- Leave a bequest in your will or trust. This costs you nothing now and can be made at any age or income level. Your bequest may be made for a specific dollar amount, a percentage of your total estate, or the residual amount (after expenses have been paid).
- Make a gift directly from your IRA. If you’re age 70 ½ or older, you can save on income tax by making a donation to the AOF directly from your Individual Retirement Account (IRA).
- Make a gift by beneficiary designation. Name the AOF a beneficiary of any of these types of accounts, and you can help the AOF for years to come:
- Retirement Accounts
- Life Insurance Policies
- Bank or Brokerage Account
- Certificates of Deposit
- Donor Advised Funds
- Common Stock
As with any planned gift, please consult with your attorney and/or tax advisor before making any decision.