Beneficiary Designation Gifts

Retirement Assets

One of the most tax-wise ways to support The Animal Medical Center is through a gift of retirement assets – an IRA, 401(k) or other qualified plan. The benefit of this gift is its simplicity – you can control the transfer of these assets at your death without changing your will or living trust.

Retirement assets are considered ‘non-probate assets,’ and generally pass outside of the will or living trust. However, they are still considered to be a part of an individual’s estate and the fair market value of these assets, along with all other estate assets, will be subject to possible state and federal estate taxes. By designating The Animal Medical Center as a beneficiary of all or a portion of these assets, you can potentially avoid these taxes while simultaneously supporting The AMC. In addition, the funds remain available to you should you ever need them.

The Animal Medical Center will also consider accepting gifts of tangible personal property (such as works of art, coin collections, rare books and jewelry) and residential or commercial property. You may also choose to designate your gift of property to The AMC now and continue living in it for your lifetime.

If you would like to make this gift, simply complete a Beneficiary Designation Form provided by the IRA or your plan administrator.

Life Insurance

Another way to make a lasting gift to The AMC is through your life insurance policy. You can either designate The AMC as a beneficiary alone, or with a combination of family members. Simply complete and return to the insurance company a form designating that The Animal Medical Center will receive all or a portion of the death benefits associated with your policy.

In addition to naming The AMC as the beneficiary, you can also transfer ownership of the policy, which provides you with an income tax charitable deduction in the year the gift was made.

We want to thank you! If you have already named The AMC as a beneficiary in your estate plan, please let us know. We want to thank you for your thoughtful planning and invite you to join the Ellin Prince Speyer Legacy Society.

For more information about our giving opportunities, please contact the Development Office at (212) 329-8660.