A beneficiary designation for the ACLU Foundation is a simple and meaningful way to help ensure a strong future for individual rights. After your lifetime, these assets will transfer directly to the ACLU Foundation without going through probate.
Beneficiary designations can be made for:
- retirement plans, such as IRAs, 401(k)s, 403(b)s, etc.
- life insurance policies
- bank and brokerage accounts, and
- other types of deposit and investment accounts, where allowed by state law and offered by your financial institution
Once you decide to designate the ACLU Foundation of San Diego & Imperial Counties as a beneficiary, simply provide the address and tax identification number, as follows, on your beneficiary designation form.
ACLU Foundation of San Diego & Imperial Counties, PO Box 87131, San Diego, CA 92138-7131, Tax ID# 33-0325791.
Tip: You may designate all or just a percentage of your policy, plan, or account.
For more information on making a bequest to the ACLU Foundation, please contact us.
Tax Note: Gifts of life insurance policies and retirement plans are considered non-probate assets and automatically bypass probate court. They are, however, subject to potential taxes, just like any property you own upon your death. Designating the ACLU Foundation as a beneficiary of your life insurance policy or retirement plan may allow you to avoid taxes that could apply if you were to leave these assets to heirs other than your spouse.
