Your will or trust is a reflection of your values. A gift by bequest through your will or living trust will provide for your loved ones and create a legacy for future generations. Bequests in a will or trust are one of the most common ways of making a legacy gift:
- Specific Bequest: Designates a specific dollar amount/asset to IPPF/WHR.
- Percentage Bequest: Designates the percentage of your estate to IPPF/WHR.
- Residuary Bequest: After all necessary costs and bequests to others have been satisfied, any remainder of your estate will be distributed to IPPF/WHR.
- Contingent Bequest: Assumes you want to leave your entire estate to family and friends. However, if you outlive any beneficiary, you can instruct that IPPF/WHR receive that portion of your estate.
Gifts By Beneficiary Designation
Naming IPPF/WHR as a beneficiary of a retirement plan, life insurance policy, brokerage or bank account is a generous way to support our shared vision for future generations.
Qualified retirement plans and life insurance policies are non-probate assets. This means you can make a gift through a beneficiary designation, even if you don’t have a will. Any remaining amount, or the insurance proceeds, will be distributed to the people and/or organizations you’ve named as beneficiaries.
You can request a Change of Beneficiary Form from your plan administrator and add IPPF/WHR as a full or partial beneficiary with the following information:
Tax ID Number: 13-1845455
Since we are a tax-exempt organization, 100% of your gift passes to IPPF/WHR. Beneficiary designations can be changed at any time and for any reason. We deeply respect your right to do so.
|Net to Beneficiary||$63,000||$100,000|
|*Based on 2018 maximum income tax rate of 37%.|
Many states allow you to name an organization as a beneficiary of almost any financial account: brokerage, savings, checking, credit union savings, etc. As with your retirement plan, you can contact your account administrator for a Change of Beneficiary Form.