People + Policy
= Positive Change for the Public Good
Planned Giving: The Free Press Legacy Society
The Free Press Legacy Society allows you to make tax-wise gifts that help Free Press and the Free Press Action Fund sustain the fight for everyone’s rights to connect and communicate. Planned gifts enable us to chart future programs and strategies designed to save the free and open Internet, curb runaway media consolidation, protect press freedom, and ensure diverse voices are represented in our media.
You don’t have to be wealthy to make a planned gift: People of every income level can do it.
Please note: Legacy gifts to Free Press, our 501(c)(3) organization, are tax deductible to the full extent allowed by law. Legacy gifts to the Free Press Action Fund, our 501(c)(4) organization, are not tax deductible as charitable contributions or as business expenses under IRC§ 162(e). Because of this, it’s important to speak with your tax or estate specialist before making contributions to ensure that your income, gift and estate tax objectives are met.
Why Leave a Legacy Gift to Free Press or the Free Press Action Fund?
Members of the Free Press Legacy Society help us progress toward a world where people have the information and opportunities they need to tell their own stories, hold leaders accountable, and participate in policymaking. Your planned gift will help ensure that the public has a seat at the policymaking table — now and for years to come — as the future of the Internet, journalism, press freedom and other forms of communication is determined.
What Kinds of Gifts Can I Leave to Free Press or the Free Press Action Fund?
Both Free Press and the Free Press Action Fund are completely independent: We don’t take a cent from business, government or political parties and rely on the generosity of individual donors and charitable foundations to fuel our work. We accept the legacy gifts listed below.
Gifts of Cash
You may mail your gift to Free Press or the Free Press Action Fund at 40 Main St., Suite 301, Florence, MA 01062.
Naming Free Press or the Free Press Action Fund as a Beneficiary of Your Life Insurance Plan, Your Retirement Account or Your Bank Account
You can list Free Press or the Free Press Action Fund as the only beneficiary, as a partial primary beneficiary, or as the contingent successor beneficiary, whereby Free Press or the Free Press Action Fund will receive the benefits only if a named individual beneficiary predeceases you. It’s easy to change 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 forms that will allow you to designate Free Press or the Free Press Action Fund as a beneficiary.
One of the most popular types of planned gifts, bequests reduce the size of your taxable estate while helping advance the fight for your rights to connect and communicate. Bequests can be made in a variety of ways:
1. Specific bequest: You decide exactly how much money, which assets or what percentage of your estate will pass to Free Press or the Free Press Action Fund after your death. Click here for suggested bequest language.
NOTE: If you prefer, you may designate a specific purpose for our use of your bequest. If you prefer to make a restricted gift, please contact us before finalizing arrangements so that we can be sure we’ll be able to fulfill your wishes.
2. Residuary bequest: You can specify the portion of your estate that will pass to Free Press or the Free Press Action Fund after other designated beneficiaries receive their gifts and after expenses are paid.
3. Contingent bequest: All or a portion of your estate will pass to Free Press or the Free Press Action Fund only if the named beneficiaries do not survive you.
Gifts of Publicly Traded Securities
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.
How do I add Free Press or the Free Press Action Fund to my will?
It’s easy to add either organization to your new or existing will. Click here for simple language to include in your will.
If you have a lawyer or estate planner, he/she can help you draft a new will or add a codicil to your existing will that names Free Press or the Free Press Action Fund as a beneficiary.
Our name and address is: Free Press, 40 Main St., Suite 301, Florence, MA 01062. Free Press’ federal tax identification number is 41-2106721.
You may use the same address for the Free Press Action Fund. The Free Press Action Fund’s federal tax identification number is 41-3771598.
How will you acknowledge my planned gift to Free Press or the Free Press Action Fund?
As a Legacy Society member, you will receive periodic updates, invitations to special events and public recognition, and we will thank you in our annual report. 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.
If you’ve already designated Free Press or the Free Press Action Fund with a bequest, want more information, or wish to discuss making a planned gift, please contact Yesenia Perez-Algarin at 877.585.1533, ext. 502, or email her.
People + Policy
= Positive Change for the Public Good