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Since both in importance as well as The Galen Legacy Society represents committed people who have seen the impact of the Cancer Prevention Institute on the lives of the underserved in our community. The Galen Legacy Society was established to help provide for the long-term financial stability of the Cancer Prevention Institute. We ask that you consider including the Cancer Prevention Institute in your charitable plans. By doing this now, you may find that tax advantages can increase the value of your estate, enabling you to do more than you might ever have dreamed possible.
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The Cancer Prevention Institute aims to reduce the burden of cancer in the Miami Valley through cancer prevention research, healthy lifestyle education, and cancer screening programs. Because of concerned friends who want to ensure that the Cancer Prevention Institute continues to pursue cancer prevention activities for future generations, we have established the Galen Legacy Society. Members of the Galen Legacy Society are dedicated to furthering our mission through planned, charitable gifts.
Bequest by Will
A bequest to the Cancer Prevention Institute through a Will permits your family to retain the use of your assets or property during your lifetime. Bequests may be designated for a percent of your estate, a specified amount or the remaining property after all other obligations are fulfilled.
Life Insurance
When the added protection of an insurance policy is no longer needed, transferring the policy's ownership to the Cancer Prevention Institute can result in tax benefits for you and serve as a gift for the Cancer Prevention Institute. The Cancer Prevention Institute also can be included as a beneficiary, contingency beneficiary or owner of a new or existing policy.
Retirement Funds
You can designate the Cancer Prevention Institute as the beneficiary or contingency beneficiary of your retirement plan assets. Since retirement plans are more heavily taxed than other estate assets, this can significantly reduce your estate tax liability and eliminate the income tax that would be payable by a beneficiary other than a charitable organization.
Charitable Remainder Trusts
A Charitable Remainder Trust can provide income to you or other individuals you designate for the beneficiary's lifetime or for the trust's term. Thereafter, the trust principal will go to the the Cancer Prevention Institute Endowment Fund.
Charitable Lead Trust
A Charitable Lead Trust may be used to build the Cancer Prevention Institute’s Endowment Fund over time while providing you with beneficial tax deductions. At the end of the trust's term, the remaining assets are transferred to specified individuals or to you.
Charitable Gift Annuities
A Charitable Gift Annuity can be established through The Dayton Foundation by making a gift of cash or securities worth at least $10,000. The annuity guarantees a fixed stream of income for life for you and/or your other designated individuals and provides an immediate income tax deduction for the gift. Upon the death of the last beneficiary, any remaining amount will go to the the Cancer Prevention Institute Endowment Fund.
Outright Gift
A direct gift of cash, appreciated securities or real properties may be the most convenient way for you to make a contribution to the Cancer Prevention Institute Endowment Fund. Gifts of long-term capital gains assets (appreciated assets held more than one year) may save you taxes and maximize your gift.
Each of these giving options may offer varied estate, gift or income tax benefits, leaving you more to give to your family and charity. The Cancer Prevention Institute can provide you and/or your advisors with more information as needed. Please contact Barbra Stonerock at (937)293-8508 or email stonerock@cancerpreventioninstitute.org for more information.
Click to downloadable PDF "Galen Legacy Society Response Form".
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Mission Statement
Our purpose at the Cancer Prevention Institute is to reduce the occurrence of cancer and improve survival through the integration of prevention research, early detection and education.
The “Galen Legacy Society” represents the commitment of individuals who have felt and seen the impact of the Cancer Prevention Institute on the lives of many people. It is a reminder of the Cancer Prevention Institute’s mission.
The “Galen Legacy Society” was established for the supporters of the Cancer Prevention Institute to help provide for long-range financial stability of the organization. We do not ask for funds now but request that you consider including the Cancer Prevention Institute in your long-range financial plans. By doing this now, you may find that tax advantages can increase the value of your estate, enabling you to do more than you might ever have dreamed possible.