Creating a legacy gift at Alex's Lemonade Stand Foundation and joining our Legacy Society will make a difference for kids with cancer for generations to come.
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Wills & Bequests
Including Alex's Lemonade Stand Foundation in your will or estate plans is a wise way to make a meaningful impact on childhood cancer. You maintain control of your assets now, while giving you the satisfaction of knowing your legacy will support cures and treatments for childhood cancer.
You may designate a specific dollar amount, percentage of your estate, or assets to Alex’s Lemonade Stand Foundation, which are paid with the execution of your will. You also have the option to make your bequest unrestricted – and your gift will go where it is needed most - or to direct your bequest to a program that is important to you, such as family services or research into a particular type of childhood cancer.
How to Give through Bequests
- Make sure to include a bequest provision in your will, naming Alex’s Lemonade Stand Foundation as the beneficiary. Download Sample Bequest Language to include in your will here.
- Fill out our Planned Gift Intention Form to notify us of your gift so we can plan for the future and recognize you as part of the Alexandra Scott Legacy Society.
- ALSF will receive the bequests you specify when your will is executed.
Please use the following legal identification for bequests:
Alex's Lemonade Stand Foundation for Childhood Cancer
333 E. Lancaster Avenue #414, Wynnewood, PA 19096
Tax ID Number: 56-2496146
Ready to commit today to cures tomorrow?
NOTIFY ALSF OF YOUR ESTATE PLANS
Retirement Plans
A retirement plan can be the simplest way, as well as the most tax-efficient way, to give back to Alex’s Lemonade Stand Foundation during your lifetime. By naming Alex’s Lemonade Stand Foundation as a beneficiary on your retirement plan’s beneficiary designation form, the contributions you make to the account will not be taxed as income, since charities do not pay taxes on donations they receive.
How to Give through your Retirement Plan
- Contact your plan’s administrator about filling out a beneficiary designation form or Transfer on Death.
- Include Alex’s Lemonade Stand Foundation’s legal name and federal tax ID (56-2496146) in the beneficiary designation form.
- Designate a portion or all of your retirement plan assets to Alex’s Lemonade Stand Foundation.
- You will receive a charitable deduction, offsetting the income tax due on this transaction.
- Fill out our Planned Gift Intention Form , to let us know of your gift and to be recognized as part of the Alexandra Scott Legacy Society!
Ready to commit today to advancing childhood cancer research?
NOTIFY ALSF OF YOUR RETIREMENT PLANS
Qualified Charitable Distributions from IRAs
A qualified charitable distribution (QCD), also known as an IRA charitable rollover gift, allows individuals who are of age to make an outright gift from an IRA to Alex’s Lemonade Stand Foundation and exclude it from taxable income.
Qualified charitable distributions can maximize your charitable giving. A QCD may satisfy all or part of your required minimum distribution (RMD) for the year the gift was made, helping you avoid a higher tax bracket that might otherwise result from adding an RMD to your income. This may be a good strategy for you if you are required to take money from your IRA but do not need it for living expenses.
To qualify, you must be of age at the time of the gift, distributions must be made directly from a traditional IRA account by your IRA custodian, and distributions must be made directly to Alex’s Lemonade Stand Foundation. Distributions cannot be made to donor-advised funds or used to fund gift annuities. The maximum annual amount that qualifies for a QCD is $100,000; however, if you file taxes jointly, your spouse may make a QCD from their own IRA in the same year up to $100,000.
Each financial institution has its own process for QCDs. Donors should consult their financial advisor and IRA custodian to initiate a charitable contribution from their IRA. To begin, your IRA custodian will need the following legal identification:
Alex's Lemonade Stand Foundation for Childhood Cancer
333 E. Lancaster Avenue #414, Wynnewood, PA 19096
Tax ID Number: 56-2496146
Stocks & Investment Accounts
While the objective of investment accounts are to preserve your capital and grow your assets for the long term, it is also important to consider where your remaining account balance will be transferred to after your death. Through ALSF’s Legacy Giving opportunities, you can designate a portion or all of your account go towards fighting childhood cancer – enabling us to continue to bring cures to kids.
In order to create your lasting legacy, get in touch with the administrator on your account, complete a Transfer on Death (TOD) form, and share it with your financial advisor. Any portion of your investment account that you choose to leave to Alex’s Lemonade Stand Foundation will be tax-exempt!
How to Give through Stocks and Investment Accounts
- Contact your investment account holder or broker about filling out a Transfer on Death or beneficiary form for mutual funds or other types of investment accounts.
- Add Alex’s Lemonade Stand Foundation as the beneficiary on the form and include our tax ID 56-2496146. Get an appraisal of your stock or investment to determine its value.
- You will receive a charitable income-tax deduction equal to the fair-market value of the stock or investment on the date of transfer.
- Fill out our Planned Gift Intention Form, to let us know of your gift and to be recognized as part of the Alexandra Scott Legacy Society!
Ready to commit today to helping kids with cancer?
NOTIFY ALSF OF YOUR INVESTMENT ACCOUNT PLANS
Charitable Gift Annuities
A charitable gift annuity is a popular form of planned giving in which you make a substantial gift upfront and receive a secure, fixed payment annually for the rest of your (or your spouse or beneficiary's) life. When the contract ends, the remaining value of the annuity passes to Alex's Lemonade Stand Foundation to help fight childhood cancer.
There are several different ways in which you can give through charitable gift annuities. Charitable Gift Annuity options include Immediate-Payment, Deferred-Payment, and Flexible-Payment. For more information on charitable gift annuities, please reach out to Lexi Gratton at [email protected] .
Contact Us
To learn more about Legacy Giving at Alex’s Lemonade Stand or a specific type of gift, please reach out to us with any questions you might have by filling out the contact form or by contacting Lexi Gratton at [email protected].
