Benefits of a beneficiary designation gift
- Support a cause you care about
- Keep using your account(s)/policies as long as you need
- Simplify your estate planning process and avoid expensive legal fees
- Help your family avoid a tax burden on your passing
- Benefit from an estate tax charitable deduction
How a beneficiary designation gift works
- To make your gift, contact the person who helps manage your account or insurance policy (e.g., your insurance agent, broker, or banker).
- Tell them you are updating your estate plan, and ask them to send you a new beneficiary designation form.
- Complete the form, sign it, and mail it back to your broker, banker, or agent.
- Notify the American Brain Foundation of your gift so we can thank you personally and plan for how your gift will support the future of brain disease research.
- Upon your death, your account or insurance policy will be paid or transferred to the American Brain Foundation, consistent with your wishes.
Interested in making a gift, but concerned about your future needs? Bear in mind that beneficiary designations are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment, or bank accounts and continue to use them freely—they are still yours while you are living. You can also change your mind at any time in the future for any reason, including if your needs or wishes change.