Make an investment in the fight against diabetes and create a lasting legacy at Joslin
The power of a planned gift is significant. Making a planned gift to Joslin Diabetes Center can give you the satisfaction of knowing your legacy will support generations of individuals living with diabetes. Through planned giving, you are building two legacies – one for your family and another for Joslin, solidifying our future of helping patients and advancing our work toward a cure. When you make Joslin part of your estate plan, you leave a lasting impact.
The Priscilla White Society
Dr. Priscilla White joined Dr. Elliott P. Joslin in his practice shortly after insulin became available in the 1920's to care for youth with diabetes. During her career she guided three generations of children to adulthood.
The Priscilla White Society honors individuals who have chosen to leave a legacy to support Joslin's mission to improve the lives of people with diabetes and its complications through care, education and research. When you make a gift to Joslin from your will or trust, you'll be welcomed into The Priscilla White Society and join other patients and friends being honored for creating their Joslin legacies.
For more information about The Priscilla White Society, submit this form.
- Include Joslin in your will or trust
- Name Joslin as a beneficiary of your retirement or insurance plan
- Establish a charitable gift annuity with Joslin
- Establish a charitable remainder trust with Joslin
- Invitations to Joslin events
- Receive special Joslin publications
- Knowledge that you are making an impact in the lives of those with diabetes and helping Joslin advance towards a cure
Ways to Give
Choosing the right gift depends on your personal circumstances and goals. Below are planned gift options. For more information, submit this form.
Gifts After Your Lifetime
A bequest is a gift made through a will or living trust. It’s the most popular planned gift and the easiest to make. A bequest can be included in a new will or added to an existing will or living trust.
Gifts That Provide Income
A Charitable Gift Annuity (CGA) allows you to provide a gift to Joslin in exchange for a fixed income payment for life. Various types of charitable remainder trusts also provide income to a donor and/or someone the donor designates.
Charitable IRA Rollover
An IRA rollover allows individuals 70 ½ or older to made tax-free IRA charitable rollover gifts directly from their retirement accounts to Joslin.
Beneficiary Designations
Joslin may be named as a primary or contingent beneficiary to receive part or all of a number of different assets.
How the CARES Act May Affect Gift Planning in 2020
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was passed by Congress and signed into law on March 27, 2020. The CARES Act, combined with other recent legislation, presents special and advantageous opportunities for charitable giving. Below are some of the ways the CARES Act may impact your charitable giving.
For more information about how the CARES Act may impact your specific financial situation, please consult with your advisor. To contact Joslin’s Planned Giving Advisor, Tom Giddens, call 617-309-2412 or email thomas.giddens [at] joslin.harvard.edu (thomas[dot]giddens[at]joslin[dot]harvard[dot]edu).
Under the CARES Act, taxpayers who do not itemize their deductions will be able to claim a charitable deduction of up to $300 for cash donations made in 2020. This deduction applies only to qualified cash contributions and does not apply to cash contributions made to donor-advised funds or supporting organizations. It also does not apply to carryover contributions.
The new law temporarily suspends the requirements for required minimum distributions for the 2020 tax year. Despite the suspension, the CARES Act did not change the rules around the Qualified Charitable Deduction, which allows individuals over 70 ½ years of age to donate up to $100,000 in IRA assets directly to charity annually, without taking the distribution as taxable income.
Donors who made a large cash gift in 2019 could deduct it only to the extent of 60% of adjusted gross income. This year, the CARES Act allows donors to deduct it to the extent of their entire adjusted gross income. Individual taxpayers, who contribute cash to a public charity, or a limited number of private foundations, may deduct up to 100% of their adjusted gross income after taking into account other contributions subject to charitable contribution limitations. Individual taxpayers can continue to carry forward any excess charitable contributions for up to five years.
The contribution limit for corporations has been 10% of taxable income. For 2020, that limit has been raised to 25% for cash contributions.
Join The Priscilla White Society
For more information, contact our Planned Giving Advisor at development [at] joslin.harvard.edu (development[at]joslin[dot]harvard[dot]edu) or submit this form.