Gifts that Cost You Nothing Now
Making an impact that lasts beyond your lifetime is easy, accessible, and affordable. Leaving a gift to ISC in your will or designating ISC as the beneficiary to your retirement account doesn’t cost you anything now, and may be the best way to make a lifetime impact on the future of storytelling.
Gifts in a Will
A gift in your will to ISC is one of the easiest ways to create your legacy with the next generation of storytellers.
- Costs you nothing now to give in this way;
- Flexible: You can alter your gift or change your mind at any time and for any reason;
- Lasting impact: Your gift will create your legacy with ISC, letting the world know how much you value the power of storytelling.
4 Simple ‘no-cost-now’ Ways to Give in your Will
- GENERAL GIFT IN YOUR WILL Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000 and leave $5,000 to ISC. This is considered to be ‘general’ because it doesn’t specify from where the money comes.
- RESIDUAL GIFT IN YOUR WILL Leaves what is left over after all other debts, taxes, and other expenses have been paid.
- SPECIFIC GIFT IN YOUR WILL Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).
- CONTINGENT GIFT IN YOUR WILL Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to ISC contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and other assets to create a better world through the power of storytelling.
By naming the International Storytelling Center as a beneficiary of these assets, you share the gift of a good story, well told with future generations, for decades to come.
Potential benefits of gifts by beneficiary designation:
- Reduce or eliminate taxes on retirement assets;
- Reduce or avoid probate fees;
- No cost to you now to give;
- Create your legacy with ISC
- Share the power of storytelling with future generations
To name ISC as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
How to Change a Beneficiary Designation
- Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).
- Follow the links to change your beneficiary or fill out the form.
- Be sure to spell the name of our organization properly: International Storytelling Center
- Include our tax identification number: 62-1014756
- Save or submit your information online or return your Change of Beneficiary Form.
Questions?
Sandy Reaves
Director of Finance
sandy@storytellingcenter.net
423.913.8216
- The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.