There are many types of planned gifts. Here are a few of the most common:
You can outline a bequest in your will, which is a legal document specifying how your property will be distributed after your death. Bequests can be set up as a percentage of an estate, a specific gift amount and/or asset, or a residuary estate. Bequests benefit ASN, and reduce your estate's tax liability.
In this method of planned giving, ASN is set up as a percentage or full beneficiary of an account. Accounts that generally enable beneficiary arrangements include bank accounts, brokerage accounts, life insurance policies, traditional IRAs and other retirement plans. A set-aside in your account can result in tax savings for your heirs, and ASN will receive part or all of your account after your death.
ASN Memorial Fund & Endowment
ASN maintains a Memorial Fund, where named accounts can be established to honor a professional legacy in nutrition science. Sometimes, family members request that mourners donate in the memory of a loved one to ASN, in lieu of flowers.
An endowment is the best way to create a permanent tribute. With a major gift of $100,000, ASN will create a named fund that will support a program, award, etc. in perpetuity. An example is the E.L.R. Stokstad Fund, endowed by the Stokstad family, which extends an annual award for outstanding fundamental research in nutrition (preference is given to scientists at relatively early stages in their careers).
How to Create a Planned Gift
You will likely need the below details to activate a planned gift in support of ASN and the ASN Foundation. Please email us, and we can send you draft bequest language and additional information about planned giving.
- Our legal name is: American Society for Nutrition, Inc.
- Our tax identification number is: 31-1507752.
- Our address is: 9650 Rockville Pike, Bethesda, MD,
Once your planned gift has been established, please let us know. We are considering the establishment of a planned giving circle to recognize ASN members who have made this commitment.