Make a Future Gift of Retirement Assets
Search For My Custodian:
|IRA web page|
|Notify us of your Beneficiary Designation|
Thank you for considering a beneficiary designation gift to us. The website link will take you to your retirement plan custodian's website, where you may be able to log in and include Open Doors USA as a designated beneficiary. Another option is to use the phone number to call your retirement plan custodian. They will assist you in updating your beneficiary designation. If you would like to notify us of your generous beneficiary designation, please complete the Notify us of your Beneficiary Designation section.
|Your Address (Street or P.O. Box)|
|Notify us of your IRA gift|
|Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.|
Beneficiary Designation Gifts
A beneficiary designation gift is a simple and affordable way to make a gift to support Open Doors USA. You can designate Open Doors USA to receive part or all of your retirement, investment, bank, other financial account, or your life insurance policies.
Benefits of a beneficiary designation gift
- Support the causes that you care about
- Continue to use your account as long as you need to
- Simplify your planning and avoid expensive legal fees
- Reduce the burden of taxes on your family
- Receive an estate tax charitable deduction
- Maintain the ability to change the beneficiary designation while alive
How a beneficiary designation works
- To make your gift, contact the person who helps you with your account or insurance policy, such as your retirement account custodian, financial planner, 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 account custodian, financial planner, broker, banker or insurance agent.
- When you pass away, your account or insurance policy will be paid or transferred to Open Doors USA, consistent with your wishes as indicated on the beneficiary designation form.
Important considerations for your future
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.
If you have any questions about leaving a beneficiary designation gift to Open Doors USA, please contact us. We would be happy to assist you.
If you have already designated Open Doors USA as a beneficiary of an asset or as part of your estate plan, please let us know. We would like to recognize you and your family for your gift.
Flexibility—Most beneficiary designation forms are very flexible. You can name Open Doors as a "full" or "partial" beneficiary of your account or life insurance policy. You can also name Open Doors 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 Open Doors USA 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 Open Doors USA 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 of stocks, bonds or mutual funds.
Beneficiary Designations and Real Estate—Some states even allow "beneficiary designation deeds" or "transfer on death deeds," which would allow you to name Open Doors USA as the survivor beneficiary of your home, farm, or other real estate. As with other beneficiary designation gifts, these gifts are revocable by filing a revocation or new beneficiary designation deed.
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