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 is very simple to name The Children's Inn at NIH as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.
See How It Works
Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.View My Guide
An Example of How It Works
Robert and Carol treasure the financial help they have been able to give their children and The Inn over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left The Inn a $75,000 IRA to be transferred following their lifetime. Because The Inn 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 an assumption of a 24 percent marginal income tax bracket.
- Contact the administrator of your retirement plan, insurance policy or bank account 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 The Children's Inn at NIH to receive and name us, along with the percentage you chose, on the beneficiary form. Return the completed form.
- Contact Liza Cole at 301-827-6088 or firstname.lastname@example.org to let us know your goals for the gift so we can ensure it is used as you intend.
Legal name: The Children's Inn at NIH
Address: 7 West Drive, Bethesda, MD 20814
Federal tax ID number: 52-1638207