Future Impact: Beneficiary Designations
You can ensure Groundswell's mission continues for generations by naming us as a beneficiary of your financial or investment accounts. This type of planned gift is one of the easiest ways to leave a legacy, often requiring just a simple form.
By naming Groundswell as a beneficiary, you support our work long into the future without affecting your current assets or income.
Assets You Can Designate
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Retirement Accounts
IRAs, 401(k)s, 403(b)s, and other qualified plans
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Life Insurance Policies
Whole, universal, or term life insurance
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Investment Accounts
Brokerage accounts and taxable investment accounts
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Bank Accounts
Checking accounts, savings accounts, and Certificates of Deposit (CDs).
How to Get Started
Simply contact your retirement plan administrator, insurance agent, or financial institution and request a Change of Beneficiary Form. If you let us know that you have included Groundswell in your plans, we would be honored to recognize you as a member of our Legacy Society.
Please note: This information is for educational purposes only. Always consult with your personal financial or tax advisor to determine the specific tax implications for your circumstances.
Benefits of Beneficiary Designations
Simplicity
To make this gift, you simply fill out a Beneficiary Designation Form (sometimes called a TOD or POD form) provided by the financial institution that holds the asset.
Flexibility
You retain full control and access to your assets throughout your lifetime. You can modify your beneficiary designation at any time.
Tax Efficiency
Gifts from retirement accounts like IRAs are often the most tax-efficient, as they can bypass significant estate and income taxes when transferred to a charity.
No Legal Fees
Since the designation is managed by your financial institution, it typically avoids the costs and complexities associated with updating your will or trust.
We would love to hear from you.
If you have questions about Donor Advised Funds (DAFs), Planned Giving, stock transfers, or corporate matching, please contact us. We would be honored to speak with you personally about how your generosity can best support our community.