Supporting The Prem Rawat Foundation (TPRF) through Planned Giving gives you the opportunity to make a lasting impact during your retirement or after your death. With a little bit of planning, there are many different ways to shape your legacy and help spread dignity, peace and prosperity – often with financial benefits for you and your loved ones.

The Planned Giving team is no substitute for your accountant, lawyer or financial advisor, but we would be happy to work with you and your advisors on a plan that suits you best.

Contact the Planned Giving team at [email protected]

Discover how you can support the future of The Prem Rawat Foundation

Leave Money to TPRF in Your Will or Living Trust

A will specifies what you want to be done with your assets after your death. In addition to identifying who gets what, you can also use a will to designate a charitable bequest and set up trust  funds for TPRF. Naming TPRF as the beneficiary in your will or living trust is one of the simplest ways to donate through estate planning. Plus, it can lower the amount of your taxable estate and any estate taxes. More info

Contribute Proceeds from Your IRA

You can name TPRF as an Individual Retirement Account (IRA) beneficiary and U.S. taxpayers can make use of a charitable tax break. You can give up to $100,000 per year from your IRA, and the amount can count toward any Required Minimum Distributions. Giving the funds directly to charity from your IRA is considered a Qualified Charitable Distribution, allowing you to exclude the amount from your income so you don’t pay taxes on it. More info

Gift Appreciated Stock

If you want to make a significant gift to TPRF, donating appreciated stock is one of the easiest ways to do so. When you donate appreciated stock that’s held for more than one year (and thus qualifies for long-term capital-gains treatment), you can avoid paying any capital gains tax on your holdings. More info

Create a Charitable Remainder Trust

If you’re looking for a way to show your support while you’re still alive, setting up a Charitable Remainder Trust (CRT) is another option. In the U.S. this allows you to make donations tax-free and reduce your taxable income. To create a CRT, check with your financial planner or accountant to help set one up using funds from your other accounts.

Use Life Insurance or a Charitable Gift Rider

Life insurance is often a crucial part of estate planning. In addition to your loved ones using the proceeds from  life insurance  to cover funeral or other expenses, you can name TPRF as one of the beneficiaries on your policy. More info

FAQ’s

**For personalized tax advice, consult a qualified tax advisor. General information is not a substitute.**

What is planned giving?

Planned giving is a way to make a gift to your charity of choice through thoughtful estate planning. A planned gift as part of an overall estate plan that takes your needs as well as the needs of your loved ones into consideration, while helping support a cause or a charity that is personally meaningful to you.

How can I make a planned gift to TPRF?

The most common way of making a planned gift is by designating TPRF as a beneficiary in your will or trust. There are several other options such as designating TPRF as a beneficiary of your retirement plan or life insurance policy. Your attorney or financial planner may have suggestions that are best suited to your unique needs. A planned gift may enable you to make a much more significant impact than you may have thought possible. It can create opportunities to support TPRF in a very meaningful way.

Can I designate my gift to be earmarked for a specific activity that TPRF is involved with?

Yes, you have the option to direct your gift to support a specific program or other humanitarian activities, such as Food for People, the Peace Education Program or disaster relief. TPRF’s Planned Giving Manager can help ensure your gift is allocated as per your wishes.

Why do I need a will?

Creating a detailed will ensures that your estate will continue to yield benefits to your family and/or to the organizations that are important to you in the ways that are in line with your wishes.

How do I name TPRF as a beneficiary in my will or Trust?

To name TPRF you can include the following language:

I give (___ dollars/ __ percentage or all of the residue of my estate) to The Prem Rawat Foundation (TPRF).
You will need to include the US Federal Tax ID # (EFIN) which is 91-2166236.

Also include the following contact information:

STREET ADDRESS:
The Prem Rawat Foundation
1223 Wilshire Boulevard, Suite 464
Santa Monica, California 90403

MAILING ADDRESS:
Post Office Box 24-1498
Los Angeles, California 90024
Telephone Number: +1 310 392 5700

How do I name TPRF as a beneficiary in my retirement plan or life insurance policy?

Leaving your retirement plan or IRA (or a portion of it) to TPRF is a tax-wise gift in the U.S. Naming TPRF as the recipient of your retirement plan after your lifetime (or at the death of the survivor of you and your spouse) avoids all estate and income taxes on the plan assets. Similar benefits can apply when designating TPRF as the beneficiary of your life insurance policy.

To make this gift, you simply notify your plan or policy administrator of your wish to change the beneficiary. A “change of beneficiary” form may be required, and your spouse may need to sign consent to the change of designation.

The tax ID to identify the TPRF as a designated beneficiary is: 91-2166236.

STREET ADDRESS:
The Prem Rawat Foundation
1223 Wilshire Boulevard, Suite 464
Santa Monica, California 90403

MAILING ADDRESS:
Post Office Box 24-1498
Los Angeles, California 90024
Telephone Number: +1 310 392 5700

If your spouse and children are currently the beneficiaries of your retirement plan or life insurance policy, you can continue to keep them as beneficiaries, and also include TPRF as the beneficiary of a portion of your plan or policy. Upon your death, the plan administrator can “cash out” TPRF’s share without affecting your family’s portion, so that TPRF and your heirs all benefit from your financial planning and your generosity.

 

How do I donate stock and other assets to TPRF?

To make a donation in a stock, contact your broker or bank and provide instructions to send the stock directly to TPRF’s account at Charles Schwab. The following information will be needed:

TPRF Account #9965-6736
DTC #0164

Note: Do not have the broker sell the stock. If they do, you could lose the tax advantage of making a charitable donation. (tax laws vary by country)

Other Assets: Please be aware that TPRF is unable to accept other assets such as used cars or real estate.

How do I contribute proceeds from my IRA?

Donations while you are alive:

If you are a U.S. taxpayer over 70.5 years old and have available funds in a qualified retirement account, there is a great option available for you to give to TPRF.

The Qualified Charitable Distribution (QCD) allows you to distribute up to $100,000 annually to your charities of choice and this distribution counts towards your Required Minimum Distribution (RMD).

In addition to the benefits of giving to TPRF, a QCD excludes the amount donated from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare.

Also, contributing through a QCD does not require reporting an itemized deduction Schedule A on your tax return. Instead, per the IRS law, you have the option to take advantage of the higher standard deduction, but still use a QCD for charitable giving.

Contact your IRA Custodian to arrange for the RMD to be paid directly to TPRF or consult your professional tax advisor for more information.

Donations after death:
When you name TPRF as a beneficiary of your Qualified Retirement Account, upon your death there are multiple benefits: 

      • Neither you nor your heirs will pay income taxes on the distribution of the assets.
      • Your estate will need to include the value of the assets as part of the gross estate but will receive a tax deduction for the charitable contribution, which can be used to offset any estate taxes.
      • Because charities do not pay income tax, 100% of your retirement account will directly benefit TPRF.
      • It’s possible to divide your retirement assets between charities and heirs according to any percentages you choose.
      • You have the opportunity to support a cause you care about as part of your legacy.

      Contact your IRA Custodian to arrange for naming TPRF as a primary or contingent beneficiary of your retirement account.