According to the There Are Many Ways to Help Tor Take Back the Internet article from 2019, Tor can be named as a beneficiary on an insurance policy or will. When I try to enter it on my form, it asks for the following details on the entity:
- Name
- Taxpayer identification number
- Email address
- Phone number
- Country of residence
- Address (street, city, state, and zip code)
If Tor still accepts being beneficiary of life insurance and wills, can someone please share these details? I have checked the donation Frequently asked questions but do not see any mention of this nor Tor’s details. Electronic Frontier Foundation (EFF) openly shares these details and the following texts which Tor would greatly benefit from including in its donation FAQ section if they also apply:
"Gifts of Life Insurance
By naming EFF the owner and beneficiary of an existing policy, you receive a tax deduction for the cash surrender value. You may also decide to make EFF the beneficiary of a life insurance policy. If you make gifts to EFF in the amount of the policy’s premiums, you can take a charitable income tax deduction (provided EFF is not obligated to use the payments to cover the policy’s premium).
Retirement Plans
You can name EFF as a beneficiary of an Individual Retirement Account (IRA), 401 (k) Plan, 403 (b) Plan, Qualified Pension Plan, or Qualified Profit-Sharing Plan. Transferring these assets to a family member at the death of the plan participant may trigger two potential federal taxes: estate tax and income tax. When a beneficiary is someone other than a spouse, the combination of these taxes could consume most of the assets intended for transfer. Since EFF is a tax-exempt organization, we do not have to pay taxes on the income from the plan. Your plan administrator can provide you with a beneficiary form.
Financial Accounts
By including EFF as a beneficiary of a bank account, brokerage account, mutual fund account, or an asset such as a certificate of deposit (CD), you can provide a legacy gift to support our work. Your estate would receive a charitable deduction equal to the amount of the gift. Simply fill out a beneficiary designation form obtained from the institution holding your account."