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Life Insurance Gifts

Should you have a paid-up life insurance policy that you no longer need, you may make a gift of it by transferring the policy outright to the Assabet Valley Mastersingers or by naming the AVM as a beneficiary, similar to retirement assets.

Make a Bequest

You can include a gift in your original will or revocable living trust, or add one later by an amendment. The gift can be for a specific amount of money, specific piece of property, or a percentage of your estate. Once family, friends, and other loved ones are cared for, the AVM can find a place as part of your life’s legacy.

Retirement Plan Assets

You may designate the AVM as the beneficiary of your IRA or other retirement assets (such as 401(k) and 403(b) plans) and the AVM will receive the funds upon your passing. The entire balance or just a portion may be designated for the AVM’s use. If you wish, you may make an outright gift from these same assets during your lifetime; this would benefit the AVM immediately. Retirement assets (such as 401(k)s and IRAs) can generate estate and income taxes, leaving little for your heirs, but by designating the AVM as a beneficiary you can potentially avoid these taxes while supporting the choral arts.

Donate Securities or Stocks

Take advantage of tax benefits; a professional investment manager will help with your donation.

Tax-Free IRA Contributions

If you are older than 70½ and must take your Required Minimum Distribution from an IRA, please consider having a portion of it sent directly to Assabet Valley Mastersingers.  This way you have fulfilled part of your requirement for the RMD, you pay zero taxes on the distribution, and AVM gets a donation from a loyal supporter.  The requirement to avoid all taxes on your part is that the donation must transfer directly from the IRA trustee to AVM.  You can designate it either for your annual sponsorship donation or for a donation to the AVM Endowment Fund.  Both will ensure that AVM can continue to bring you the choral masterworks.

Planned Giving

Interested in exploring your giving options? Matt Pietro, our Development Representative, would love to hear from you!

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