Planned giving allows Armenian Americans to leave a pro-Armenian legacy for future generations. With the help of an attorney or tax professional, you can easily and quickly plan a gift to the ANCA Endowment Fund as part of your estate plan in a variety of ways:
1) Leaving a Bequest
A bequest is an easy, flexible way to make a lasting impact that can help you receive an estate tax charitable deduction and reduce your family’s tax burden. Include a bequest to the ANCA Endowment Fund in your will or revocable trust – in the form of a set dollar amount, a percentage of your estate, or a residual bequest, made from the balance of your estate.
The following are suggested language options for your legal professional to consider integrating into your will or trust:
a) Leaving a Set Amount:
I give, devise and bequeath to the ANCA Endowment Fund, 1711 N Street, NW, Washington, DC 20036, the sum of $________ (or here otherwise describe the gift) for its general purposes as shall be determined by its Board of Directors.
b) Leaving a Percentage:
All [or state a ____%] of the rest, residue, and remainder of my property, both real and personal and wheresoever situated, I give, devise and bequeath to the ANCA Endowment Fund, 1711 N Street, NW, Washington, DC 20036, for its general purposes as shall be determined by its Board of Directors.
c) Leaving Property:
I give, devise and bequeath to the ANCA Endowment Fund, 1711 N Street, NW, Washington, DC 20036, [here describe the gift, ex: real estate, property, stocks, and/or other financial instruments] for its general purposes as shall be determined by its Board of Directors.
2) IRA Rollover:
Designate the ANCA Endowment Fund as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension).
Congress has recently enacted a permanent extension of he IRA Charitable Rollover, which allows individuals age 70 1/2 or older to make charitable gifts directly from their IRA, such that these gifts count towards Required Minimum Distributions.
3) Life Insurance:
Name the ANCA Endowment as a beneficiary of your life insurance policy.