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Justice, Fairness, Inclusion, and Performance.

Rocky Mountain Credit Union

What Kind of Gifts the Academy Accepts:

The Academy accepts equities, bonds, and cash gifts as planned gifts. All other potential gifts, such as tangible assets or cryptocurrency, must be discussed with the Academy.

How to Make a Planned Gift:

Wills, Trusts, Life Insurance Policies, and Retirement Savings Accounts are all acceptable vehicles for planned gifts. Through your planned giving vehicle of choice, you can specify that a portion of your assets come to the Academy after your lifetime. Making a bequest will leave a legacy for generations to come.

After your lifetime, the asset(s) will pass to the Academy and will not be included in your estate for federal tax purposes. You cannot claim an income tax charitable deduction when you make a bequest because the gift is revocable.

Types of Estate Gifts

Several types of bequests allow you to designate your estate according to your financial and charitable goals.

Specific: You describe exactly what you want to leave to the Academy. If you want to leave a specific amount or if you have a particular item that you would like to leave, this is the bequest you would use.

Residuary: This type of bequest is honored after all other bequests have been made and all debts, expenses, and taxes have been paid.

Contingent: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent decision.

Naming the Academy in Your Estate Plan

By including the Academy in your will or estate plan, you are helping to support NAPA for future generations. If you choose to include the Academy in your estate plan, it should be named as:

“The National Academy of Public Administration, a nonprofit, nonpartisan, 501(c)(3) organization that exists under the laws of the District of Columbia, located at 1600 K Street, N.W., Suite 400, Washington, D.C. 20006.”

The tax identification number of the National Academy of Public Administration is 23-7087039

Naming the Academy as a Beneficiary of an Insurance Policy, a Trust or a Retirement Savings Account

Naming the Academy as a beneficiary is simple and has a lasting effect. By doing so, you can ensure that the Academy receives the asset without going through probate.

After your lifetime, the asset will pass to the Academy and be deducted from your estate for federal tax purposes. You cannot claim an income tax charitable deduction when you name the Academy as a beneficiary if the gift is revocable.