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 IPPFWHR.
- Percentage Bequest: Designates the percentage of your estate to IPPFWHR.
- Residuary Bequest: After all necessary costs and bequests to others have been satisfied, any remainder of your estate will be distributed to IPPFWHR.
- Contingent Bequest: Assumes you want to leave your entire estate to family and friends. However, if you outlive any beneficiary, you can instruct that IPPFWHR receive that portion of your estate.
Gifts By Beneficiary Designation
Naming IPPFWHR 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 IPPFWHR 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 IPPFWHR. 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.