Will or Living Trust
- You can stay flexible and leave a percentage of your estate.
The value of personal assets can rise and fall. A bequest stated as a percentage will automatically adjust regardless of future circumstances. For example: “I leave 10% of my estate to the International House Ann Arbor.” - You can leave a defined amount or asset.
For example, “I leave $50,000 to the International House Ann Arbor.” Your estate doesn’t have to have cash or securities to cover the gift amount, as long as the value of all of your assets is sufficient. - You can also make a contingent—or backup—bequest that only takes effect if other beneficiaries are not able to receive their gifts.
For example, “If my partner survives me, then I leave my entire estate to my partner. If my partner does not survive me, then I leave my estate as follows…”
To make a bequest that qualifies for a federal estate tax charitable deduction, you may direct your gift as follows:
“I give to the International House Ann Arbor. a Michigan not-for-profit corporation that is recognized as exempt from tax under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, with its location at 921 Church Street, Ann Arbor, Michigan 48104, [all (or ____ percent) of my residuary estate] or [the sum of $_______ ] to be used for its general purposes.”
The tax ID# of the International House Ann Arbor is 38-1557580.
Beneficiary Designation
You can name the International House Ann Arbor as a beneficiary of retirement accounts, life insurance policies, bank or brokerage accounts, or other financial accounts. These gifts bypass probate and can easily be updated at any time.
Retirement plan assets do not pass through your will — they are distributed through a beneficiary designation, and updating your beneficiary designation forms is simple and easy:
- You name the International House Ann Arbor as the beneficiary or all or some percentage of a qualifying retirement plan through a beneficiary designation form. After your lifetime, the funds pass to IHAA, tax-free, and to any other named heirs.
- You can change or update your beneficiary designations at any time if your needs or goals change.
- You can also name IHAA a contingent beneficiary, so that we only receive a gift if primary beneficiaries are not able to receive the assets.
Important Information:
Use our official designation and address on your beneficiary form:
International House Ann Arbor
921 Church Street
Ann Arbor, Michigan 48104
Phone: 734-662-5529
Include the IHAA Tax ID number if the form requests a social security or tax ID number: # 38-1557580
Please send us a copy of your beneficiary form, or as much information as you are comfortable sharing. Many financial services firms will not notify us of your gift and we will need this information to ensure your wishes are carried out.
Other Financial Accounts
- You can also name the International House Ann Arbor as a beneficiary of your:
- A donor advised fund or “charitable gift fund” account
- A life insurance policy
- A bank or brokerage account eligible for “pay on death” or “transfer on death”
Tribute Donation
Honor special people or occasions with your gift. Celebrate a loved one, birthday, anniversary, or holiday with a designated gift, or ask your friends to do so on your behalf. We will be happy to send an acknowledgement of each gift to the celebrant.
If you would like to honor someone with a gift to IHAA, you may send a check payable to:
International House Ann Arbor
921 Church St.
Ann Arbor, MI 48 104
or
you may make a donation online here: