Future Gifts Made Easy
There are simple and easy ways to support the future of Pacific Science Center without hiring an attorney. Make Pacific Science Center a beneficiary of a bank, brokerage account, retirement plan, life insurance policy or annuity.
Upon your death, assets in these accounts are passed to beneficiaries without going through probate:
POD & TOD Accounts
Payable-on-Death (POD) accounts allow you to name Pacific Science Center as a beneficiary of your bank or credit union savings account, checking account or CD. A similar arrangement called a Transfer-on-Death (TOD) account, allows you to name Pacific Science Center as a beneficiary of your stocks, bonds and mutual funds.
Include Pacific Science Center as a beneficiary of your retirement plan, such as a traditional IRA or 401(k) account, simply by updating the beneficiary designation form, which can be obtained from the plan administrator. Naming Pacific Science Center as the primary beneficiary of your retirement plan eliminates income and estate taxes on that asset.
A Gift of Life Insurance: The Power of Leverage
A gift of life insurance is an easy, affordable and convenient way to make a large gift to Pacific Science Center at an affordable cost. If you have an existing policy that you no longer need, here are three typical ways that you can convert that forgotten asset into a gift for vulnerable children in the community:
- Name Pacific Science Center as a beneficiary of your life insurance policy.
- Make Pacific Science Center the owner of a paid-up policy.
- Make Pacific Science Center the owner of a policy for which you continue to make premium payments.
Donor Advised Funds
You can recommend a grant to the Pacific Science Center from your donor advised fund during your lifetime. Additionally, you can continue your legacy of philanthropy beyond your lifetime by naming the Science Center among the organizations that will receive periodic distributions from your donor advised fund.
Check with your donor advised fund host about options for donating beyond your lifetime.
Information You Will Need
Although forms will differ from one financial institution to the next, you will need PacSci’s legal name and address:
Pacific Science Center
200 Second Ave N
Seattle, WA 98109
Tax ID Number: 91-0750867
Interested in Learning More?
Please contact Donor Relations Officer Sarah Szabo at (206) 443-3642 or firstname.lastname@example.org for a no-obligation illustration of your tax and financial benefits from this gift and to explore if this option is right for you.
This is not professional legal or tax advice. Please consult your professional advisor about the consequences of any gift to your situation.