Other Ways to Give
Thank you for considering a gift to AUI. We know an outright donation is not always possible. These are other ways you can support our mission:
Making a gift to AUI in your will or trust is one of the easiest ways to support our mission. To leave an outright gift of cash, securities, or other property to AUI by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate, you can customize the statement below in your will:
“After taking care of all expenses, debts, and other provisions, I give, devise and bequeath ___ percent of the rest and residue [or $___ if a specific amount] to Associated Universities, Inc., Federal Tax Identification Number (EIN) 11- 1630900, a charitable organization currently with administrative offices at 1400 16th Street NW, Suite 730,Washington, D.C., 20036.”
If you already have a will, you can easily amend it by using a codicil. A codicil is a document your attorney can prepare to amend your will or trust without rewriting the entire document. The codicil adds a new gift to AUI while reaffirming the other terms of your will.
Gifts by Beneficiary Designation
You can also designate AUI as a beneficiary of a retirement, investment, or bank account or your life insurance policy.
Complete and return to the insurance company a form (provided by them) designating that AUI receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming AUI as the beneficiary, you can transfer ownership of the policy.
CDs, Bank Accounts and Brokerage Accounts
Naming a charity, like AUI, as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to make a gift. The beneficiary you name has no rights to the funds until after your lifetime.
You can leave your savings bonds to AUI in your will. By doing so, you and your heirs will avoid taxes on the interest. Naming us as a beneficiary ensures that 100 percent of your gift will support our work.
Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. Please consider naming AUI as a successor of your account or a portion of your account value.
Qualified Charitable Distribution (IRA Rollover)
If you are age 72 or older, you may make a direct transfer of funds – up to $100,000 – from your IRA to a charitable organization like AUI. Gifts like this – a qualified charitable distribution (QCD) or IRA rollover – are excluded from your taxable income, and count toward your required minimum distribution (RMD). Contact Matt Schaub, [email protected], for a letter template that you can send your plan administrator to make the transfer.