Consider Providing HFES a Gift of Appreciated Securities
How It Works:
Contact your broker to arrange
a gift of appreciated securities to HFES after notifying us of your intent
(insert link to notification form). Your
broker should use the following UBS brokerage information to transfer the
securities:
Incoming DTC Instructions
Receiving Bank: UBS Financial Services
DTC Number:
0221
Further Credit to –
Account Name:
HFES
Account Number:
Wsxxxxx
HFES
will need the following information from you:
- Name
of stock
- Number
of shares
- Designation
- Timeframe
expected
- Name
of brokerage account
You
will need to provide instructions to your broker to initiate the transfer to
one of the accounts held at UBS. It is important that you authorize the
broker to disclose to HFES your name and the details pertaining to the stock
transfer. This will allow us to identify the gift when it arrives.
Benefits:
- You
may receive a federal income-tax deduction for the full fair-market value
of the securities
- You
avoid long-term capital-gain tax on any appreciation in the value of the
stock
- Your
gift will support HFES as you designate
Gifts from Retirement Plans
How It Works:
- You
take a distribution from your qualified retirement plan or IRA that is
includable in your gross income
- You
make a gift of the distribution or of other assets equal in value to the
distribution
- You
receive an offsetting charitable deduction
- If
you are 70½ or older, read ahead about
the IRA rollover opportunity available to you
Benefits:
- You
may draw on perhaps your largest source of assets, with no adverse tax
consequences, to support the programs that are important to you at HFES
- The distribution offsets your minimum required
distribution
- If you use appreciated securities instead of cash from
your distribution to make your gift, you'll avoid the capital-gain tax on
the appreciation
Gifts from Retirement Plans Upon Death
How It Works:
- You
name HFES as beneficiary for part
or all of your retirement-plan benefits
- Funds
are transferred by plan administrator at your death
Benefits:
- No
federal income tax is due on the funds that pass to HFES
- No
federal estate tax on the funds
- You
make a significant gift for the programs you support at HFES
Qualified Charitable Distribution (QCD) or “IRA Rollover”
Gifts for Donors Aged 70½ or Older
How It Works:
- You
are 70½ or older and instruct your plan administrator to make a direct
transfer of up to $100,000 to HFES
- Plan
administrator makes transfer as directed to HFES
Benefits
- Your
gift is transferred directly to HFES;
since you do not receive the funds, they are not included in your gross
income*
- Your
gift will count towards your minimum distribution requirement, which,
under the 2019 SECURE Act, begins at the age of 72
- You
support the programs that are important to you at HFES
*No income-tax
deduction is allowed for the transfer.
Gifts by Will and Living Trusts
How It Works:
- You include a bequest provision
in your will or revocable trust
- At your
death HFES receives the bequest you specified
Benefits:
- You may change your bequest or
trust designation at any time
- You control the funding
property during your lifetime
- Your bequest or trust
designation will not be subject to any potential federal estate tax
- You provide future support
for HFES
Bequests
If you are considering making an outright bequest to HFES, we recommend the following
language:
Bequest of a
Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to
HFES, a nonprofit organization located at 2001 K Street NW, 3rd Floor North,
Washington, DC 20006, Federal Tax ID #95-2151714, for HFES's general use and
purpose.
Percentage Bequest
If you are considering making a bequest of a percentage of your estate to HFES,
we recommend the following language:
I
hereby give, devise and bequeath ____ percent (___%) of my total estate,
determined as of the date of my death, to HFES, a nonprofit organization
located at 2001 K Street NW, 3rd Floor North, Washington, DC 20006, Federal
Tax ID #95-2151714, for HFES's general use and purpose.
Contingent Bequest
If
(primary beneficiary) does not survive me, then I hereby give, devise and
bequeath to HFES, a nonprofit organization located at 2001 K Street NW, 3rd
Floor North, Washington, DC 20006, Federal Tax ID #95-2151714, for HFES's
general use and purpose.
Disclaimer: Prospective donors are urged to consult their tax and
financial advisors concerning the consequences of making gifts to HFES. HFES is a 501(c)(3) corporation.