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Bequests

Many generous donors have made bequests to secure the future of HUMAA. A bequest can be accomplished in many ways, including through a will, codicil, or revocable trust, or by naming HUMAA as the beneficiary of a retirement plan or insurance policy. Bequests can be made with assets such as cash, publicly traded securities, and real estate and can benefit any area of HUMAA, including endowed scholarships.

Sample Bequest Language

The following includes several examples of suggested bequest wording to benefit HUMAA. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your bequest with HUMAA to ensure that your wishes will be properly followed and recognized.

Percentage of Estate for Unrestricted Purposes
Percentage of Estate for Specific Purposes with an Endowment Provision
Specific Amount for Unrestricted Purposes
Specific Amount for Specific Purposes
Retirement Plan Beneficiary Language

You may name HUMAA as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming HUMAA as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming HUMAA as a beneficiary of a retirement plan, you maintain complete control over the asset while living. At your death the plan passes to HUMAA free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify HUMAA. We can also assist you with the proper language for your beneficiary designation to HUMAA.

Customized Language

If you or your attorney would like HUMAA to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.

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