Your Profession. Your Foundation. Your Legacy.
With your planned gift, you ensure that the mission of the Indianapolis Bar Foundation—to advance justice and lead positive change in Indianapolis through philanthropy, education and service—will continue to positively impact our community and our profession for generations to follow.
Why the Indianapolis Bar Foundation?
One by one, each supporter and each gift champions the IBF's mission to advance justice and lead positive change in Indianapolis through philanthropy, education and service. Without that support, IBF programs and services crucial to the advancement of the profession and the betterment of the community would simply cease to exist.
If you need additional help, the IndyBar Estate Planning & Administration Section is happy to assist with your gift to the IBF. For information on reduced-fee assistance from section committee members, please contact the current section chair:
2021 Section Chair
Schlueter Breman LLC
Choose the Gift That’s Right for You
Some individuals choose to make an unrestricted gift, which allows the IBF to fulfill its mission by channeling the funds to the areas in most need. Others choose to direct a gift for a specific purpose, such as support for a scholarship or specific program. Planned giving offers you several options.
Please contact the Indianapolis Bar Foundation to discuss how these options and other planned giving options might work for you. Consult with your legal and tax advisors regarding your specific situation.
Ways to Give to the Legacy Fund
Gifts of Cash
A gift of cash is the easiest way to give to the Foundation. Make your check payable to THE INDIANAPOLIS BAR FOUNDATION and mail to:
The Indianapolis Bar Foundation
140 N. Illinois St.
Indianapolis, IN 46204
Just a simple designation in your will or living trust creates a legacy for the Indianapolis Bar Foundation and will not affect your cash flow during your lifetime.
With a gift of $50,000 or more, the Foundation will establish at your request a fund bearing the name you designate. These named funds offer ways for friends, family members, neighbors, colleagues, foundations or law firms to commemorate special individuals, such as a colleague in our legal community or an individual who has demonstrated exceptional dedication to expanding access to justice.
Individuals and families or other groups may combine gifts made over time to meet the minimum amount. Once a named fund is established, gifts may be designated to the fund at any time. Families and friends may choose to let others know that the fund has been established and invite others to join them in support of this lasting tribute.
Generally, named funds support the Foundation’s Endowment or a broad organizational priority. However, funds may be directed to a mutually agreed upon specific purpose that fits within the IBF’s mission and organizational goals and is approved by the IBF Board.
This is a terrific way to make a gift, allowing you to receive fixed payments and defer or eliminate gains tax, or, if you prefer, allowing the Foundation to receive income for a period of years, with the remainder passing to your heirs.
Gifts of Real Estate
The Foundation will accept gifts of real estate, including remainder interests in a personal residence or farm; however, all gifts of real estate are subject to the approval of the Foundation’s board upon recommendation by the Finance Committee.
Gifts of Appreciated Securities
When you gift appreciated securities to the Foundation, you are able to deduct the market value of the stock at the time of the donation and Foundation is able to sell the stock without paying capital gain taxes.
Gifts of Life Insurance
In donating a policy, you can often take an immediate deduction as well as deduct future premium payments. You'll get the proceeds out of your taxable estate and because life insurance costs “pennies per dollar” of coverage, it's a great way to make an extraordinary gift at a modest cost.
Gifts of Retirement Assets
Your retirement fund can be taxed up to 80% if passed on to heirs, but its tax free to the Bar Foundation. Often, between paying taxes and receiving a deduction, using a lifetime withdrawal to make a charitable gift is a “wash” for tax purposes.