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Naming the UA Foundation as the beneficiary of IRA assets can maximize your philanthropic impact while minimizing the tax hit for you and your family. If you have included the UA Foundation as a beneficiary of IRA assets, please let us know. We want to thank you for your generosity.
Because the UA Foundation is a tax-exempt 501(c)(3) organization, it may be wise to leave highly taxed assets to the Foundation and give lower or nontaxable assets to your loved ones. By avoiding taxes, your gift to the UA Foundation will be larger than if it had been designated to an individual.
To name the UA Foundation as the beneficiary of your retirement plan assets:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you wish the UA Foundation to receive and name us, along with the percentage, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution.
To ensure your gift can be carried out as intended, please notify us by completing this non-binding Beneficiary Designation Statement of Intent.