BENEFICIARY DESIGNATIONS

Beneficiary Designations

  • Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today.
  • Passionate about supporting Tower Cancer Research Foundation with our mission even after your lifetime? It’s not only possible, it’s easy to do with a beneficiary designation. Just name Tower as a beneficiary to receive assets such as retirement plans and life insurance policies after you’re gone. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.
  • You can review and adjust beneficiary designations anytime you want.

 

  • Retirement Plans and IRAs
    • If you want to make a difference at our organization after your lifetime, consider a tax-wise gift from your retirement plan or IRA. Here’s why.
    • A retirement plan or IRA is typically the largest source of assets that generate taxable income when paid to a beneficiary. Therefore, if you are considering a gift to our organization after your lifetime, it is usually better to leave taxable assets to us and give nontaxable assets (such as stocks and real estate) to your loved ones.
    • To complete your gift, simply contact your retirement plan or IRA administrator (or visit their website) and complete a beneficiary designation form naming our organization as beneficiary and the percentage you’d like us to receive (1-100). Then mail it back to the plan administrator and keep a copy for your records. Beneficiary forms are filled out on your terms and can be changed at any time.
  • Bequest Language
    • “I give to Tower Cancer Research Foundation, a nonprofit corporation currently located at 8767 Wilshire Blvd., Suite 401, Beverly Hills, CA 90211, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.
  •  A transfer on death (TOD) account
    • By placing a TOD* designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. With a TOD account, the beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

For more information, please contact Linda David, Executive Director, at 310.299-8472 or [email protected]

LINKS:

Wills and Living Trusts

  • A charitable bequest is one of the easiest ways you can leave a lasting impact.

Beneficiary Designations

  • Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today.

Appreciated Assets

  • Real Estate
  • Stock
  • Memorials and Tribute Gifts
  • Endowed Gifts
  • Donor Advised Funds

Disclaimer
Tower Cancer Research Foundation (Tower) makes no representation, warranty, or guarantee regarding the reliability, quality, security, suitability, or availability of the services requested through the use of our third-party referral sites.

Your use of this referral service is at your own risk. Tower is not liable for any harm resulting from the conduct of any third-party service provider or other user of the referral service, including illegal conduct. Tower is not responsible for the use of any personal information you disclose on this site, including use by unauthorized users and/or hackers.

Tower expressly disclaims any liability arising from unauthorized use of your account. If you suspect an unauthorized person is using your account (or any other breach of security) you agree to notify Tower’s office immediately.