Gifts in a will or by beneficiary designation are two easy ways to champion children’s health for years to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Arkansas Children’s. Once you have provided for your loved ones, we hope you will consider making our mission part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
- Lasting Impact: Your gift will create your legacy of healthier tomorrows for children in Arkansas.
- Flexible: You can alter your gift or change your mind at any time and for any reason.
- No Cost: It costs you nothing now to give in this way.
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Four simple, “no-cost-now” ways to give in your will
General gift
Residuary gift
Specific gift
Contingent gift
You can combine these gifts in whatever way fits your plans. For example, you might leave your entire estate to your spouse and direct that Arkansas Children’s Foundation receive a percentage, such as 50%, only if your spouse does not survive you.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in shaping the future of pediatric care — and it costs you nothing now. By naming Arkansas Children’s Foundation as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of care for children and families.
Potential benefits of gifts by beneficiary designation:
- Reduce or eliminate taxes
- Reduce or avoid probate fees
- No cost to you now to give
- Create your legacy with Arkansas Children’s
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Types of Gifts
Retirement plan assets
You can simply name Arkansas Children’s Foundation as a beneficiary of your retirement plan to reach more children in more ways.
Life insurance policies
You can name Arkansas Children’s Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Arkansas Children’s Foundation will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Arkansas Children’s Foundation (Tax ID: 71-0568795) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward improving children’s health for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Arkansas Children’s Foundation as a “successor” of your account or a portion of your account value, you enable new breakthroughs in child health.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Arkansas Children’s Foundation
Include our tax identification number: 71-0568795
Please let us know so we can ensure that your wishes are carried out.
Share Your Legacy
If you have already included a gift in your estate plans to support the future of Arkansas Children’s Foundation, please let us know so we can best honor your wishes.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!