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Many individuals choose to leave a legacy gift to Speed of Light – The ASTRO Foundation through their will or trust. A bequest is the simplest type of planned gift and one of the easiest to implement. Bequests may transfer a specific dollar amount or a percentage of an estate.
Step 1: Designate a percentage of your estate or a specific asset to the Foundation. You can do this when creating your will or trust or by amending your existing one.
Step 2: Inform the Foundation of your plans – doing so helps us ensure we can fulfill your wishes for your future gift. Email [email protected] to connect with our Development Director.
Step 3: The Foundation receives your gift after your lifetime and uses it to ensure programs and educational resources are available for the next generation of researchers advancing radiation therapy.
Sample language for your bequest includes the following:
I give and bequeath _______________ (dollar amount, percentage of residuary estate, specific asset, etc.) to Speed of Light – The ASTRO Foundation (formerly Radiation Oncology Institute - Federal Tax I.D. 51-0178702), 251 18th Street South, Suite 800, Arlington, VA 22202.
Your gift is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. Many gifts are also exempt from state inheritance taxes.
This information is not intended as legal, tax or other professional advice. For such advice, consult an attorney or the services of a qualified professional. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
Speed of Light – The ASTRO Foundation is a nonprofit, tax-exempt charitable organization (tax identification number 51-0178702) under Section 501(c)(3) of the Internal Revenue Code. Donations are 100% tax-deductible as allowed by law.
You can name the Foundation as a beneficiary of your 401(k), IRA, 403(b), or other qualified retirement plan — ensuring your legacy continues to fuel research, education and advocacy that improve patient outcomes.
Step 1: Designate a percentage of your retirement account to the Foundation. You can do this via your plan’s website or by contacting your provider directly.
Step 2: Notify the Foundation of your intent so that we can fulfill your wishes for your future gift. Email [email protected] to connect with our Development Director.
Step 3: The Foundation receives your gift after your lifetime and uses it to ensure programs and educational resources are available for the next generation of researchers advancing radiation therapy.
Your gift is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. Many gifts are also exempt from state inheritance taxes.
Naming the Foundation as a primary or contingent beneficiary of your life insurance policy — or transferring ownership of a policy to the Foundation — is an easy way to make a lasting impact.
Name Speed of Light – The ASTRO Foundation – as a Beneficiary
Designate a percentage of your life insurance to the Foundation. You can do this via your plan’s website or by contacting your provider directly.
Designating the Foundation as a full or partial beneficiary of your life insurance costs you nothing today and may take as little as five minutes of your time to complete.
To designate the Foundation, go to your life insurance policy website and look for "Beneficiary Designations." You may also call your policy provider to request a physical copy of the beneficiary designation form. Then, add the Speed of Light – The ASTRO Foundation as either the primary or contingent beneficiary of your policy. Finally, add a percentage amount between 1% and 100%. The percentage amount you choose is the percentage of your policy the Foundation will receive in the future.
Choose Primary Beneficiary if you want to support the Foundation no matter what. Choose Contingent Beneficiary if you want your policy to support the Foundation only if your primary beneficiaries (such as your spouse or children) do not survive you.
Donate Your Policy
Irrevocably transfer ownership of your life insurance policy to the Foundation, which may provide you with tax benefits.
Donating and irrevocably transferring ownership of your life insurance policy to the Foundation allows you to make a significant gift in your lifetime that does not impact your current finances. This may provide you with tax benefits during the year you donate your policy.
Your gift is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. Many gifts are also exempt from state inheritance taxes.
