Generosity. Leadership. Impact. Legacy.
"Howard University College of Medicine provided me a great education that has given me a fulfilling career in medicine. HUMAA has promoted the mission of the school and provided financial resources to aid students, student programs and the needs of the medical school. As a grateful alumnus and member of HUMAA I decided to leave funds in my estate plan to help HUMAA continue to provide assistance to MY College of Medicine, Howard University."
-Connie Swiner, III, MD, Class of 1985
We are incredibly grateful to the alumni and friends who choose to support HUMAA with a planned or deferred gift.
Planned gifts — including charitable bequests, beneficiary designations, gift annuities, charitable remainder trusts, charitable lead trusts and other estate gifts — create a lasting legacy of support for students and programs. Planned gifts can be structured in a way that provides lifetime income to the donor.
Supporters who have notified HUMAA of a planned gift commitment are recognized with membership in the Legacy Society.
Our office is committed to helping you accomplish your charitable and financial goals through planned giving. Your gift will be met with attentive, personal service by staff members who seek to match commitment to capacity.
Learn about our most popular planned giving vehicles below or contact us for more information.
Create your legacy by making a gift in your will or trust to HUMAA. When you choose to include HUMAA in your will or living trust, you can indicate your wishes in one of several ways. You can give HUMAA a specific amount of money, known as a specific bequest; you can leave a percentage of all assets included in your estate at death, known as a percentage bequest; or you can leave a portion of the residual amount that is left in the estate after all specific bequests have been satisfied, which is often called a residuary bequest.
The Legacy Society honors and celebrates those donors who have included a gift for HUMAA in their estate plans. These gifts take many forms, including simple bequests by will, designations of retirement plan assets, life income gifts and more. Legacy donors may direct their gift to establish a named endowed fund with HUMAA, creating an enduring gift to future generations. Gifts such as these offer the following benefits:
Simplicity. Just a few sentences in your will or trust are all that is needed. Check out our Sample Bequest Language tips.
Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.
Retirement Assets or Life Insurance
Designate HUMAA as a beneficiary
If transferred to heirs, assets in tax-deferred retirement accounts—401(k)s, 403(b)s, IRAs, etc.—are subject to income tax and possibly estate tax. If left to the University, these assets will pass free of tax.
For this reason, you may want to consider leaving these assets to the University and providing for your heirs using assets that are not subject to income tax.
You can designate the University to receive a percentage or all of the remaining assets in the account.
You maintain control over these assets during your lifetime and can change the beneficiaries at any time.
Naming HUMAA as a beneficiary of your life insurance policy is a simple way to make a charitable gift to HUMAA.
Gifts of any size benefit the Association.
Control: You maintain control over the policy during your lifetime, and can change the beneficiaries at any time.
Flexibility: You can designate HUMAA to receive some or all of the proceeds of any life insurance policy.
Simplicity: Proceeds are not subject to probate and are distributed immediately to beneficiaries.
Estate tax reduction: Gifts to HUMAA are not subject to estate tax.
Ready to start planning today?
Contact HUMAA at (202) 803-2989 or email Simone Joye Eford, email@example.com for additional information on bequests or to chat more about the different options for including HUMAA in your will or estate plan.
Seek the advice of your financial or legal adviser.
If you include HUMAA in your plans, please use HUMAA's legal name and federal tax ID number.
Legal Name: Howard University Medical Alumni Association (HUMAA)
Address: 1734 Elton Road, Suite 225, Silver Spring, MD 20907
Federal Tax ID Number: 52-0808438