Donations - Bequests

Other Options for Giving
Leave a legacy to build a stronger India. What a significant way to make a lasting difference. By including AIF in your will or estate plan, you are helping to leave a legacy of securing a stronger brighter future for future Indians. Through your will or revocable living trust, you can specify that some or all of your assets cone to us after your lifetime, and which aspect of India future you would like your legacy to impact.

Types of Bequests
Bequests to the American India Foundation may take many forms. You may arrange for AIF to receive:

-A specific dollar amount
-Specified assets, such as securities, real estate, or tangible personal property
Retirement account assets, consisting of any benefits remaining in your retirement plan
-A residuary bequest, in which AIF receives all or a percentage of the remainde of your estate after all other obligations are met
-A contingent bequest, in which AIF becomes the beneficiary only if the named beneficiary is unable to accept the bequest

How to Make a Bequest: Useful Language
The most useful bequest is an unrestricted bequest for the general purposes of AIF. This permits AIF to use your gift wherever it is most needed at the time.

Suggested language for making an unrestricted bequest:
"I give [the sum of ____ dollars] [all or ____ percent of the residuary of my estate] to The American India Foundation, 845 Third Avenue, 4th Floor, New York, NY for its general corporate purposes."

Suggested language for a specific purpose:
"I give [the sum of ____ dollars] [all or ____ percent of the residuary of my estate] to The American India Foundation, 845 Third Avenue, 4th Floor, New York, NY for the following purpose: [state the purpose]."

Important! If you do specify a use for your bequest, the following language will assure that your gift will always remain productive: "If at any time in the judgment of the Board of the American India Foundation the designated use of this bequest is no longer practicable or appropriate, then the Board shall use the bequest to further the general purposes of AIF, giving consideration, where possible, to my special interest as described above."

If you would like more information on bequest or other types of estate or planned gifts, please call Daniel Killpack, 646-530-8965

Gifts of appreciated assets
Giving appreciated assets is often a simple way to make a sizable gift to The American India Foundation while avoiding capital gain and other taxes. Donate appreciated securities, real estate, personal property, or insurance policies. This means your gift is transferred immediately from you to the Foundation

How this works
Sam purchased $5,000 worth of ABC Stock which is now worth $10,000. He can use this $10,000 to make a gift to the foundation and realize the tax savings. Sam may take a $10,000 charitable deduction on his federal income taxes, saving $2,800 in federal income tax (depending on his tax bracket) and avoiding a capital gain tax of $1,000.

Donate Stock
Please download our stock donation form. (Requires free Adobe Acrobat software.)

Life insurance policies
Set up AIF as a beneficiary for your life insurance policy. Deferred giving, charitable gift annuities and charitable remainder trusts are several other instruments available in order to make a positive contribution to the work of AIF.

The American India Foundation is recognized by the Internal Revenue Service as a tax-exempt 501(c)(3).

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