Make a Gift in 3 Easy Steps
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
- IRAs and retirement plans
- Life insurance policies
- Commercial annuities
It only takes three simple steps to make this type of gift. Here's how to name American University as a beneficiary:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change-of-beneficiary form.
- Decide what percentage (1 to 100) you would like us to receive and name us, along with the percentage you chose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank or financial institution and share your provisions for AU via our Legacy Confirmation Form.
"It is all about giving back and saying thank you," says Kathleen Teso, parent of American University graduate Amy Teso, SIS/BA '89.
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In 1985, Amy was preparing to graduate from high school and begin her undergraduate studies at AU. Having been accepted early decision, Amy had planned to attend the School of International Service with the financial assistance of an exchange program made available to families of employees of AU and the University of Hartford, where Amy's father, the late William Teso, served on Hartford's engineering faculty. But Amy's hopes appeared dashed when she learned that the exchange program had been suspended. Kathleen Teso appealed to AU, sharing her daughter's passion for international studies and excitement at coming here to study, and asked for reconsideration. The response was swift, "Fair is fair," the letter read. "We hope Amy will enjoy her studies at AU."
"American University has had a lasting impact on Amy and our family," says Kathleen Teso. "My late husband and I were so proud of her accomplishments. We were delighted Amy was able to study at AU, and it is now my pleasure to include provisions in my estate plan to establish the Teso Family Scholarship."
Kathleen has named AU among the beneficiaries of her Individual Retirement Account (IRA) as she has done with the University of Hartford and her alma mater, Duke University. "Education is the key to advancement," Kathleen shares. "My means may be modest, but leaving a legacy that will benefit others is a priority."
- Contact Seth D. Speyer at 202-885-3411 or firstname.lastname@example.org for additional information on beneficiary designations and how they can help support AU with our mission.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name AU in your plans, please use our legal name and federal tax ID.
Legal Name: American University
Address: 4400 Massachusetts Avenue, NW, Washington, DC 20016
Federal Tax ID Number: #53-0196549
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.