Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides.
It is very simple to name Thompson Island Outward Bound as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.
You can name Thompson Island Outward Bound as a beneficiary of your IRA, 401(k), or another retirement plan while reserving more favorably taxed assets for your heirs.
By naming Thompson Island Outward Bound as a beneficiary, you can turn a life insurance policy into a significant contribution. Estate tax benefits may apply.
If you have a donor-advised fund, you may be able to name Thompson Island Outward Bound as a beneficiary to receive a percentage of the remaining fund balance after your lifetime.
"Learning is through doing: Thompson Island’s approach to experiential education for empowering Boston's youth is a mission that I believe in. By naming Thompson Island as a percentage beneficiary of my IRA, I have learned about the power of pre-tax gifts to nonprofits. A simple, online, update to my IRA’s beneficiary designation allows for a future gift to Thompson Island that can pass directly to their mission, tax-free. Planned giving is a philanthropic legacy that my husband and I are passionate about and hope that one day our children are too." - Michelle Rhodes
Michelle first connected with the Island in her early twenties as part of a young professionals initiative. She soon took on a leadership role in the emerging ISLE Society which continues to introduce young people to the mission. Michelle’s own passion for the work now includes membership of the Board of Advisors!
We would welcome a conversation with you about how you can benefit Thompson Island Outward Bound as well as your heirs. Please contact Hilary Lucier at 617.852.8571 or [email protected].
Please note that Thompson Island Outward Bound cannot provide legal, tax, or financial advice. We recommend you contact your attorneys or other professional advisors when considering changes to your estate plan.