PLAN YOUR LEGACY TODAY
When you include USA Cycling Foundation in your estate plans, your generosity pays it forward to support development programs, training and competition opportunities, and ultimately, future generations of World, Olympic and Paralympic champions.
Leave a lasting legacy that reflects your passion for cycling and start planning your legacy today with USA Cycling Foundation. Work with your financial advisor or estate planner to find a charitable plan that lets you provide for your loved ones and support our athletes and programs. The following are some of the easiest ways to create your legacy.
A GIFT FROM YOUR WILL OR TRUST
A gift from your will or trust is the most common way to ensure that your support of USA Cycling Foundation continues beyond your lifetime and benefits future generations. Three simple options for this type of bequest include:
- Name USA Cycling Foundation to receive a specific amount or percentage of your estate.
- Leave USA Cycling Foundation what’s left over after your loved ones are provided for with a residuary bequest.
- Name USA Cycling Foundation a contingent beneficiary if your loved ones predecease you.
BENEFICIARY DESIGNATIONS
You can also designate the USA Cycling Foundation as a beneficiary or contingent beneficiary of all or a portion of various assets including:
IRAs and retirement plans
Life Insurance policies
Donor Advised Funds (DAFs)
Annuity or bank account
Please check with your attorney or financial institution for more information.
IRA CHARITABLE ROLLOVER
Make a difference today and save on taxes with a gift from your IRA.
If you are 70½ years old and older you can give any amount (up to a maximum of $111,000) this year from your IRA directly to a qualified charity such as USA Cycling Foundation without having to pay income taxes on the money. This popular gift option is commonly called the “IRA charitable rollover”, but you may also see it referred to as a “qualified charitable distribution”, or QCD for short.
If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
SAMPLE LANGUAGE
If you wish to include a gift to USA Cycling Foundation in your will, trust or by beneficiary designation, please use the following language:
“I give to USA Cycling Development Foundation (EIN 84-1529751), a nonprofit corporation currently located at 210 USA Cycling Point, Colorado Springs, CO 80919, or its successor thereto, ______________ [written amount or percentage of the estate] for its unrestricted use and purpose.”
Legal Name: USA Cycling Development Foundation
Tax ID Number: 84-1529751
Address: 210 USA Cycling Point, Colorado Springs, CO 80919
Already Have Us in Your Estate Plans?
If you have already made a gift to USA Cycling Foundation in your will, trust or by beneficiary designation, please let us know. We would be honored to recognize your generosity, and sharing this information helps ensure your wishes are carried out exactly as you intend. Any details you share will be kept confidential and we fully respect any desire to remain anonymous.
For more information or assistance in crafting your personal legacy, please contact us at gifts@usacycling.org or (719) 434-4222
Disclaimer: Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.