Planned Giving
The Free Press Legacy Society allows you to make tax-wise gifts to help Free Press, our 501c3 organization, reach our goal of creating a more diverse, democratic and accountable U.S. media system. Planned gifts provide the resources we need to succeed, and enable us to chart future programs and strategies. You don't have to be wealthy to make a planned gift. People of every age and income level can make a planned gift to ensure that media reform becomes reality.
Please note that it is important to fully discuss the implications of your gift with your tax or estate specialist. Gifts will have differing tax implications depending on the size of your estate, other charitable gifts you plan to make, etc. For more information or to discuss making a planned gift, please contact Yesenia Perez at 413.585.1533 ext. 502 or email her.
Common Questions
Why should I leave a gift to Free Press?
Free Press's work today will shape the U.S. media of tomorrow. It will help determine whether our media nurtures democracy by providing critical journalism, a diversity of voices and perspectives, and universal access to communications -- or whether it continues to consolidate into the hands of a few massive media conglomerates whose primary mission is profits.
What kinds of gifts can I leave to Free Press?
Below are the types of planned gifts Legacy Society members can make to Free Press.Click on the links below to learn more about the options available.
-
Gifts of cash
-
Bequests
-
Specific bequest: You decide now exactly how much money, what assets, or what percentage of your estate will pass to Free Press after your death.
The following is a suggested form for such a bequest: "I hereby give and bequeath [amount in dollars or percentage amount] to Free Press, a nonprofit, tax-exempt organization incorporated under the laws of the District of Columbia in 2003, having the federal tax identification number 41-2106721, to be used for the accomplishment of its general purposes."
If you prefer, you may designate a specific purpose for our use of your bequest. If a restricted gift is your preference, please contact us before finalizing arrangements so that we can be sure we'll be able to fulfill your wishes.
-
Residuary bequest: You can specify the portion of your estate that will pass to Free Press after other designated beneficiaries receive their specified gifts, and after expenses are paid.
-
Contingent bequest: All or a portion of your estate will pass to Free Press only if the named beneficiaries do not survive you.
-
Naming Free Press a beneficiary of your life insurance plan, retirement account or bank account
-
Gifts of publicly traded securities
Cash gifts are the easiest and most common gift.
One of the most popular types of planned gifts, bequests reduce the size of your taxable estate while helping to advance media reform. Bequests can be made in a variety of ways:
This is simple and direct. You can list Free Press as the only beneficiary, as a partial primary beneficiary, or as the contingent successor beneficiary, receiving the benefits only if a named individual beneficiary predeceases you. It is easy to make a change to the beneficiary designation of your accounts without changing your will or other aspects of your estate plan. Just ask your insurance company, bank or investment firm for a form that will allow you to make Free Press a beneficiary of your policy.
These are easy to give and offer great tax advantages. Stock can be transferred electronically and donors can receive substantial relief from capital gains taxes. The donated security must be owned for more than one year. If you are interested in making a gift of securities please contact Yesenia Perez at 413.585.1533 ext. 504 or email her.
How Will My Planned Gift to Free Press Be Acknowledged?
We would be honored to thank you publicly, in our annual report, for your generous support of Free Press and the movement for media reform. We typically list supporters by name without specific reference to gift amount. We understand, however, that some donors prefer to remain anonymous. When making your gift, please let us know your preference regarding acknowledgment.
How Do I Add Free Press to my Will?
It's very easy to add Free Press to your existing or new will by including simple language such as:
"I hereby give and bequeath [amount in dollars or percentage amount] to Free Press, a nonprofit, tax-exempt organization incorporated under the laws of the District of Columbia in 2003, having the federal tax identification number 41-2106721, to be used for the accomplishment of its general purposes."
If you prefer, you may designate a specific purpose for our use of your bequest. If a restricted gift is your preference, please contact us before finalizing arrangements so that we can be sure we'll be able to fulfill your wishes.
If you have a lawyer he/she can help you draft a new will, or add a codicil to your existing will naming Free Press as a beneficiary.
Our official name and address is:
Free Press
40 Main Street, Suite 301
Florence, MA 01062Our Federal Identification Number is:
41-2106721
