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How to Designate AngelOne as a Beneficiary

Naming AngelOne as a beneficiary is a simple process:

 

  1. Request a Beneficiary Form: Contact the financial institution or insurance company that holds your account or policy and request a Beneficiary Designation form. In most cases, these can be completed online.

  2. Complete the Form: Fill out the form, specifying AngelOne as the beneficiary. You will need to provide the following information:

    • Name of the organization: AngelOne, Inc.

    • Address: PO Box 1093, Calimesa, CA 92320

    • Tax Identification Number (EIN): 85-3448321

    • Percentage or amount: You can choose to designate AngelOne as the beneficiary of all or a portion of the account or policy.

  3. Submit the Form: Return the completed form to your financial institution or insurance company. They will process the designation and confirm that it is in place.

  4. Review and Update: It’s a good practice to periodically review your beneficiary designations to ensure they reflect your current wishes and circumstances.

Beneficiary Designations:
A Simple Way to Leave a Lasting Legacy with AngelOne

A Beneficiary Designation is a straightforward and effective way to support AngelOne by naming our organization as the beneficiary of your retirement accounts, IRAs, life insurance policies, or other financial assets. This method of planned giving allows you to leave a lasting legacy that will expand AngelOne’s future ability to support mission aviation projects around the world. This ensures that your values and commitments continue to make an impact even after you have passed.

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Mission Projects

1:1 Matching for two life-saving helicopters.

This campaign has matched donations meaning every dollar that you give is multiplied. Please give generously to help us purchase two new life-saving helicopters to offer urgent medical services in the Philippines.

Helicopter Fundraiser

*Pursuant to IRS charity regulations: While AngelOne Inc. intends to honor all donor requests, the use of donated funds is at the sole discretion of the board of directors.

 

AngelOne is a supporting ministry of the Seventh-day Adventist Church and as such does not solicit or accept tithe from church members.

Tax Benefits of Beneficiary Designations

Tax Benefits of Beneficiary Designations

Beneficiary Designations offer several tax advantages, particularly when it comes to retirement accounts:

 

  • Tax-Efficient Transfer: When retirement assets are transferred directly to a charity like AngelOne, they are not subject to income taxes. This is particularly beneficial for traditional IRAs and other retirement plans that would otherwise be subject to income tax if passed to individual heirs.

  • Reduction of Estate Taxes: Naming AngelOne as a beneficiary can reduce the overall taxable value of your estate, potentially lowering estate taxes. This allows more of your estate to go to the causes you care about, rather than to taxes.

  • Avoidance of Probate: Assets that pass-through beneficiary designations do not go through probate, ensuring that your gift to AngelOne is transferred smoothly, without delay and remains private.

  • Flexibility: Beneficiary designations are revocable, meaning you can change your mind and update your designations if your circumstances or intentions change.

 

By designating AngelOne as a beneficiary of your retirement accounts, IRAs, insurance policies, or other financial assets, you can make a significant impact on our mission without affecting your current financial situation. This easy-to-implement giving strategy allows you to support the spread of the Adventist message to remote areas of the world, leaving a legacy of faith and service.

*Pursuant to IRS charity regulations: While AngelOne Inc. intends to honor all donor requests, the use of donated funds is at the sole discretion of the board of directors.

 

AngelOne is a supporting ministry of the Seventh-day Adventist Church and as such does not solicit or accept tithe from church members.

What Is a Beneficiary Designation?

A Beneficiary Designation is a legal arrangement where you specify who will receive the assets in certain accounts or policies after your passing. Unlike bequests made through a will, beneficiary designations are separate contracts with the financial institution that manages your account or policy. This means that the designated beneficiary receives the assets directly, bypassing the probate process.

Common accounts and policies where you can name AngelOne as a beneficiary include:

Retirement Accounts

You can designate AngelOne as a beneficiary of your 401(k), 403(b), IRA, or other retirement plan.

Individual Retirement Accounts (IRAs)

Both traditional and Roth IRAs can have AngelOne named as a beneficiary.

Life Insurance Policies

You can name AngelOne as the primary or contingent beneficiary of your life insurance policy.

Other Financial Accounts

Some bank or investment accounts also allow you to name a beneficiary.

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