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
- Donor advised funds
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name AAPM as a beneficiary:
- Contact the administrator of your retirement plan, insurance policy, bank account or donor advised fund for a change-of-beneficiary form or simply download a form from your provider's website.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, 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 AAPM over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left AAPM a $75,000 IRA to be transferred following their lifetime. Because AAPM is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, then there would have been federal tax consequences. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
See How It Works
- Contact Justin Stewart at (571) 298-1254 or firstname.lastname@example.org for additional information on beneficiary designations and how they can help support AAPM 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 AAPM in your plans, please use our legal name and federal tax ID (both listed at right)(both listed below).
Legal Name: American Association of Physicists in Medicine
Address: 1631 Prince Street, Alexandria, VA 22314
Federal Tax ID Number: 23-7057224