Beneficiary Designation Gift
A beneficiary designation gift is a simple way to make a gift to support Alliance Defending Freedom by designating us as a beneficiary of your retirement, investment, or bank account, or your life insurance policy.
Many donors have found that contributing part or all of their unused retirement assets, such as an IRA, 401(k), 403(b), pension, or other tax-deferred plan, is a simple and effective way to make a meaningful gift to our organization.
Benefits of a beneficiary designation gift
- Support our mission for generations to come
- Continue to use your account as long as you need to
- Reduce the burden of taxes on your family
- Receive an estate tax charitable deduction
Benefits of beneficiary designation of retirement assets
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
Beneficiary designation video
Persons appearing in videos are not employees of Alliance Defending Freedom, but are presenters and voiceovers provided by Crescendo Interactive, Inc.
How to make a beneficiary designation gift
- To make a charitable beneficiary designation, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
- Ask them to send you a new beneficiary designation form.
- Complete the form, sign it and mail it back to your broker, banker, or agent.
- When you pass away, your account or insurance policy will be paid or transferred to Alliance Defending Freedom, consistent with the beneficiary designation.
- To make a charitable beneficiary gift of retirement assets.
- Contact your plan custodian.
- Ask them to send you a new beneficiary designation form.
- Complete the form, sign it, and mail it back to your plan custodian.
If you designate Alliance Defending Freedom as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Important considerations for all beneficiary designation options
If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.
- Flexibility—Most beneficiary designation forms are very flexible. You can name Alliance Defending Freedom as a "full" or "partial" beneficiary of your account or life insurance policy. You can also name Alliance Defending Freedom as a "primary" or "contingent" beneficiary.
- Family Considerations—Beneficiary designation gifts allow you to provide for family and support the causes that matter most to you. With a designation form you could, for example, name your spouse as the "primary" beneficiary and each of your children and Alliance Defending Freedom as "partial contingent" beneficiaries. With this arrangement, if your spouse survives you, he or she would receive the account. If not, the account or policy would be paid out to your children and Alliance Defending Freedom in whatever shares (or percentages) that you chose on the designation form.
- Terminology—Beneficiary designation gifts are simple and straightforward. Common terminology includes "beneficiary designation" but also includes "payable on death" or "transfer on death." The term "beneficiary designation" is most commonly used when naming beneficiaries of retirement plans or life insurance policies. The term payable on death (or POD) typically involves the designation of a beneficiary of a checking account, savings account or certificates of deposit, and transfer on death (or TOD) often involves the designation of a beneficiary for stocks, bonds or mutual funds.
Contact Us
If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.
If you have already designated us as a beneficiary of an asset or as part of your estate plan, please let us know. We would love the opportunity to thank you personally and welcome you into our Pillars of Freedom Legacy Community.
