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DownloadMake a Gift in Three Easy Steps
Not everyone wants to commit to making a gift in their will or estate. 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 the Asian Art Museum Foundation 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.
See How It Works
An Example of How It Works
Rob and May treasure the financial help they've been able to give their children and the museum over the years. The couple recently updated their will to leave stocks and real estate to their children and a $75,000 IRA to the museum. Because the museum is tax-exempt, all $75,000 will help support our mission.
If they 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. Rob and May 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.
Learn More
Download a free guide Beneficiary Designations: The Easiest Ways to Leave Your Legacy.
View My GuideGifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
Photographs © Asian Art Museum | © Natalie N Photography
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.