Create Your AWHONN Legacy
Every day, AWHONN nurses make a difference in the lives of women, newborns and families. And, every day, your support makes a difference for the nurses of AWHONN and the women, newborns and families they care for. By making a legacy gift, you will ensure that AWHONN will continue to improve and promote the health of women and newborns and strengthen the nursing profession for future generations.
AWHONN Legacy Donors
Click on the names below to see why others give their legacy.
There are many ways to create your AWHONN legacy that:
- Require no immediate donation. The asset you donate transfers to AWHONN only at the time of your death;
- Maintain your ability to change your mind at any time. You are not locked into a decision you make today;
- Are welcome in any amount; and
- Enable you to make both your loved ones and AWHONN your beneficiaries.
Here are some of the most popular legacy gifts.
Gift in Your Will or Trust
A charitable bequest is one of the easiest and most flexible ways you can leave a gift to AWHONN. With the help of an attorney or tax advisor, you can include language in your will or trust specifying a gift be made to family, friends or AWHONN as part of your estate plan.
- Gift a specific dollar amount or asset
- Gift a percentage of your estate
- Gift from the balance or residue of your estate
- Make a beneficiary designation of certain assets
Here is suggested language to include in your will or trust:
- A fixed amount of money or a designated property
“I give to the Association of Women’s Health, Obstetric and Neonatal Nurses (AWHONN), tax identification number 52-1788738, located at 1800 M Street, N.W., Suite 740 S in Washington, DC, 20036, $_________ (or describe the real or personal property, including exact location.)”
- A percentage of the estate
“I give to the Association of Women’s Health, Obstetric and Neonatal Nurses (AWHONN), tax identification number 52-1788738, located at 1800 M Street, N.W., Suite 740 S in Washington, DC, 20036, ________% of my estate."
- A residual bequest:
"I give all the residue of my estate, including real and personal property to the Association of Women’s Health, Obstetric and Neonatal Nurses (AWHONN), tax identification number 52-1788738, located at 1800 M Street, N.W., Suite 740 S in Washington, DC, 20036.”
- Beneficiary Designation in IRA, Retirement Plan or Insurance Plan
$____ or ____% to the Association of Women’s Health, Obstetric and Neonatal Nurses (AWHONN), tax identification number 52-1788738, located at 1800 M Street, N.W., Suite 740 S in Washington, DC, 20036
Estate gifts and beneficiary designations can be dedicated toward a specific purpose or may be unrestricted for general use by AWHONN. To have your gift applied to a specific program, please add "...for the benefit of (name of program)" to the language suggested above.
Retirement assets can be donated to AWHONN. These funds grow tax-free, until the time of withdrawal. Using these assets, you are able to contribute generously to AWHONN as well as provide for your loved ones. Many taxes on these plans can be avoided or reduced through a charitable gift.
- Outright gift through beneficiary designation
Name AWHONN as the beneficiary or contingent beneficiary of your retirement assets after your lifetime. When a retirement account is left to a charity, the organization does not pay any income tax whereas your heirs may pay income tax if they inherit your retirement funds. Your retirement plan’s administrator can provide a beneficiary form for you to name AWHONN as your sole or partial beneficiary.
- Special tax-free IRA gifts
For those aged 70½ or older, it is once again possible to make tax-favored charitable gifts from traditional and Roth IRA accounts. On December 18th, Congress passed legislation retroactively extending the charitable IRA rollover for 2015 and makes this provision permanent for future years. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to AWHONN free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift. To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.
- Charitable remainder trust after a donor’s lifetime
Name a trust as the beneficiary of excess or unused retirement assets. After your lifetime, the trust can provide income to heirs for a period of years, after which time the trust monies can fund charitable endeavors. Since it is a charitable trust, there can be more money available to generate income for heirs.
There are a number of ways to support AWHONN with an insurance-related gift.
- Add a beneficiary to your policy
You can make a change to the beneficiary/beneficiaries of your insurance policy without changing your will or other aspects of your estate plan. Ask your insurance company for a form that will allow you to make AWHONN a beneficiary of your insurance policy.
- Give a paid-up policy
You can transfer ownership of a paid-up life insurance policy to AWHONN. After the transfer, AWHONN can elect to either cash in the policy or keep the policy and receive the death benefit later. You would receive an immediate income tax deduction for either the cash surrender value or the basis (usually the cost), whichever is less.
- Making AWHONN the owner and beneficiary
You can take out a policy and make AWHONN the owner and beneficiary. Premium payments can be made by you directly to the insurance company or by AWHONN, by way of your annual gift to the organization. You can take an income tax deduction for the premiums paid.
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is a life-income arrangement that provides you and/or other beneficiaries with a stream of income for life or for a period of years. After the trust terminates, the principal, or “remainder interest,” goes to AWHONN. Unlike other life-income arrangements, CRTs are separately invested and managed trusts. Please note that AWHONN does not manage these trusts for donors.
This is a powerful way for you to benefit along with your heirs and AWHONN. You can choose to receive a variable or fixed income (beginning immediately) for life or a term of years. There is no limitation on the number of beneficiaries of a CRT.
CDs and Other Banking Accounts
You can create your AWHONN legacy is by making AWHONN the “pay on death” beneficiary of a certificate of deposit (or any bank or brokerage account). Your financial institution can assist you with this easy process.
U.S. Savings Bonds
Although it is not possible to make a charitable gift of a savings bond without first paying the tax on the interest earned, it does make a great asset to contribute. Savings bonds generate “income in respect of a decedent.” This means, if you die while owning them, the accumulated interest is taxed before your heirs inherit them. However, if they are left to a charitable organization, like AWHONN, that tax is not due. Ask your attorney or tax advisor about the best way to gift your savings bonds to AWHONN.
Gifts of Stock or Securities
A gift of appreciated securities, including stocks or bonds, is an easy way for you to make a gift. In doing so, you may avoid paying capital gains tax and receive a charitable tax deduction while furthering the AWHONN’s mission. Make your gift by electronic transfer. Please contact us for delivery instructions to make a transfer from your brokerage account to us.
For more information, please contact Pamela Spears, Director of Development, (202) 261-2437.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
The Legacy Society recognizes and thanks those who have remembered AWHONN in their estate plans through a gift in a will, trust, retirement or life insurance plan, bank account, or a life income gift such as a charitable remainder trust.
Benefits of Membership to the AWHONN Legacy Society
- Certificate of Appreciation
- Listing of your name in the Every Woman, Every Baby Honor Roll (If you would like to be anonymous, please let us know.)
- Invitation to a special reception at the AWHONN Annual Convention.
- An opportunity to be a part of our "Legacy Legends": stories about how and why dedicated donors like you have decided to join the Legacy Society.
You are in no way obligated to do so, but we hope you will let us know if you
have included AWHONN as a beneficiary of your estate. Informing us of your intention is the best way to ensure that we receive the gift you have planned for us and we are best able to honor your wishes when we know of them in advance.
If you have not yet included AWHONN in your plans and would like to explore the best options for you and your family, please contact us. We would be glad to assist you. Please email Pamela Spears, Director of Development at firstname.lastname@example.org or call (202) 261-2437.