Beneficiary Gifts
Make a legacy gift by updating the beneficiaries of your plans.
A simple way to make a legacy gift is to name a charitable organization a beneficiary of a retirement plan, life insurance, brokerage account or any account requiring a beneficiary. You can choose to name APsaA a full or partial beneficiary. Simply fill out a “change of beneficiary” or TOD form online. In some cases, you can download a form and return it to your plan provider.
If you make a beneficiary gift, please let APsaA know and you will be invited to join our Legacy Society. All information regarding planned gifts is held in the strictest of confidence and you can choose to have your gift remain anonymous.
Retirement Plans
Your IRA, 401k, 403b, or other retirement plan is a practical way to leave a legacy. You can name APsaA a full or partial beneficiary on a “change of beneficiary form.” Did you know retirement plans left to individuals or family trusts are some of the most heavily taxed upon death with up to 70% of a plan’s value lost to taxes. As a 501(c)(3) charitable organization, APsaA receives assets free of taxes.
Life Insurance
You can leave a legacy by donating a paid-up insurance policy you may have outgrown, or by naming APsaA as a beneficiary. Life insurance paid to a charity is not subject to Federal estate tax and you may receive a tax deduction for premium payments.
Bank and Brokerage Account
When you open a checking, brokerage or any account where you name a beneficiary, an option is to make a nonprofit organization a beneficiary. Often, people forget to update the beneficiary of the account after a life-changing event like a divorce or when a loved one has passed, so it’s important to keep your beneficiaries up to date.
For questions about making a gift to APsaA, contact Tom Newman at (212) 752-0450 or tnewman@apsa.org
Thank you for your charitable gift to APsaA, a 501(c)(3) nonprofit organization. Contributions are tax deductible to the fullest extent of the law. Information on this site is for educational purposes only and not to be considered legal or tax advice. Please consult your professional advisors when making decisions.