Giving Made Easy: Support AFI with Beneficiary Designations

If you prefer the flexibility of beneficiary designations rather than making a gift in your will or estate, you can still contribute to ABS-CBN Foundation International’s (AFI) mission through various accounts:

  • IRAs and retirement plans
  • Life insurance policies
  • Donor advised funds
  • Commercial annuities

It’s important to note that these assets are not affected by a will and are distributed based on beneficiary designations. Updating the beneficiary designation forms is often simpler than modifying a will, providing a straightforward way to support AFI’s work and create a lasting legacy of environmental preservation for future generations.

To name AFI as a beneficiary, the process is remarkably simple. Begin by requesting a change-of-beneficiary form from your policy administrator or accessing it on your provider’s website. Complete the form with your desired changes and return it to establish your meaningful gift.

Leaving a Lasting Legacy Made Easy

Retirement Plan or IRA
Maximize Tax Advantages: Including AFI as a Beneficiary of Taxable Assets
When paid to a beneficiary, taxable income from retirement plans is often the largest source. If you’re contemplating a gift to AFI, naming AFI as a beneficiary on taxable assets such as retirement plans can offer tax benefits that surpass those of gifts involving stocks or real estate.
Life Insurance
Amplify Your Impact: Transforming Premium Payments into a Meaningful Gift
Utilizing life insurance as a giving strategy allows you to make a significant impact. By designating AFI as the beneficiary, your modest premium payments can be transformed into a substantial gift. Furthermore, this arrangement offers flexibility, as it can be revoked at any time during your lifetime if your plans happen to change.
Donor Advised Funds
Empower Your Giving: Flexibility and Impact with Donor-Advised Funds
By contributing to a donor-advised fund (DAF) during your lifetime, you gain the freedom to determine the amount and frequency of grants to AFI. DAFs are established by community foundations, brokerage houses, or other sponsoring organizations, enabling you to transfer cash or other assets while receiving an immediate charitable deduction for your generous gifts.
Commercial Annuity
Lighten Your Tax Load: Reducing Taxes through Annuity Gifts to AFI
Annuities are known for their tax implications, as income tax is assessed on the annuity’s growth—the difference between its value at the time of your passing and the initial investment. By naming AFI as a beneficiary of your annuity contract, you can potentially alleviate the tax burden, making these gifts an attractive option for individuals seeking to create a lasting legacy of environmental conservation.

Beneficiary Designations

How to Make It Happen

Safeguard Your Legacy: Naming AFI as Beneficiary for Retirement Plans, IRAs, and More

  1. Reach out to the institution overseeing the asset and request a change-of-beneficiary form, which is often available for download on their website.
  2. Determine the desired percentage (ranging from 1 to 100 percent) of the account value that you wish to allocate to AFI.
  3. Designate AFI as the beneficiary on the form.
  4. Submit the completed form as instructed by the institution.

Next Steps

We kindly request that you inform us of your beneficiary designation and express your wishes. This will allow us to express our gratitude for your commitment as a lifelong member of AFI and provide an opportunity to discuss how your gift can contribute to our shared goals.

Contact Us

Contact us for additional information about the different options for adding AFI in your beneficiary designation. Please notify us of your intentions by submitting the form below.

Seek advice

Seek the advice of your financial or legal advisor.

Include AFI Details

If you include AFI in your plans, please use our legal name and federal tax ID.

Legal Name:
ABS-CBN Foundation International
Address:
1350 Old Bayshore Hwy Ste 520 PMB 314
Burlingame, CA 94010
Federal Id:
94-3292281