more ways to give

You can name the Holocaust Remembrance Association as the beneficiary of your 401(k), IRA, Keogh, or other retirement plan. Your heirs will also avoid a twofold taxation on retirement plan assets.

Naming the Holocaust Remembrance Associationas a beneficiary of your life insurance policy is an excellent way to make a major gift. If you are carrying more life insurance coverage than your obligations require, consider naming the Holocaust Remembrance Association the irrevocable owner and beneficiary of your surplus policy.

The gift of a fully paid policy produces a charitable deduction in the amount of the policy’s cash surrender value with no additional cost to you. You may also designate the Holocaust Remembrance Association as a revocable beneficiary, or transfer ownership of the policy to the Holocaust Remembrance Association. With a transfer, you can immediately deduct the current value of the policy from your income taxes, and if you are still paying premiums, you can deduct the cost of those premiums each year.

You can name the Holocaust Remembrance Association as the beneficiary on your bank account, U.S. savings bonds, or U.S. Treasury securities. Your bank can set up a “Totten Trust,” which is an informal arrangement that keeps you in control of your assets during your lifetime. Your accounts do not enter probate and your assets automatically pass to the Holocaust Remembrance Association.

Charitable gift annuities, charitable remainder trusts, charitable lead trusts, and other vehicles for planned giving can reduce your potential tax liability and allow you and your heirs more flexibility in your giving.

A donor-advised fund is an investment account established by you exclusively for charitable gifts. Contributions to the fund are tax-deductible, and the assets in the donor-advised fund grow tax-free. You may make grant recommendations to a variety of local or national nonprofit organizations, and your intent for charitable giving is respected during and after your lifetime.