Would you like to ensure that Ride Illinois’ important bike advocacy, education, and awareness efforts continue well into the future? Do you value an organization that works on behalf of bicyclists in communities all around Illinois? Ride Illinois Legacy Society members make a lasting financial commitment to make Illinois better through biking! Planned gifts offer you the flexibility to balance your personal financial goals with your interest in supporting Ride Illinois
Bequests and living trusts are often the simplest and most convenient type of legacy gifts that our friends establish. You may choose to give a percentage of your estate or all, or part of the residue that is left over after all other bequests are made.
Types of Planned Giving
Make a planned gift commitment by including Ride Illinois in your will or living trust. Your gift to Ride Illinois can be a percentage of your estate, a fixed dollar amount, or an asset such as real estate. A few options to consider include:
- Unrestricted Bequests: Allows Ride Illinois to direct your gift where it is needed the most. You can include wording in your will or trust such as: “I give and devise to League of Illinois Bicyclists, dba Ride Illinois with (Tax ID #36-3823236), located in Elk Grove Village, IL, the amount of $XX [or XX% of the residue of my estate], to be used for general operating support.”
- Restricted Bequests: Permits Ride Illinois to use your gift in the manner you designate, such as a specific area of interest (advocacy, education, awareness campaign, a specific event or program, etc).
- Specific Bequest: Gives a specific asset to Ride Illinois, such as cash or securities.
- Residuary Bequest: Gives all or a percentage of what remains in your estate to Ride Illinois after all other specific bequests have been satisfied and all debts and expenses have been paid.
- Contingent Bequest: Gives all or a portion of your estate to Ride Illinois when a named individual beneficiary dies before you. For example, “I give $10,000 to my cousin Susan, but if she does not survive me, the bequest should be given to Ride Illinois.”
We urge you to discuss these options with your attorney or licensed financial advisor before making a planned gift. If you wish to learn how your estate can help ensure Ride Illinois’ future, please contact Dave Simmons at [email protected] or (630) 216-9282.
If you have already included Ride Illinois in your estate plans, we would like to recognize you as a member of our Legacy Society. Please share the details by contacting [email protected] or (630) 216-9282.
Ride Illinois’ Employer Identification Number (EIN) is 36-3823236. Our legal name filed with the IRS is League of Illinois Bicyclists (dba Ride Illinois).
Qualified Charitable Distributions from IRA
You can also name Ride Illinois as a beneficiary of your IRA or life insurance policy. Taxpayers age 70 ½ or older can make a qualified charitable distribution, up to $100,000, directly from their IRA, other than a SEP or SIMPLE IRA, to a qualified charitable organization. Learn about important charitable giving reminders on irs.gov.
Ride Illinois Legacy Society Members
The following generous individuals have included Ride Illinois in their estate planning and are recognized members of our Legacy Society:
Jerry Enenstein
David Simmons
Patrick Smith
Al Sturges
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