Legacy Giving

Make a Lasting Impact

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Learn More

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Types of Legacy Gifts

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  • Overview
  • Bequests
  • Retirement Assets
  • Life Insurance
  • Trusts

Overview

There are many ways to make a gift to Teach For America, but when you make a gift through your estate, you are often able to make a bigger impact than you ever thought possible.

Once you have arranged a gift, please let us know. We would be honored to have the opportunity to thank you while respecting your confidentiality and making sure we can fulfill your wishes.

Bequests 

Include a bequest provision to "Teach For America, Inc." in your will or revocable trust.


How It Works

You can provide a future gift to Teach for America by including a bequest provision in your will or revocable trust. Teach For America will receive your gift upon your death based on the specifications included in the provision.

Several types of bequests are possible:

  • Specific: A certain dollar amount or a particular asset. “The sum of $20,000” or “100 shares of ABC stock.”
  • Residual: Once other assets have been distributed. “Fifty percent of the rest, residue, and remainder of my estate.”
  • Contingent: Only under certain conditions. “In the event my spouse does not survive me.”

Learn more about making a bequest to Teach For America.


Benefits

  • The assets remain in your control during your lifetime.
  • You can modify the bequest if your circumstances change.
  • The value of your bequest should be fully deductible for estate tax purposes.

Retirement Assets

Name "Teach For America, Inc." as the beneficiary of your retirement plan.


How It Works

You can name Teach For America, Inc. as the beneficiary of the remainder of your IRA, 401(k), or other qualified retirement account. The plan's balance will be available for Teach For America’s use when the assets held in the account are transferred.


Benefits

  • You should pay no income or estate tax on the property remaining in your retirement account when it passes to Teach For America.
  • You may continue to take withdrawals from the account during your lifetime.

Life Insurance

Fund a gift to "Teach For America, Inc." using a policy insuring your life.


How It Works

You can make a future gift to Teach For America by naming "Teach For America, Inc." as the owner and beneficiary of a policy insuring your life. To make a gift of life insurance, you make annual gifts in the amount of Teach For America's premium payments. Once the policy matures, the proceeds are paid to Teach For America and used to help fund our programs.


Benefits

  • Allows you to make a substantial gift, while the cost to you—your premiums—is relatively small.
  • The gifts offsetting Teach For America’s premium payment should be fully deductible for gift tax purposes. You should receive an income tax deduction for the full value of such gifts—subject to certain limitations based on yearly income.

Trusts

Make a major gift to Teach For America by naming "Teach For America, Inc." as the beneficiary of a trust.


How It Works

By setting up a trust and naming Teach For America as the beneficiary, you make a lasting gift to Teach For America while also creating benefits for you and/or your heirs.

There are several kinds of specialized trusts for which Teach For America can be named as the beneficiary, including Charitable Remainder Unitrusts, Charitable Remainder Annuity Trusts, and Charitable Lead Trusts. Teach For America may also be named as an alternative beneficiary of a trust primarily for the benefit of family members or other individuals, to receive the trust property only in the event that the primary beneficiaries are no longer living.

For more information about making a gift to Teach For America through a trust, including the benefits of different types of trusts, please work with your own legal counsel and/or accountant and contact us to arrange the terms of the gift.

Please note that we are unable to serve as a trustee.

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