Make us a beneficiary of your IRA or other “non-probate” assets
Why beneficiary designations are so powerful
Assets not included in your will are called non-probate assets. Examples are 401(k)s, IRAs, life insurance policies, and other accounts. Designating the Academy of Holy Angels as a beneficiary can have a big impact and may avoid unwanted taxes for your heirs.
Charitable benefits
Common gifted assets for beneficiaries
- IRA
- 401(k)
- Life insurance
- Joint real estate
- Joint bank accounts
- Joint property ownership
Designate Academy of Holy Angels as a beneficiary to one or more of your accounts.
We have partnered with FreeWill to offer this free online platform that will walk you through the process of setting up your beneficiaries. These gifts have a big impact and can often prevent unwanted taxation.
LEGACY GIFTS BUILD ENDOWMENT
Legacy giving is the best way to build endowment and long-term resources for AHA. An endowment is a pool of money that is set aside and invested. AHA can draw from the earnings to support current programs, but the original pool remains in place and grows over time. So this source of support can continue – forever.
When my sisters and I went to AHA, the Sisters of St. Joseph made sure we could attend even during challenging times. Now my grandchildren go to AHA, and I can see that they are thriving. My husband and I have been fortunate in our lives together, and we want to make sure that other children can receive the same wonderful Catholic education that my sisters, my grandchildren, and I did. We hope you will join us in ensuring the future of AHA.
Lucy Hamel Wilhoit '56
AHA Legacy Society donor
Lucy Hamel Wilhoit ’56 with Richard Wilhoit
Frequently Asked Questions
A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.
The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.
Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.
Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.
No. You can usually make these easily and at no cost to you.
Yes. You are always free to revise or update your estate plans.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Jesse Foley ’89
Director of Advancement and Alumni Engagement
Phone: 612-798-2621
Email: jfoley@ahastars.org
Name: Brian McCartan
Title :Associate Director of Advancement
Phone: 612-798-2618
Email: bmccartan@ahastars.org
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.