Bequests and Legacy Gifts

A bequest is a gift from your estate – a transfer of cash, securities or other property. You can make a bequest to Accion by including language in your will or living trust, leaving a portion of your estate to Accion or designating Accion as a beneficiary of your retirement account or life insurance policy.

Remembering Accion with a bequest from your estate will help sustain and strengthen Accion for years to come. Some of the advantages of creating a bequest include:

  • A bequest costs nothing now, yet it gives you the satisfaction of providing for Accion in the future.

  • You retain control and use of your assets during your lifetime.

  • You may modify your bequest if circumstances change.

  • Gifts to Accion from your estate are exempt from federal estate taxes.

  • If you let us know of your plans, we will be honored to welcome you as a member of the the Recife Society.

Although an unrestricted bequest is of special value because it gives us the freedom to use the funds where they are needed most, many individuals understandably have special interests that they may wish to support. We suggest that you consult with our office to obtain appropriate language for the specific area that you’d like to support.

To assist you in preparing your bequest, we are happy to provide you with sample bequest language. (PDF)

Legacy Gifts

You can designate Accion as a beneficiary of a retirement plan, life insurance policy or donor advised fund. To do so, contact the appropriate fund administrator and complete a beneficiary designation form. Accion’s tax ID number is 13-2535763.

Retirement Plans
Designating Accion as a beneficiary of your retirement plan can be a tax-wise way to support our mission. Retirement plans provide you with a simple way to make a future gift to Accion. Assets that remain in your plan may be subject to significant estate and income taxes when passed to your heirs. Naming Accion as the beneficiary of your IRA, 401(k) or other similar plan can pass untaxed to Accion.

Life Insurance

Life Insurance can provide an opportunity for you to make a gift to Accion. Some individuals have life insurance policies whose benefits they no longer need. If this applies to you, you may want to consider naming Accion as the beneficiary and assigning us ownership of the policy. By doing this, you will receive a charitable deduction; and in removing the life insurance policy from your estate, you may also reduce your estate taxes.

If you are interested in learning more about gifts of life insurance, please contact us.

 

The examples and information on this page are for illustrative and educational purposes only and should not be considered tax or legal advice. Please consult with your tax or legal advisor before proceeding with your estate or gift planning.