Planned Giving with Retirement or Insurance Funds

One of the simplest ways to make a planned gift to NYF and join the Legacy Circle is through a beneficiary designation of accounts like your Retirement Plan or Life Insurance Policy. It’s as easy as filling out a form! You can specify which individuals and charities you want to support, and even specify the percentage of the assets you want each beneficiary to receive.

  • Retirement Fund (IRA or 401k): This planned gift is easy to make because you don’t need to change your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. Additionally, if you leave your retirement fund an nonprofit like NYF rather than to an individual, you will not have to pay income and estate taxes. That means when you designate NYF as the ultimate beneficiary of your retirement account, 100% of the funds go to our charitable mission.
  • Life Insurance: Designating NYF as the beneficiary of all or part of a life insurance policy can be an excellent donation, and may also provide you with substantial tax benefits. All you need to do is complete a form with your insurance company designating that the Nepal Youth Foundation receives all or a portion of the death benefit associated with your life insurance policy. Alternatively, you can transfer ownership of the policy. Transferring ownership can have immediate tax benefits.

Other beneficiary designations you can make include commercial annuity contracts, bank accounts, and investment accounts.

The Legacy Circle

If you include NYF in your planned giving, please let us know! The Legacy Circle is NYF’s way of saying Dhanyabad, or Thank You, to those who remember us in their estate planning. All you need to do is tell us you’ve included a gift to NYF in your plans—no minimum bequest required—and you become part of this special group.  Legacy gifts help ensure our proven, transformative programming can withstand unexpected disasters like pandemics and earthquakes. They allow us to maximize the care we offer to the children we serve. Most of all, these remembrances provide the stability we need to continue serving Nepali children long into the future.

Members of our Legacy Circle mean the world to us: It is a profound honor to be included in a long-time supporter’s estate planning, and a great joy to know that our programs in Nepal can continue providing Education, Health, Shelter, and Freedom for children in Nepal for years to come.

Legacy Circle members receive invitations to join exclusive gatherings with our team, including early invitations to annual events like Founder’s Day.

 

Questions? We’re here to help you meet your goals.

We would be happy to speak with you in confidence about your giving goals—with no obligation. To learn more about how you can make a lasting impact in Nepal through planned giving, please reach out! You can email us at info@nepalyouthfoundation.org or call us at (415) 331-8585.

Although NYF does not offer professional legal advice, we’d be thrilled to work with your tax advisor to find the best solution for you. All information is provided confidentially and without any obligation.