MAKE LASTING IMPACT NOW and BEYOND YOUR LIFETIME!

Would you like to consider supporting Auburn Public Schools Foundation with a gift in your will or estate plan?  Many folks think about planned giving but never make specific arrangements.  It can be as easy as updating a beneficiary statement, using specific language in your will or estate plan, or making a tax favored gift directly from an IRA.  Following is a short list of ideas that are utilized by folks who plan to give.  Always remember to consult your financial professional, tax advisor, and/or attorney to explore details and to maximize the benefit to you personally and to the cause you support and cherish!  

APSF Legal Name:  AUBURN PUBLIC SCHOOLS FOUNDATION

TAX ID # (EIN): 45-3713074

How You Can Help:

BENEFICIARY STATEMENTS

The following types of accounts may have beneficiary statements:

  • Life Insurance Policies

  • Annuities 

  • 401(k) plans or similar workplace retirement plans

  • Individual Retirement Accounts (IRAs)

  • Trusts

  • Bank accounts, including savings, checking, CDs, & IRAs

SAMPLE GIFT-IN-WILL LANGUAGE

Leaving a gift in your will (sometimes called a bequest) to a charity that you love is a great expression of your personal values, and may be simpler than you think. We’ve developed language for the most common types of in-will gifts. These are suggestions and should be written or adapted by your legal counsel to fit your situation.

  • General Support. “I give to Auburn Public Schools Foundation of Auburn, WA (EIN 45-3713074) the sum of $__________ (OR all my right, title and interest in the following described property _________) to be used in such manner as the Board of Directors of said organization shall, in its sole discretion, determine.”

  • Residuary Bequest. “I give to Auburn Public Schools Foundation of Auburn, WA (EIN 45-3713074) the residue of my estate to be used in such manner as the Board of Directors of said organization shall, in its sole discretion, determine.”

  • Proportional Bequest. “I give to Auburn Public Schools Foundation of Auburn, WA (EIN 45-3713074) [A STATED PERCENTAGE OR A FRACTION OF THE RESIDUE OF MY ESTATE] to be used in such manner as the Board of Directors of said organization shall, in its sole discretion, determine.”

  • Contingent Bequest. “In the event that [NAME OF SPOUSE, CHILD, SIBLING, OR OTHER HEIR] shall not survive me, then I give the same to Auburn Public Schools Foundation of Auburn, WA (EIN 45-3713074) to be used in such manner as the Board of Directors of said organization shall, in its sole discretion, determine.”

 AGE 70 1/2 + IRA DISTRIBUTIONS

  • Qualified Charitable Distributions or QCDs. A QCD offers folks over age 70 1/2 an avenue to make the most of their funds both philanthropically and financially, without increasing their taxable income.  A direct transfer from an IRA or 401(k) to a qualified charity, is not taxed and is excluded from the owner's taxable income.  QCDs allow folks to give tax free to charity up to $100,000 per year.  For those who are at least 73 years old, QCDs count toward the required minimum distribution (RMD) for the year.  Auburn Public Schools Foundation is a 501(c)3, EIN 45-3713074, and eligible to receive QCDs, and as such does not pay income tax.  Thank you for considering APSF as a recipient of any opportunity you may have to donate qualified funds to charity.