Make us a beneficiary of your IRA, DAF or other “non-probate assets.”
Why beneficiary designations are so powerful
With a beneficiary designation, you can easily leave all or a portion of certain assets to Punahou outside your will or trust. Examples of these non-probate assets include 401(k) and 403(b) plan accounts, IRAs, donor advised funds, life insurance policies and other pay-on-death accounts. These assets pass to Punahou pursuant to your written beneficiary designation – separate from your estate plan – and may avoid attorney fees.
Charitable benefits
Common gifted assets for beneficiaries
- IRA
- 401(k)
- DAF
- Life insurance
- Brokerage Investment Accounts
- Pay-on-Death Accounts
Designate Punahou School as a beneficiary to one or more of your accounts.
We have partnered with FreeWill to offer this free online platform that will walk you through the process of setting up your beneficiaries. These gifts have a big impact and can often prevent unwanted taxation.
We are children of Ka Punahou, the new spring.
From under the hala tree, we weave a mat that seats many, our home to dream and discover our purpose and kuleana to Hawaiʻi and the world.
Frequently Asked Questions
A non-probate asset is an account or other asset that won’t be governed by the decisions you make in a will. Instead, these accounts commonly have an assigned beneficiary that you choose. Types of non-probate assets include many retirement accounts, life insurance, some bank accounts and some assets (like a house or vehicle) that you jointly own with another person.
The most commonly gifted non-probate asset is an IRA or 401(k). This is because these accounts are always taxed (even for people below the estate tax threshold). Giving these accounts to charity keeps your heirs from having to pay unexpected taxes.
Yes! Even if you have a will in place you still need to designate beneficiaries for your non-probate assets.
Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.
No. You can usually make these easily and at no cost to you.
Yes. You are always free to revise or update your estate plans.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Carrie Ogami, JD
Title :Director of Gift Planning
Phone: 808.944.5845
Email: cogami@punahou.edu
Already included us in your estate plan? Let us know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.