Gifts that Cost You
Leave a gift in your will or trust or by beneficiary designation
Gifts in a will
A gift in your will is one of the easiest ways to make a powerful and lasting statement about the importance of conducting rigorous technical analyses, developing policies to address some of today’s most pressing problems, and advocating for change by educating decision makers and helping to shape public opinion.
Costs you nothing now to give in this way.
You can alter your gift or change your mind at any time and for any reason.
Your gift will create your legacy of fighting for science-based decision making.
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. It’s 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 Union of Concerned Scientists contingent upon the survival of your spouse and other loved ones.
Gifts by beneficiary designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in creating a world informed and inspired by the Union of Concerned Scientists — and it costs nothing now.
By naming the Union of Concerned Scientists as a beneficiary of these assets, you power our approach to defend the world with science, before it’s too late. Your gift impacts the survival of mankind through the Union of Concerned Scientists and becomes your personal legacy to the world.
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes on retirement assets
Reduce or avoid
No cost to you now
Create your legacy with the Union of Concerned Scientists
To name the Union of Concerned Scientists 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:
Union of Concerned Scientists
Include our tax identification number:
Save or submit your information online or return your Change of Beneficiary Form.
Types of gifts
Retirement funds (beneficiary of your retirement plan)
You can simply name Union of Concerned Scientists as a beneficiary of your retirement plan to fight for the future of the world.
A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)
This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – putting science into action to build a healthier planet and a safer world. The next time you visit your bank, you can name the Union of Concerned Scientists (Tax ID: 04-2535767) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward fighting for the place of science in decision-making for generations to come.
Donor advised fund (DAF) residuals
What remains in a Donor-Advised Fund is governed by the contract you completed when you created your fund. When you name the Union of Concerned Scientists as a “successor” of your account or a portion of your account value, you become a champion for science and a defender of truth.
If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since the Union of Concerned Scientists is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward addressing some of today’s most pressing problems.
Complimentary Planning Resources
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This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.