• Giving So That All May Receive

    Susan and John Dorr

    Susan and John Dorr

    When asked why they support Susan G. Komen, John and Susan Dorr said, "It is because of the excellent awareness that is provided and, most important, for the research to prevent breast cancer." The Dorrs choose to support Komen's mission through their estate plan.

    "We have seen numerous issues that arise when families don't have an estate plan or will, so we decided many years ago to prepare our plan and wills," the couple said. "We also prefer to make the appropriate decisions on our estate plan while we are still healthy and knowledgeable."

    Specifically, the Dorrs give through an individual retirement account (IRA), which provides added benefits. "I learned that I could gain some additional benefits if I directed our donations from my IRA account," said John. "We had our tax accountant review and advise us on how to proceed. We determined how much we needed to use for our future lifestyle and then we assessed the impact of direct giving on our taxes. It is an easy process."

    And finally, the couple added, "God has blessed all of us with various levels of material and monetary wealth, no matter how large or small. It is ours to manage and use while we are living this life. We can share our blessings with others and help the future generations, whether family or not."

    We are so thankful for our friends John and Susan Dorr.

    Your Gift Ensures Hope for the Future

    We would love to hear from you if you have named Susan G. Komen in your estate plan. Contact Komen Development Department at 1-877-465-6636 or plannedgiving@komen.org to let us know about your long-term commitment to end breast cancer.

A charitable bequest is one or two sentences in your will or living trust that leave to Susan G. Komen a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Susan G. Komen, a nonprofit corporation currently located at 5005 LBJ Freeway, Suite 526 Dallas, TX 75244, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Komen or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Komen as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Komen as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Komen where you agree to make a gift to Komen and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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