IRA, Bequest, and Real Estate Gifts

A gift from your IRA

If you are age 70½ or older, you can make a tax-free distribution from your IRA and have the satisfaction of seeing your gift make a difference today.

You can donate up to $100,000 each year to a qualified charity such as Howard Brown without paying income tax on your withdrawal. Plus, if you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

How to Make Your IRA Gift

1. You contact your plan administrator to direct a distribution in the amount you designate from your traditional IRA to Howard Brown.
2. The distributions go directly to Howard Brown and are not subject to income tax.

View a sample transfer letter.

A bequest through a will or trust

You can leave a lasting legacy to LGBTQ health by designating Howard Brown Health as a beneficiary of your will or trust with a gift of any size.  Your gift may also reduce your taxes.

If you wish to name Howard Brown in your will or estate plan, we should be named as:

Howard Brown Health Center, a nonprofit corporation, organized and existing under the laws of the State of Illinois, with principal business address of 4025 North Sheridan Road, Chicago, Illinois 60613.

Our tax identification number is: 36-2894128

Click here for our legal designation language in a printable format.

Make Howard Brown a beneficiary of your retirement plan, donor advised fund, or insurance policy

You can name Howard Brown as a beneficiary of an insurance policy, donor advised charitable gift fund, or retirement plan by simply identifying “Howard Brown Health Center” as a beneficiary and supplying the requested information.

A gift of real estate

A gift of real estate to Howard Brown Health – either now or in your estate plan – provides a lasting benefit to LGBTQ health. If you have owned the property for more than one year, you may be able to take a charitable deduction equal to the fair market value of your property.  A gift of real estate also will reduce the size and complexity of your estate and will free you of the responsibility of paying real estate taxes and maintaining the property.

Gifts of real estate are a wonderful way to support Howard Brown, but they require careful consideration. Prospective donors are required to provide detailed and specific information about the property. Howard Brown staff will work with you to facilitate this process.

Because real estate will usually be sold soon after it is gifted, the real estate must be free of debt and readily marketable.

Interested in making a gift?

Contact us today about any questions you have or to learn more about how gift and estate planning can benefit you and LGBTQ health. Your inquiry is confidential.

Call: 773.572.6988
Email: giving@howardbrown.org

Please consult with a professional advisor when gift planning. The information on this website is not intended as legal or tax advice. References to estate and income taxes include federal taxes only.