Planned Giving

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Your Gift Will Enrich Lives

Supporting Clearbrook with a financial donation enriches the lives of individuals with intellectual and developmental disabilities. It provides opportunities for them to reach their full potential and lead fulfilling lives. Sometimes a cash gift is not what is best for a donor. Clearbrook accepts gifts of life insurance, stock, bequests, and more.

These donations can be more complicated than a cash gift. Please consult a tax advisor, financial advisor, or legal professional to walk you through the best way to make a gift that fits your needs.


Giving Options

Clearbrook accepts gifts from your IRA, 401k, or other retirement savings plan. While laws are continually changing, there are some tax benefits available when donating from your retirement account.

Those aged 70½ or older may wish to take advantage of tax benefits by donating from a traditional IRA account. Even if you don’t have to take required minimum distributions you can still make tax-free gifts from your IRA.

It is possible to make charitable gifts directly from IRAs to qualified charities annually up to a certain amount, and it is free from federal income taxation.

This provision applies only to IRAs and not to 401(k)s, 403(b)s, and other tax-favored retirement plans.

Check with your tax or financial advisor about qualified charitable distributions (QCDs) from IRAs.

Did you know that you can donate your stocks that have appreciated in value to Clearbrook and not pay capital gains tax? In addition, gifts of appreciated securities held for over a year are generally deductible at market value. For stocks that have depreciated in value, it may make more sense to cash out first, before making a donation. Talk with your broker or tax accountant to determine which option is best for you.

If you wish to donate stock, please email, mail or call us with the following information:

  • Your first and last name, full address, phone number and email address
  • The kind of stock you are donating
  • The number of shares (or approximate number) you are donating
  • The name and phone number of your broker

Please contact Andi Wojcik, Director of Development, for further instructions. She can be reached via email or phone at 847-385-5014

A letter of acknowledgment will be sent to you for tax-keeping purposes upon receipt of the cash proceeds from the sale of your stock.

A legacy gift, or bequest gift, will benefit future generations. In today’s environment, these gifts are more important than ever to ensure Clearbrook is here to care for our individuals with intellectual and developmental disabilities now and in the future.

Providing us with documentation of your will/estate plans is the best way to ensure that your gift is used in the way you intend. Of course, some of our donors prefer to remain anonymous and we will keep this information confidential.

This information helps Clearbrook plan for our future. We rely on bequests and other planned gifts to meet current funding needs, strengthen our financial position, establish new programs, and enhance existing ones. These gifts and commitments ensure the longevity of Clearbrook.

Please be sure to list our legal name, Clearbrook, and our tax ID number, 36-2420176, in your documents.

Thank you for considering the inclusion of Clearbrook’s mission as part of your life story through a legacy gift.

When you consider making gifts for charitable purposes, you probably think about giving cash, stocks, bonds, etc. But what about life insurance?

Clearbrook will accept gifts of life insurance where Clearbrook is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.

Always check with your advisors before you complete a gift of life insurance.

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