Planned Giving Overview
Thank you for your interest in making a planned gift to Open to Debate. A planned gift is a commitment to the Open to Debate Foundation that becomes effective at death or after a specified number of years. When you include Open to Debate in your will or other estate plans, you support our long-term ability to bring nuance and balance to public discourse. Options for planned gifts include:
Bequests
Including Open to Debate in your will or estate plan is a generous and meaningful way to support Open to Debate. A bequest avoids reducing current income and operates like a postdated check payable only after death. Charitable bequests can include cash, securities, real estate, or other property. By making a bequest, you will be eligible for Open to Debate’s Legacy Society (more details below).
Please find below an example of language that could be used to prepare wills containing a specific bequest to Open to Debate:
“I give, devise, and bequeath to the Open to Debate Foundation, a 501(c)(3) nonprofit organization with legal address at 80 5th Avenue, Suite 1101, New York, NY 10011, $________, to be used for general operating purposes.”
Please contact advancement@opentodebate.org for more information and consult with your estate planning professional for specific guidance.
Life Insurance
Life insurance gifts are another way to make a financial contribution to Open to Debate. After your lifetime and/or the lifetime of another designated beneficiary, the remaining balance is used to support the organization.
By giving a life insurance gift, you will:
- Get an income-tax charitable deduction in the year you make the gift
- Reduce, or possibly eliminate, federal estate taxes
- Avoid or reduce your capital-gains taxes if you fund your gift with an appreciated
- Become a Legacy Society member
Retirement Plan Benefits
Donors who wish to make a gift from a retirement plan may do so by contacting their plan administrator and designating the Open to Debate as a beneficiary.
Become Part of Our Legacy Society
A planned gift also makes you eligible for membership in Open to Debate’s Legacy Society. The Legacy Society honors individuals and families who have notified us of their intention to include us in their estate plans. Legacy Society members are invited to engage deeply with Open to Debate and help shepherd our long-term mission. This includes regular updates and invitations to members-only events.
Getting Started
If you would like to make a planned gift, please contact your attorney and provide them with the following information:
- Legal Name: Open to Debate Foundation
- Legal Address: 80 5th Avenue, Suite 1101, New York, NY 10011
- Employer Identification Number (EIN): 27-1022579
- If you would like to make a charitable gift through a retirement plan, your plan administrator will ask you to complete a Change of Beneficiary form. You will need the above information for this form.
Lastly, while you are under no obligation to let us know about your gift, we would be grateful if you would notify us of your intentions so that we can thank you and recognize you as an Open to Debate Legacy Society member.
* * The information in this overview is not intended to be legal or tax advice. It is highly recommended that prospective donors consult with their own tax or legal advisors prior to making a planned gift.
If you have any questions or would like more information, please contact us at advancement@opentodebate.org.
A nonpartisan, nonprofit organization, Open to Debate addresses a fundamental problem in America: the extreme polarization of our nation and our politics. Our mission is to restore critical thinking, facts, reason, and civility to American public discourse.
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