Gifts of CASH:

Payment Options

Of the many ways to give to JLF, most donors choose cash and cash equivalents, whether as annual gifts, a one-time gift, or a gift pledged over a three-year period.

Give Now

To give online, complete this form.

Mail Your Gift

To make a gift by check, money order, or credit card, print and complete the mail-in gift form [PDF].

Automatic Funds Deduction

To make a gift by automatic credit card or bank account deduction, complete the mail-in electronic funds transfer form [PDF]. Your gift will be automatically deducted from your bank account or be billed to your credit card monthly.

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Securities:

How to Make a Gift of Stock to the John Locke Foundation:

Electronic Transfer

The simplest way to make a gift of stock is to contact your broker and electronically transfer the stock from your account to our account at Morgan Stanley Smith Barney.

Steps:

  • 1. Call the John Locke Foundation at 866-JLF-INFO to let us know that you would like to make a gift of stock.
  • 2. Provide your name, your phone number, the name of the stock you are giving, and the number and type of shares you are transferring (e.g., 20 shares of Microsoft). It is important we have this information so we can verify the transfer was completed and credit you with your tax-deductible donation.
  • 3. Call your broker with the information below and ask your broker to make the transfer to our account at Morgan Stanley Smith Barney.

Name on account:

John Locke Foundation
200 W. Morgan, #200
Raleigh, NC 27601
919-828-3876

Account number: 606-14923-17-268

Bank information:

Morgan Stanley Smith Barney
DTC # 0418
PO Box 11429
Charlotte, NC 28220
704-331-2220

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Planned Gifts:

Disclaimer

The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to JLF. We would be pleased to discuss, in confidence, ways in which you may support JLF. These measures may also have an impact on your estate planning.

Bequests:

Through various types of bequests to JLF, you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come.

You may prefer to state in your will or trust a sum of money, a percentage of your estate, a specific item, a work of art, or real estate that you wish to give to JLF.

Whatever form of bequest you choose, it is not subject to estate or inheritance taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.

Charitable Remainder Trusts:

This is a gift plan defined by federal tax law that allows you to provide income to yourself or others while making a generous gift to JLF. You irrevocably transfer assets, usually cash or securities, to a trustee of your choice. The Trust may become effective through outright transfers during your lifetime or through transfers at death under your will.

Life Insurance Policies:

An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).

Life insurance can also be used to replace an asset that has been given to JLF. How it works: After a donor makes a gift to JLF, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.

If you are considering this method, please read more about the Legacy Society.

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IRA and Other Retirement Plans:

You may consider using retirement-plan benefits to make a significant gift that will support JLF. And because of the estate and income-tax treatment of retirement-plan benefits, the cost of your gift to your estate and heirs is often relatively small.

Retirement-plan benefits include assets held in individual retirement accounts (IRAs) and assets held in accounts under 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.

Income taxes on retirement-plan benefits are deferred but not avoided. That means that, as these assets are withdrawn during retirement by the account owner or the account owner's spouse, they are subject to income tax.

In addition, retirement-plan benefits left to children, grandchildren, and other beneficiaries at the death of the account owner are subject to both income tax and estate tax. This combination of income taxes and estate taxes can result in a tax hit equal to 60% or more of the retirement-plan benefits.

Read more about IRA Options

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Matching Gifts:

Many employers sponsor matching gift programs and will match any charitable contributions made by their employees. To find out if your company has a matching gift policy, please contact your employer.

If your company is eligible, request a matching gift form from your employer, and send it completed and signed with your gift. We will do the rest. The impact of your gift to the John Locke Foundation may be doubled or possibly tripled! Some companies match gifts made by retirees and/or spouses.

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Real Estate:

The rules about giving real estate are essentially the same as for gifts of securities. Almost any type of real estate may be donated: undeveloped land, farms, commercial buildings, vacation homes, or your residence.

If you are considering this method, please read more about the Legacy Society.

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Closely Held Stock:

A business owner who contributes closely held stock to JLF will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gains tax on any appreciation in the value of the stock.

Subsequent to the gift, the corporation could purchase the stock from JLF for cash. This not only enables the donor to retain complete control over the company but also makes cash available to JLF for its current needs. As long as JLF is not obligated to sell the stock to the corporation, the transaction should produce no adverse tax results.

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