Make a Gift in 3 Easy Steps
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name Arden Wood as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Choose the percentage (1-100%) you would like to designate to Arden Wood, and then list both Arden Wood and the percentage on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
An Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and Arden Wood over the years. The couple recently updated their will to leave stocks and real estate to their children and a $75,000 IRA to Arden Wood. Because Arden Wood is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on a 24 percent marginal income tax bracket.
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- Contact Christopher Minnes at 415-379-2116 or firstname.lastname@example.org for additional information on beneficiary designations and how they can help support Arden Wood with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name Arden Wood in your plans, please use our legal name and federal tax ID.
Legal Name: Arden Wood, Inc.
Address: 445 Wawona Street, San Francisco, CA 94116
Federal Tax ID Number: 23-7334055
Download our FREE guide Beneficiary Designations: The 3 Easiest Ways to Leave Your Legacy.View My Guide