Wills, Trusts, Stocks & Estate Giving

Gifts of Stock

Your stock broker can assist you in making a gift of stock via a direct transfer to Susan G. Komen® West Texas. Giving a gift of publicly traded stock that has increased in value and that you have owned for more than one year may provide greater tax benefits than giving cash. Your charitable income tax deduction may be equal to the fair market value of the stock and you could avoid paying the capital gains tax on any increase in the current value over the original cost of the stock. You may also save by not incurring brokerage fees because you are transferring ownership rather than selling the stock.

If you would like more information on how to transfer a gift of stock to Komen West Texas, please contact us at (806) 698-1900.

Planned Gifts

Including Komen West Texas in your estate plan not only will make your philanthropic and charitable giving goals within reach, but it also will allow us to continue helping those with breast cancer in our community and fund research to find the cures.

Several options are available.

  • Make a planned gift by naming Komen West Texas as a beneficiary of your last will and testament.
  • Name Komen West Texas as the beneficiary of an asset that passes outside the terms of a will or a trust (e.g. life insurance, IRA, 401(k)).
  • Name Komen West Texas as a beneficiary of a charitable trust.
  • Make a general or restricted gift for education, screening, or treatment support.
  • Make a gift for a specific dollar amount or as a percentage of your estate.

Some giving strategies may have a greater tax benefit to you than others, so please consult with your attorney or financial advisor on which makes the most sense for you.

Below please find examples of specific language that you may use to name Komen West Texas as a beneficiary of your will, trust, life insurance policy, retirement assets, or other contractual gift.

If you, your attorney, or your financial advisor has any questions, please do not hesitate to call us at (806) 698-1900.

Specific Language for Gifts Under a Will

  1. GENERAL TESTAMENTARY GIFT: SPECIFIC MONETARY AMOUNT: I hereby give and bequeath _______________________ Dollars ($__________________) to the West Texas Affiliate of Susan G. Komen, of Lubbock, Texas, to be used for general purposes. In the event the West Texas Affiliate of Susan G. Komen is not in existence at the time of my death, then I hereby give and bequeath _______________________ Dollars ($__________________) to the national headquarters of Susan G. Komen, of Dallas, Texas, to be used for general purposes in the former service area of the West Texas Affiliate of Susan G. Komen.
  1. GENERAL TESTAMENTARY GIFT: PERCENTAGE OF RESIDUE OF ESTATE: I hereby give and bequeath ________ percent (_____%) of the rest and residue of my estate to the West Texas Affiliate of Susan G. Komen, of Lubbock, Texas, to be used for general purposes. In the event the West Texas Affiliate of Susan G. Komen is not in existence at the time of my death, then I hereby give and bequeath ________ percent (_____%) of the rest and residue of my estate to the national headquarters of Susan G. Komen, of Dallas, Texas, to be used for general purposes in the former service area of the West Texas Affiliate of Susan G. Komen.
  1. RESTRICTED TESTAMENTARY GIFT: SPECIFIC MONETARY AMOUNT: I hereby give and bequeath _______________________ Dollars ($__________________) to the West Texas Affiliate of Susan G. Komen, of Lubbock, Texas, to be used for [insert donor restriction]. In the event the West Texas Affiliate of Susan G. Komen is not in existence at the time of my death, then I hereby give and bequeath _______________________ Dollars ($__________________) to the national headquarters of Susan G. Komen, of Dallas, Texas, to be used for [insert donor restriction] in the former service area of the West Texas Affiliate of Susan G. Komen.
  1. RESTRICTED TESTAMENTARY GIFT: PERCENTAGE OF RESIDUE OF ESTATE: I hereby give and bequeath ________ percent (_____%) of the rest and residue of my estate to the West Texas Affiliate of Susan G. Komen, of Lubbock, Texas, to be used for [insert donor restriction]. In the event the West Texas Affiliate of Susan G. Komen is not in existence at the time of my death, then I hereby give and bequeath ________ percent (_____%) of the rest and residue of my estate to the national headquarters of Susan G. Komen, of Dallas, Texas, to be used for [insert donor restriction] in the former service area of the West Texas Affiliate of Susan G. Komen.

Specific Language for Gifts from a Trust

[Insert contingency], the Trustee shall distribute ________________ Dollars ($__________________) to the West Texas Affiliate of Susan G. Komen, of Lubbock, Texas, free and clear of trust, to be used for general purposes. In the event the West Texas Affiliate of Susan G. Komen is not in existence at the time of this distribution, the Trustee shall distribute _______________________ Dollars ($__________________) to the national headquarters of Susan G. Komen, of Dallas, Texas, free and clear of trust, to be used for general purposes in the former service area of the West Texas Affiliate of Susan G. Komen.

Specific Language for Contractual Gifts (life insurance, IRA, 401(k))

In order to clarify the intention of the donor, the contractual instrument governing the asset should set forth the following as the official recipient of the gift:

The West Texas Affiliate of Susan G. Komen, of Lubbock, Texas.

In the event the West Texas Affiliate of Susan G. Komen is not in existence, then to the national headquarters of Susan G. Komen, of Dallas, Texas, for the benefit of the former service area of the West Texas Affiliate of Susan G. Komen.

General Information

Below please find some general information that may be beneficial to you in finalizing your estate plan.

Legal Name

  • Lubbock Area Affiliate of the Susan G. Komen Breast Cancer Foundation, Inc. d/b/a West Texas Affiliate of Susan G. Komen for the Cure

Incorporation Details

  • 501(c)(3) organization, classified as a public charity, exempt from federal income tax
  • Texas non-profit corporation
  • Mailing Address: 1655 Main Street #203, Lubbock, TX 79401

Federal Employer Tax ID#

  • 75-2509762