Ways to support Lung Cancer Initiative

The people listed on our Memorial page have passed away, and their family and friends have chosen to honor their memory by donating to Lung Cancer Initiative. Such donations are a thoughtful tribute to those we have lost. Lung Cancer Initiative is honored to be chosen as the recipient of those gifts.

Click here to make a donation, and follow the steps indicated to make a gift in memory of someone.

Click here to view Legacy Stories

Honor your family, friends, or loved ones with an Honor Gift to Lung Cancer Initiative. Your donation will help fund LCI’s research, education and patient support & access programs, and will make a difference in the lives of those impacted by lung cancer.

Click here to make a donation and follow the steps indicated to make a gift in honor of someone.

Gifts of stock can offer significant tax advantages:

• You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
• You pay no capital gains tax on the transfer when the stock is sold.
• Giving appreciated stock can be more beneficial than giving cash. The “cost” of your gift may be less than the deduction you gain by making it.

 The Lung Cancer Initiative accepts donations of stock through our Legacy Fund. Please notify us that the stock or wire transfer has been requested and provide the name of the donor, the name of the security, and the number of shares transferred. If you have any questions, please contact Paige Humble at 919-784-0410.

Direct your stock transfers to:

Schwab
DTC #0164
For credit to: 32456958
Lung Cancer Initiative

To learn more about the benefits of charitable giving through cash and non-cash gifts, see this resource provided by Schwab Charitable.

A qualified charitable distribution (QCR) is an immediate gift from traditional IRA account assets (gifts from 401(k), 403(b), “ongoing” SEP or SIMPLE IRAs, and other plans do not qualify) during your lifetime. With the recent passing of a new tax code, a gift from your IRA directly to charity is more advantageous than ever. An IRA gift can reduce your tax burden and fulfill your charitable interests.

A QCR is right for you if:

• You are 70.5 or older, AND
• You do not need the IRA income (required minimum distribution) this year, OR
• You are taking the standard deduction on your taxes.

By giving directly from your IRA you are able to exclude that distribution from your adjusted gross income, which might keep you out of higher tax brackets. Check with your tax advisor before making a gift of retirement plan assets.

LCI receives many donations through donor advised funds (DAFs) each year, and our donors enjoy some attractive tax benefits by doing so. A DAF is a philanthropic vehicle that allows you to make one contribution into the fund and then recommend grants distributed to multiple charities over time. Many companies offer Donor Advised Funds that their employees can use to make charitable contributions, but you may also open and individual DAF account. DAFs can simplify your giving and make it easier to support Lung Cancer Initiative and other causes you care about—in addition to enjoying some tax benefits:

• Immediate Tax Deduction: When you contribute to a DAF, you can generally take an immediate tax deduction for the full amount of your gift. This can be especially beneficial if you have a high income year or if you anticipate that your tax bracket will be higher in the future.
• Avoid Capital Gains Taxes: Appreciated securities can be gifted into the DAF to avoid capital gains on the sale of the securities.
• Tax-Free Growth: Once you contribute to a DAF, the assets in the fund can grow tax-free. This means that your contribution can potentially grow over time, allowing you to give more to the Lung Cancer Initiative and other charities in the future.

Please note that DAF grants and charitable trusts cannot be used if the donor or anyone else receives something of value in return, including sponsorships or associated benefits for LCI events.

Including a charitable bequest in your will or trust is a simple way to make a lasting gift to Lung Cancer Initiative and to those we serve. You can leave a bequest to LCI by adding to an existing will or drafting a new one. Make a gift of a stated dollar amount, a percentage of your estate, stocks/bonds, or the remainder after distributions to other beneficiaries. In doing so, you leave a legacy to LCI and to your community, yet preserve and enjoy assets you might need during your lifetime. Plus, the assets distributed to LCI are exempt from estate tax.

You may use this sample bequest language by taking it to your attorney or advisor: “I give (bequeath) to Lung Cancer Initiative or its successor organization, located at 5171 Glenwood Avenue, Suite 401, Raleigh, NC 27612 (EIN 26-2300885), the rest of (or portion of) my estate to advance its mission.” Please specify in your plans a percentage of the balance, or a specific dollar amount. You can also add a codicil to an existing will to incorporate charities.

Please contact phumble@lungcancerinitiativenc.org for additional guidance on making a gift through your will or trust.

Your retirement fund can be taxed up to 80% if passed on to heirs, yet it is tax-free to charity. Making Lung Cancer Initiative a beneficiary of your retirement plan helps ensure that more of your estate reaches the causes most important to you. Making a future gift of retirement plan assets simply requires a designation of Lung Cancer Initiative as the beneficiary of the plan.

A Donor Advised Fund (DAF) is a philanthropic vehicle that allows you to make one contribution into the fund and then recommend grants distributed to multiple charities over time. This can simplify your giving and make it easier to support Lung Cancer Initiative and other causes you care about. DAF gifts can be immediate or designated as planned gifts. To make a planned gift through a DAF, you would simply designate your charity of choice as a beneficiary of your DAF in your estate plan, and your planned gift would be eligible for an immediate tax deduction. Then, in later years when your estate makes a contribution through the DAF, there may be estate or inheritance tax benefits as well!

Giving through life insurance is one of the simplest ways to make a significant contribution to Lung Cancer Initiative and to establish your legacy of giving. You may do so in one of two ways: 1) You can designate LCI as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy. 2) You can transfer to LCI ownership of the policy – either paid in full or for which you continue making premium payments. The transfer of the policy is a present gift for which a charitable tax deduction may be taken, and your continued payment of premiums is each considered a charitable contribution, deductible to the full extent of the law.

In-kind gifts are contributions of goods or services other than cash grants. LCI accepts a variety of in-kind donations:

Donations to be sold at our event auctions. These can include, but are not limited to, such items as jewelry, gift cards, event tickets (sporting events, theater, etc.) , wine/liquor, toiletries, luxury clothing, purses/handbags, accessories, art, sports gear, games/entertainment items, toys, blankets, etc. We also accept gifts of trips, experiences, and use of vacation homes. Gifts of services are also welcome, but are generally not eligible for a charitable deduction. Contact SOehler@lungcancerinitiativenc.org for more information.

Donated goods and services to offset event costs. For example, we welcome the opportunity to have equipment provided for event day use, including tents, tables, chairs, stage, rental van, lights, sound system, etc. Event day give-aways including shirts, food, water, beer, wine, etc. Event services such as printing of materials, banners, signs, 5K timing services, DJ, auctioneer, band, AV support, etc. Contact SOehler@lungcancerinitiativenc.org for more information.

Other  in-kind donations. We occasionally accept other items such as computers, furniture, and office equipment for use by our organization outside of events.

Please contact our office at 919-784-0410 or at SOehler@lungcancerinitiativenc.org if you have an in-kind gift you would like to donate.

Wondering what to do with your used car or truck? Donating your old vehicle to Lung Cancer Initiative is convenient, easy, and may qualify you for a tax deduction. We have partnered with Vehicles for Charity . All you need to do is to complete their simple online donation form or call 1-866-628-2277 and they take care of the rest. We will pick up your vehicle, arrange to have your donation towed, and provide you with a tax-deductible receipt, all at no charge to you.

Lung Cancer Initiative participates in workplace Giving campaigns through Community Health Charities, Combined Federal Campaign (CFC #23369), and state employee campaigns and several other corporate campaigns. Check your company’s list of approved charities in your workplace contribution campaign. If we are not listed, please request our inclusion with the following information:

Lung Cancer Initiative
5171 Glenwood Ave., Ste. 401
Raleigh, NC 27612
EIN- 26-2300885

Many employers will also match your donation to Lung Cancer Initiative. Check with the company you work for to determine their requirements and process or view the list of NC companies with matching programs.