The IIA Research Foundation Estate Planning - Heritage Circle

Your Will Can Make a Difference
The most common method of deferred charitable giving is that of a bequest (i.e. a gift through one's will).

Including The IIA Research Foundation in your will can be a convenient way to leave a lasting legacy to the internal audit profession.

Tax-deductible contributions and gifts to the Foundation may be made in two categories: restricted and unrestricted. Restricted donations are designated by the contributor and earmarked for a specific research project or educational program. Unrestricted contributions are used to meet auditing research and educational objectives as authorized by The IIA Research Foundation Board of Trustees. These objectives would include funding research projects, sponsoring forums and symposiums, awarding research and doctoral dissertation grants, and assisting internal audit educational programs in colleges and universities.

Other giving options you may want to consider include life insurance gifts, annuity trusts, Unitrust, short-term trust, retained life estate, or revocable trust.

We recommend that you consult with your attorney about the best way to use your will, trust, insurance policy or other estate plan to support the Research Foundation. Your attorney can provide you with details about the estate tax benefits that can result from your bequest. The Foundation is tax exempt under Section 501(c)(3) of the U.S. Internal Revenue Code, so direct bequests to the Foundation are fully deductible for estate tax purposes.

These phrases are merely suggestions as to content and should be written or adapted by legal counsel to fit your individual situation.

Unrestricted Bequest
"I give to The Institute of Internal Auditors Research Foundation, Altamonte Springs, Florida (include here the dollar amount or percentage of the estate or an accurate description of the securities, real estate, or other property to be given)   to be used for the support of the Foundation's programs."

Restricted Bequest
"I give to The Institute of Internal Auditors Research Foundation, Altamonte Springs, Florida (include here the dollar amount or percentage of the estate or an accurate description of the securities, real estate, or other property to be given) to be used for (include here a description of the specific purpose).

"Should this (list specific purpose) be otherwise provided for in advance of this bequest, or if circumstances make this gift for such a purpose impractical, the Foundation may, by a vote of the Board of Trustees, use the sum for such other purpose or purposes which the board feels most nearly fulfills my wishes as stated above."

Residuary Bequest
"I give to The Institute of Internal Auditors Research Foundation, Altamonte Springs, Florida all (or ____%) of the rest, residue and remainder of my estate to be used for the support of the Foundation's programs."

Named Endowment Fund
"I give to The Institute of Internal Auditors Research Foundation, Altamonte Springs, Florida, (include here the dollar amount or percentage of the estate or an accurate description of the securities, real estate, or other property to be given) to establish a permanent fund to be known as The _____________ Fund, the income of which shall be used for its general purposes (or specify the purpose or program for which the gift is to be used)."

Click here to sign up, or to let us know if you have already included The IIA Research Foundation in your estate plan.

For More Information:
The IIA Research Foundation
247 Maitland Avenue
Altamonte Springs, FL 32701-4201 USA
E-mail: research@theiia.org
Tel:  +1-407-937-1356
Fax: +1-407-937-1101