Generally, you can name anyone, even a charity, as the beneficiary of your life insurance policy or retirement account. You can leave the entire amount of your death benefit to a charity or designate that only a portion of the proceeds goes to the charity and the remainder to a family member or other beneficiary. The charity will receive money from your retirement account tax-free. You can always update your beneficiary designation form if you decide on another charity.
The Transgender American Veterans Association qualifies as a 501(c)(3) organization. Any money you leave us will be a tax-deductible contribution. If you would like to see the our tax-exempt letter from the IRS, please email firstname.lastname@example.org.
TAVA’s mailing address is P.O. Box 4513, Akron, OH 44310. Our phone number is 516-828-2911 and our EIN is 02-0722061. We accept the proceeds of your life insurance policy or retirement plan as a charitable donation.
Request a beneficiary designation form from your insurance company or plan administrator. You may have the option of logging into your insurance or retirement account and updating your beneficiary information online. However, you need to complete a print beneficiary designation form if you’ve named an irrevocable beneficiary and need that person to sign a waiver. You cannot change an irrevocable beneficiary without the consent of the beneficiary you previously named. Federal law prohibits electronic signatures on waivers.
Name the Transgender American Veterans Association as the beneficiary of your life insurance proceeds or retirement account assets. Identify TAVA on the form by listing our organization’s full name, address and tax ID number. Indicate that the beneficiary is a charity on the designation form. Depending on the source of the assets, your estate may qualify to receive a tax deduction for your charitable gift.
Name TAVA either as a primary beneficiary or contingent beneficiary. If you name additional primary beneficiaries, the charity will share equally in the proceeds unless you instruct otherwise. Indicate a benefit percentage rather than dollar amount. As a contingent beneficiary, TAVA will only receive death benefits if all primary beneficiaries die before you do. Naming a contingent beneficiary is sometimes optional rather than required.
Sign and date the beneficiary designation form before returning it to the address the insurance company or retirement plan administrator provides. Keep a copy of the completed and signed form for your estate planning record. Designating TAVA as your beneficiary will not be effective until the insurance company receives your signed form.
Lastly, please fill out the form below to alert us of your beneficiary designation.