Beneficiary Designation (3/16/2005)
Legacy of Liberty ChallengeImagine, by putting plans in place for a bequest through your will or trust, being able to channel up to $10,000 in immediate cash support to the ACLU Foundation to be used to fight current threats to individual liberty. Learn more about how your gift for the future can defend freedom today. |
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A gift to the ACLU Foundation through your life insurance policy or retirement plan is a simple and meaningful way to help ensure a strong future for individual rights. After your lifetime, these assets will transfer directly to the ACLU Foundation without going through probate. Once you decide to designate the ACLU Foundation as a beneficiary of your life insurance policy or retirement plan, simply provide the address and tax identification number, as follows, on your beneficiary designation form. American Civil Liberties Union Foundation, Inc. 125 Broad Street, 18 th Floor New York, New York 10004 Tax ID# 13-6213516 A Tax Note: Gifts of life insurance policies and retirement plans are considered non-probate assets and automatically bypass probate court. They are, however, subject to potential taxes, just like any property you own upon your death. Designating the ACLU Foundation as a beneficiary of your life insurance policy or retirement plan may allow you to avoid taxes that could apply if you were to leave these assets to heirs other than your spouse. Although both the ACLU and ACLU Foundation accept gifts through retirement plans and insurance policies, there is an important difference between the two organizations that may impact how you and your estate are taxed. The ACLU and the ACLU Foundation are two separate but related legal entities, each with a different tax status. Contributions and bequests to the ACLU are not tax-deductible. Contributions and bequests to the ACLU Foundation, however, are tax-deductible to the full extent permissible under the law. Learn more about the differences between these two organizations. For more information on making a bequest to the ACLU Foundation, please complete the Planned Giving Inquiry Form. You may also contact the Office of Gift Planning, toll-free, at 877-867-1025, or by e-mail at DeSilver@aclu.org.
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