Planned Giving

Because we can’t give up on the 1 in 4 people diagnosed with a mental illness.  With federal and state research budgets drying up, the Brain & Behavior Research Foundation plays a critical role in the research field. Our role is to provide much needed seed grants, or proof of concept support for fresh, innovative ideas – that, in turn, open the doors to even greater funding so the ideas can become breakthroughs in understanding and treatment of mental illness. Your bequest will support the next generation of research leaders who will be discovering and developing improved treatments, therapies and even preventative measures and cures for these debilitating illnesses.

 

You can direct your attorney to name Brain & Behavior Research Foundation as the beneficiary of a percentage of your estate, of a set dollar amount, or of a particular asset (your home, jewelry artwork, etc.) Your estate is entitled to an estate tax deduction for the full value of your bequest.

 

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.

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.

• Individual policies. You may irrevocably name Brain & Behavior Research Foundation as owner and beneficiary of a long-standing life insurance policy; or you may retain ownership and merely name the Brain & Behavior Research Foundation as the beneficiary. If you choose to name the Brain & Behavior Research Foundation as both owner and beneficiary – irrevocably -- you will receive an immediate income tax deduction for the lesser of your cost basis or the current value of the policy.
• Group term policies. If you are employed, you may be receiving group term life insurance as an employee benefit. If so, the Brain & Behavior Research Foundation can be named as a beneficiary of the entire policy or a percentage thereof.

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.