Planned Giving to the American Quarter Horse Foundation

Consider all types of planned gifts.
Some of those we see most often are listed here.

• Bequests:

  A bequest or gift is a written statement in your will or trust directing that specific assets, such as cash, the stock from one specific company, or a percentage of your specific assets, be transferred to the American Quarter Horse Foundation upon your death.

   

  • For General or Unrestricted Support of AQHF:
    “I give, devise, and bequeath (insert percent of estate or dollar amount) to the American Quarter Horse Foundation, 2601 East I-40; Amarillo, TX 79104, a 501 (c) (3) charitable organization to support its mission.”
    
    Residuary Bequest
    "I give all (or insert percentage) of the remainder of my estate to the American Quarter Horse Foundation, 2601 East I-40; Amarillo, TX 79104, a 501 (c) (3) charitable organization to support its mission.”
    
    Restricted Bequests
    “I give to the American Quarter Horse Foundation, 2601 East I-40; Amarillo, TX 79104, a 501 (c) (3) charitable organization, the sum of to be used for the purpose(s) set forth in a separate written agreement (s) between me and the American Quarter Horse Foundation. At any time, however, in the event the funds for this purpose become obsolete, inappropriate, or impracticable, then the Board of Trustees of the American Quarter Horse Foundation will direct the use of the funds in the best interest of the Foundation and as close to the original intent as possible.”
    
    Conditional Bequest Example
    “If my beneficiary does not survive me, I bequeath the (insert percent of estate or dollar amount) to the American Quarter Horse Foundation, 2601 East I-40; Amarillo, TX 79104, a 501 (c) (3) charitable organization, to support its mission.”

• Retirement Assets

  A gift of your retirement assets from your IRA, 401(k), 403(b), pension, or other tax-deferred plan is an excellent way to help the American Quarter Horse.

   

  • Many people will not use all their retirement assets during their lifetime. Consider how you might leave the remainder to the American Quarter Horse Foundation. These gifts can include retirement accounts, such as a 401(k), 403(b), or IRA; health savings accounts; donor advised funds; brokerage accounts; and other financial accounts, including CDs, money market, savings, and checking, that allow transfer on death (TOD) or payment on death (POD) designations.
    
    Typically, retirement plan balances are subject to both income and estate taxes. But because AQHF is a nonprofit organization, we won't pay income tax on the distribution, nor will the gift be subject to estate tax. You may designate that a percentage or set amount of your retirement assets may be transferred to AQHF by completing a beneficiary designation form provided by your plan custodian. Another option is to name AQHF as a secondary or contingent beneficiary in case someone you have named cannot claim their portion.

• Life Insurance

  Gifts of Life Insurance to the American Quarter Horse Foundation provide an excellent opportunity to leave a legacy of support for the American Quarter Horse.

   

  • Life Insurance gifts can be an existing policy, either paid or partially paid, or a new policy. If the policy is an existing policy, fully paid, the life insurance gift to the charity is accomplished by naming the American Quarter Horse Foundation as the beneficiary of the policy on the beneficiary designation form. Upon your death, the Foundation will receive all, or a portion of, the proceeds from the policy depending on the wording of the beneficiary designation.
    
    As with any decision involving your assets, we urge you to seek the advice of your professional counsel when considering an irrevocable life insurance policy gift to the American Quarter Horse Foundation.
    
    Sample Life Insurance Gift Language for a Life Insurance Beneficiary Form Designation:  
    
    I hereby name the American Quarter Horse Foundation, a non-profit 501 (c)(3) Corporation, headquartered in Amarillo, Texas ((EIN) is 51-0187823) as the beneficiary of my _________________________(name of insurance company) Policy #_____________________, with a face value of $___________. I designate that upon my death _________________ (100%, 50%, 25%) percent of the proceeds be distributed to the American Quarter Horse Foundation to be used to advance their mission.