Make us a beneficiary of your IRA or other “non-probate” assets

Why beneficiary designations are so powerful

Assets not included in your will are called non-probate assets. Examples are 401(k)s, IRAs, life insurance policies, and other accounts. Designating the YWCA Evanston/North Shore as a beneficiary can have a big impact and may avoid unwanted taxes for your heirs.

Charitable benefits

Receive an estate tax charitable deduction

Reduce the burden of taxes on your family

Continue to use assets or property during your lifetime

Leave a lasting legacy to YWCA Evanston/North Shore

Common gifted assets for beneficiaries

IRA
401(k)
Life insurance
Joint real estate
Joint bank accounts
Joint property ownership

Designate YWCA Evanston/North Shore as a beneficiary to one or more of your accounts.

We have partnered with FreeWill to offer this free online platform that will walk you through the process of setting up your beneficiaries. These gifts have a big impact and can often prevent unwanted taxation.

Plan your beneficiaries

Planned giving propels our mission forward

A gift in your will ensures we can continue working to eliminate racism and empower women for years to come.

Frequently Asked Questions

What is a “non-probate” asset?

A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.

Which non-probate asset is most commonly given to charity?

The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.

Is a beneficiary designation different from a will?

Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.

Is my estate big enough to leave a planned gift?

Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.

Does it cost anything to make beneficiary designations?

No. You can usually make these easily and at no cost to you.

Can I edit my designations after I’m done?

Yes. You are always free to revise or update your estate plans.