Gifts by Wills and other deferred gifts provide DarusSalam significant support, but allow individuals to utilize income from their assets during their lifetime.
BEQUESTS BY WILL OR REVOCABLE "LIVING" TRUST
- The following language can be used one one’s Will or Revocable “Living” Trust:
I give, devise and bequeath to the Masjid DarusSalam, a 501(c)(3) charitable organization located in Lombard, IL, ONE-THIRD (⅓) of my residual estate.
Note: Please contact one of our scholars to ensure that your Will and/or Revocable “Living” Trust is in accordance with the Islamic Laws of Inheritance.
LIFE INCOME GIFTS
- Charitable gift annuity or charitable remainder trust may provide many tax benefits to a donor. The donor makes an irrevocable contribution to a trust, and receives income for life or a term of years. When the trust terminates, the remaining assets are generally given to Masjid DarusSalam. Contact us for more information on life income gifts.
GIFTS OF RETIREMENT PLANS
- You can name Masjid DarusSalam as a beneficiary of a retirement plan (e.g. IRA, SEP, 401(k), 403(b)). Masjid DarusSalam can help you change the beneficiary on your plan’s “Beneficiary Designation” form.
For more information on the above planned giving opportunities, please contact us at (630) 360-2373.