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Griffith Observatory Foundation

Legacy Giving

Donating through your various assets, such as securities or life insurance policies, can provide you with considerable tax benefits while enabling us to continue to carry out our mission.

Before making any estate planning decisions, we recommend you consult with your accountant or legal advisor. To learn more about planned giving, contact Griffith Observatory Foundation at development@GriffithObservatoryFoundation.org or (213) 473-0879.

Gifts of Securities, Stocks, and Bonds

These gifts may provide tax advantages when transferred to Griffith Observatory Foundation before they are sold. Contact us to:

  • Transfer stocks from a broker’s account. We will send delivery instructions to your broker or financial advisor.
  • Receive additional information about making a gift of mutual funds, non-marketable stock, or closely held stock.

Will or Living Trust

Including Griffith Observatory Foundation as a beneficiary in your will or living trust is the most popular type of planned gift. Many choose this because it is flexible and can be structured to meet your needs. In order to include Griffith Observatory Foundation in your will or living trust, we recommend inserting the following language:

“I hereby give to Griffith Observatory Foundation, a California not-for-profit organization, the sum of $________________ AND/OR the following described property: ________________ [description]

AND/OR ________% [percent] of the residue of my estate. This gift is for Griffith Observatory Foundation’s unrestricted use OR this gift is designated for ___________________ [describe specific purposes/programs].”

If you choose to include Griffith Observatory Foundation in your will or living trust, please notify us and use our legal name and federal tax ID number:

Legal Name: Griffith Observatory Foundation
Address: 2800 E. Observatory Rd., Los Angeles, CA 90027
Federal Tax ID Number: 95-3374645

IRA Qualified Charitable Contribution (QCD)

An IRA Qualified Charitable Contribution (QCD) provides numerous benefits both to you and to Griffith Observatory Foundation. If you are 70 ½ years or older, you have the ability to contribute up to $100,000 annually to Griffith Observatory Foundation directly from your IRA. This amount is not included in your income. It also counts toward your Required Minimum Distributions.

To set up a QCD for Griffith Observatory Foundation, contact your IRA administrator about making a direct transfer or have the administrator send a check from your account to us. To be tax-free, the donation must go directly from your account to Griffith Observatory Foundation without passing through your hands.

Life Insurance

Naming Griffith Observatory Foundation as a beneficiary of your life insurance is a simple way to donate using a pre-existing insurance policy. You also have the option of making Griffith Observatory Foundation a contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn’t survive you.

Here’s how to name Griffith Observatory Foundation as a beneficiary:

  1. Contact your insurance company for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) of your benefits you would like Griffith Observatory Foundation to receive and name us, along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your insurance company and notify Griffith Observatory Foundation of this designation.

Retirement Account

Name Griffith Observatory Foundation as the beneficiary of your retirement account, such as an IRA or 401(k). Because retirement accounts are generally taxable to the recipient and since Griffith Observatory Foundation is a tax-exempt organization, the dollar value of the retirement accounts to Griffith Observatory Foundation is generally higher than the value of the same retirement asset left to an individual.

Here’s how to name Griffith Observatory Foundation as a beneficiary:

  1. Contact your retirement plan administrator for a change-of-beneficiary form.
  2. Decide what percentage (1 to 100) of your benefits you would like Griffith Observatory Foundation to receive and name us, along with the percentage you chose, on the beneficiary form.
  3. Return the completed form to your retirement plan administrator and notify Griffith Observatory Foundation of this designation.

Brokerage Account or Bank Account

Naming Griffith Observatory Foundation as beneficiary of a brokerage account (“Transfer on Death” or TOD) or beneficiary of a bank account (“Payable on Death” or POD) gives Griffith Observatory Foundation the funds remaining in the given account at the end of your life. If you choose to name Griffith Observatory Foundation as a beneficiary, please notify us at development@GriffithObservatoryFoundation.org or (213) 473-0879.


Payable on Death

By placing a POD designation on your bank account or certificate of deposit, you can name Griffith Observatory Foundation as the beneficiary of all funds once you pass away. Griffith Observatory Foundation would have no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, to change the beneficiary or to close the account.

By setting up your bank account or certificate of deposit in this way, the estate planning and administration process is simplified. The executor or administrator of your estate will not have to take any action to ensure that your account transfers to whomever you designated. Simply ask your bank representative about the steps you need to take in order to place a POD designation on your bank account or certificate of deposit.


Transfer on Death

By placing a TOD designation on your brokerage or investment account, that account will be paid to Griffith Observatory Foundation after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to charity—you can designate a certain percentage of the account. The beneficiary you name has no rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account.

A TOD designation also simplifies the estate planning and administration process. The executor or administrator of your estate will not have to take any action to ensure that your securities transfer to whomever you designated. To set up the TOD endorsement, simply contact your investment advisor and provide instructions regarding the change.