Planned Giving

You can leave a legacy of justice through a planned gift to the CBF. Whether it’s a bequest in your will or trust, or naming the CBF as a beneficiary of your retirement fund, you can make a big impact for many years to come.

With a planned gift to the CBF, you can:

  • Make a larger charitable gift than you thought possible
  • Realize your philanthropic goals, as well as achieve current and long-term financial goals for you and your family
  • Give back to the legal profession and leave a uniquely meaningful and lasting legacy
  • Help make longer-term systemic improvements in access to justice.

There are various charitable planning options that integrate your personal, financial and estate planning objectives:

Bequests A charitable bequest can be established for a specific dollar amount or for a percentage of an estate or residuary estate. Sample bequest language is as follows:

I give (the sum of $______) or (all or % of the residuary of my estate) to The Chicago Bar Foundation, a section 501(c)(3) charitable organization, to be used for its general purposes, (Federal Tax ID number 36-6109584), located at 321 S. Plymouth Court, Chicago, IL 60604.

Retirement plan Designate the CBF as a beneficiary of your IRA, 401(k) or other qualified retirement plan. You can leverage your retirement assets to benefit you and your family, reduce federal taxes and support the CBF far into the future.

Are you 70 ½ or older? Making a gift today through your IRA can reap significant tax savings.

Life insurance policy Name the CBF the owner and beneficiary of an insurance policy and you will ensure a significant gift to the CBF after your lifetime, and be entitled to a current charitable income tax deduction.

Appreciated Securities Gifts of appreciated stock can provide significant tax benefits by avoiding capital gains tax

Charitable Remainder Trusts Create a trust that pays you income for life or a term of years, receive income tax deduction and an opportunity to reduce gift and estate taxes, while making a legacy gift to the CBF.

Charitable Lead Trusts Preserve capital for your retirement or your heirs by creating a trust that makes payments to the CBF for a period of years, with the principal amount reverting to you. This trust helps preserve family wealth with substantial gift and estate tax savings.

You can put your gift to work today or defer benefits until after your lifetime. Planned gifts of $150,000 or more can be designated for a specific purpose such as endowment of an award, fellowship, scholarship or special purpose fund to address critical and emerging needs or innovative initiatives of the CBF.

When you inform us of your planned giving intentions, you become a member of the Legacy of Justice Society, which allows us to recognize you for your generosity. As a member of the Legacy of Justice Society, you will be invited to events that connect you with other CBF supporters where you can be recognized for your important commitment. Have you already included the CBF in your estate plans? Let us know—we’d like to thank you!


For more information on how you can leave a legacy of justice through the CBF, contact CBF Major Gifts Officer Debra Magad at dmagad@chicagobar.org or 312-554-1209.