Name Us in Your Retirement Plan, Life Insurance Policy, or Financial Accounts

Retirement Accounts

Giving through your retirement account is one of the most tax-wise ways to give. Your retirement assets, an IRA or other retirement accounts such as a SEP IRA, 401(k), 403(b), if left to your family (other than a spouse), will be subject to income tax in addition to any applicable estate tax. With a gift to Navian Hawaii, 100 percent of the funds are available for our charitable purposes. If you want to remember us in your estate plan, it is often better to leave other types of assets – cash, securities, real estate – to your heirs and give the more heavily taxed retirement asset to Navian Hawaii.

Life Insurance Policies

If you’re still carrying a life insurance policy you or your family no longer needs, please consider donating it to Navian Hawaii. Your gift will help us further our mission. Transfer ownership of your paid-up insurance policy by naming Navian Hawaii as the irrevocable owner and beneficiary. You’ll receive an immediate charitable income tax deduction based on the current value of the policy.

Alternatively, you can make Navian Hawaii a beneficiary of your life insurance and we will receive the death benefit after your passing. There is no income tax deduction, but you will receive an estate tax deduction (if your estate is large enough).

Navian Hawaii retirement life giving

How do I make a gift by beneficiary designation?

You can name Navian Hawaii as a partial or full beneficiary of your assets. You can leave as little or as much to us, while continuing to take care of your loved ones. Typically, all you need to do is to contact your financial institution and ask for a beneficiary designation form. You can also download the appropriate forms from your financial institution’s website. These accounts include:

  • Retirement Plans – IRA, 401(k), 403(b), Keough
  • Life Insurance Policy
  • Bank or Brokerage Accounts
  • Commercial Annuities
  • Certificate of Deposit
  • Donor Advised Fund

Financial Accounts

You may find that you own certain assets other than retirement accounts or life insurance that you wish to use for a gift to Navian Hawaii when you pass away. A simple beneficiary designation form known as “Pay on Death (POD)” or “Transfer on Death (TOD)” will accomplish this for you. You can use these forms for a brokerage account, bank account, certificate of deposit, Donor-Advised funds, or other financial accounts that you want to come directly to Navian Hawaii upon passing and your estate will receive an estate tax charitable deduction for this gift.

IRA Charitable Rollover (QCD Gift)

Qualified charitable distributions are still a great way to make contributions if you are 70½ or older, especially if you don’t itemize your deductions. The 2020 suspension of the required minimum distribution from most retirement plans has not been extended into 2021.

Learn More

For more information please contact our Philanthropy Manager at 808-791-8084 or email