ways to give

At Chicago Child Care Society, we believe a strong foundation creates the best chance for life success. Our work harnesses the potential of children, youth, and families to reach their life goals.  We help build a sturdy footing by supporting educational success, economic security, and positive health and wellbeing for those we serve. Your gifts support current and future CCCS programs and services.

For information about ways to give, contact Debra Schlies at dschlies@cccsociety.org 

Your Gifts


Donations make it possible for CCCS to provide critical resources to those we serve. Many employers support the community involvement efforts of their employees by providing matching charitable gifts. Check with your employer to see if they will match your contribution to CCCS.

To make an online contribution to CCCS through our secure server, click here. 

If you prefer to mail in your donation, make your check payable to Chicago Child Care Society (or CCCS). Please mail it to:


Chicago Child Care Society

Attn:  Development Department
5467 S University Ave
Chicago, IL  60615
 

Donor Advised Fund Information:
Legal Name: Chicago Child Care Society
Tax ID Number: 36-2166998
Incorporated in: August 1849
Address: 5467 S. University Ave. Chicago, Illinois 60615
Phone: (773) 643-0452


In-Kind Contributions

Donated items make a significant difference for our clients. When you’re shopping online, please visit our Amazon Wishlists and consider adding some items that will ship directly to CCCS:

 

Diapers and Infant Formula

Beginner Books

Young Reader Books

Series Books

Young Adult Books

Winter Wear (hats, gloves, coats)


Planned Gifts

We are forever grateful for our supporters who help us build current and future programs for children, young adults and families to reach their dreams. By communicating your intention to leave a gift to Chicago Child Care Society in your estate plans, you join the Ruth C. Bamford Legacy Society.

 

How does CCCS use planned gifts?  

Over the years, CCCS has been able to support new and ongoing programs for our families through planned gifts. You can make a planned gift in honor or in memory of a loved one - someone who cared about CCCS and benefited from its important work, someone who would want CCCS’ work to continue.

 

Wills and Trusts

The most common form of charitable bequest comes from a donor’s will or trust where CCCS has been named as a beneficiary, partial beneficiary or contingent beneficiary.

 

Insurance, Savings and Investment Accounts

Most of your financial assets and accounts will ask you to “please list your beneficiaries.” At your job, you may be asked every year to update the beneficiaries on your life insurance and pension account. If you have an IRA, you listed beneficiaries and for investment accounts, securities funds, and most bank accounts, too. Every time you are asked to list beneficiaries, consider including CCCS. The amount could be 5% or 100% after you provide for your other beneficiaries, and your beneficiaries can be changed at any time.

 

Talk to your financial advisor about using your retirement assets as charitable gifts. The value of an IRA is subject to income tax on the decedent’s final income tax return and possibly other taxes depending on the size of the estate. IRA amounts paid to beneficiaries are also subject to income tax upon receipt. However, if the decedent designates a charity as beneficiary of retirement plan funds, he can avoid taxes on part or all of the funds.

 

Donating IRA Distributions

In 2015, Congress made permanent a provision that individuals age 70-1/2 or older can make donations up to $100,000 directly from their IRA accounts to one or more charities. The gift passes directly from the IRA to the charity, therefore, is not counted as income and receives no charitable deduction. However, the taxes on the distribution are avoided.

 

Talk to your plan administrator about any special rules on your account before making your distribution. Your plan administrator will likely send a check to CCCS on your behalf. However, if an electronic transfer is preferred, please contact Deb Schlies.


Stock Donations

The following is an illustration of making a donation of appreciated stock versus making an outright gift of cash. By giving stock instead of cash, the net cost to the donor of this gift is reduced from $6,500 to $4,900.
 

Giving Cash

Suppose you would like to make a $10,000 gift to Chicago Child Care Society. If you write a check for $10,000, you will receive a $10,000 charitable income tax deduction. If you are in a 35% income tax bracket (federal and state) and itemize your deductions, you will reduce your taxes by $3,500 ($10,000 x 35%). The net cost of your gift will be $6,500 ($10,000 - $3,500).
 

Giving Appreciated Securities

Now, suppose instead of giving cash, you donate $10,000 of publicly-traded stock you purchased ten years ago for $2,000. First, just like a gift of cash, you will be able to claim a $10,000 income tax charitable deduction, thereby reducing your taxes by the same $3,500. In addition, you will avoid paying the capital gains tax you would have paid if you had sold the stock rather than giving it to charity.

If you sell the stock, you will realize an $8,000 long-term capital gain. If you are in a (federal and state) 20% capital gains tax bracket, you will pay $1,600 ($8,000 x 20%) in capital gains tax. However, by donating the stock instead, you will forever eliminate this potential tax liability.

Blue.png

Donor Advised Fund

Donors may recommend grants from their DAF to IRS-approved 501(c)(3) public charities. Fund administrators have access to a database of more than one million U.S.-based charities for researching qualified charitable organizations. Chicago Child Care Society is a qualified charity.
 

Donors can make contributions from their DAF to  Chicago Child Care Society as 1) a one-time gift, 2) an annual gift, or 3) a beneficiary of part of the DAF after the donor is deceased. Donors may not use their DAF to pay for event tickets or other gifts where they receive goods or services.

 

In the event a fund administrator requests information about Chicago Child Care Society, the following is frequently requested:

 

Legal Name: Chicago Child Care Society

Tax ID Number:  36-2166998

Incorporated in: August 1849

Address: 5467 S. University Ave. Chicago, Illinois 60615

Phone: (773)643-0452

Charitable Gift Annuities and Charitable Trusts

Ask your financial advisor how you can benefit your family and Chicago Child Care Society with a CGA or charitable trust.

 

This may be an excellent way to make a charitable gift while retaining monthly income for yourself or assets for your beneficiaries. Following are two examples:

 

An apple tree is a perfect analogy to explain two common charitable gifts – a lead trust and a remainder trust. A "charitable lead trust" is a trust that provides payments for a fixed number of years, and at the end of that period, the trust terminates and the assets pass to the donor’s living beneficiaries. This is an example of giving the apples and keeping the tree: Sam gives $10,000 to a charitable lead trust he established, which provides an 8% donation to CCCS each year for 10 years. After 10 years, the trust terminates and its remaining assets pass to Sam’s designated children or grandchildren.

 

A "charitable remainder trust" is a trust that provides payments of income and/or principal to one or more designated beneficiaries for a fixed number of years or for life. At the end of the period, the remainder of the trust assets will pass to Chicago Child Care Society. This is an example of keeping the apples and giving the tree: Sam gives $10,000 to a charitable remainder trust he established, which provides 5% of its value to Sam’s son, Jim, during Jim’s lifetime. Upon Jim’s death, the trust will terminate and all the trust assets will pass to CCCS.

 

Grey.png