Gifts that Cost You Nothing Now

Gifts that Cost You Nothing Now

Did you know that you can share our global cause to end poverty and enrich millions of lives – by simply signing your name?

When you include the Heifer Foundation or Heifer International in your planned gifts, you sow a legacy of hope and help. You cultivate the future for communities around the world being served by the tireless work of Heifer International – work that is bringing dignity to the disadvantaged and forging the kind of self-reliance that reverses a generational cycle of impoverishment.

Once your family and friends are provided for, we hope you consider making Heifer Foundation’s support of Heifer International part of your life story with a generous legacy gift.

You can help sustain our life-changing work for years to come when you name Heifer as a beneficiary of your retirement account, life insurance plan, bank account or other assets. It is one of the easiest gifts to give – it costs you nothing now, does not require an estate plan or lawyer, and you can change your beneficiaries at any time.

You may wish to update your beneficiary designations after:

  1. You marry, divorce, remarry, or become widowed.
  2. Your primary beneficiary passes away.
  3. Your financial institution changes ownership.
  4. You have a grandchild or great-grandchild.
  5. You want to leave a legacy gift to the Heifer Foundation.

What Kinds of Gifts Can You Give?
You can donate a number of assets through a beneficiary designation. You will provide for the future of Heifer’s global mission to end hunger and poverty and care for the Earth through a few simple asset designations:

  • IRAs, 401ks and other qualified plans
  • Life insurance policies
  • Certificates of deposit
  • Bank accounts
  • Donor advised fund residuals
  • Personal residence

When you make a gift for Heifer from your retirement plan, insurance plan or other assets, you will promote Heifer’s Cornerstones of Just and Sustainable Development – for years to come!

Those cornerstones include both its founding principles and the values added along the way of Heifer’s nearly 75-year history of making a difference.

It’s as simple as contacting the firm that holds your assets and asking them for a beneficiary form to fill out.

Retirement Funds Gift. Many people choose to name Heifer as a beneficiary of a retirement plan. Not only can this reduce their taxes, it simultaneously advances the Heifer mission to change the world for communities in desperate need.

Benefits to you:

  • Reduce or eliminate taxes on retirement assets.
  • Remove highly taxable assets from your estate by direct beneficiary designation.
  • Reduce or avoid probate fees.
  • There is no cost to you now.

To name the Heifer as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

Life Insurance Policy Gift. If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while also enjoying tax savings during your lifetime.

Benefits to you:

  • Donate ownership and receive a charitable income tax credit for the market value of the policy.
  • Receive additional tax benefits by making annual gifts so that we can pay the premiums.
  • If you retain the policy and name us as beneficiary, the proceeds of your policy will be paid to the Heifer Foundation, and your estate will receive the tax credit from the charitable gift receipt.

Savings Bonds. If you have bonds that have stopped earning interest and that you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds in which you so carefully invested. Since Heifer Foundation and Heifer International are tax-exempt institutions, naming us as a beneficiary means that 100 percent of your gift will go toward ending hunger and poverty here at home, and the world over.

CDs, Bank Accounts, and Brokerage Accounts: Naming Heifer as the beneficiary of a certificate of deposit, a checking or savings bank account or a brokerage account is one of the easiest ways to bring life-giving solutions to struggling communities which are committed to finding a path of sustainable self-reliance.

Donor Advised Fund residuals: Final distribution of contributions remaining in a Donor Advised Fund is governed by the contract you completed when you created your fund. We hope you will consider naming Heifer as a “successor” of your account or a portion of your account value.

Please contact Debbie McCullough, Vice President of Planned Giving, at legacyinfo@heiferfoundation.org or 888-422-1161 if you have any questions.

Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a difference for suffering communities around the world. Here are the ways that most people make a lasting impact with Heifer :

Residual bequest: a percentage of the remainder of the estate after other specific legacies have been fulfilled.

Specific bequest: a specific dollar amount or stated fraction of the estate or a specified gift in kind (collections, art, books, jewelry, and so on).

Contingent bequest: a gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.

View Sample Gift Language

Please contact Debbie McCullough, Vice President of Planned Giving, at legacyinfo@heiferfoundation.org or 888-422 if you have any questions.