Annuity is a simple contract between you and the Brain & Behavior Research Foundation established when you make an irrevocable gift of at least $10,000. In turn, the Brain & Behavior Research Foundation will make guaranteed income payments to you or a loved one for the rest of your life.
The income you receive from your Charitable Gift Annuity will depend on your age at the time you enter into the agreement and the number of designated beneficiaries to receive the payments.
Your gift is eligible for an income tax-deduction based on your age and the interest rate you receive. The higher this interest rate is, the higher your deduction will be.
We recommend that you consult an estate planning professional who can evaluate your individual circumstances and create or update a plan that is appropriate for you. The Development staff of the Brain & Behavior Research Foundationis always available to discuss your planned giving options with you or your estate planning professional.
The Brain & Behavior Research Foundation is committed to alleviating the suffering caused by mental illness by awarding grants that will lead to advances and breakthroughs in scientific research.
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