What if we turned more of our members' retirement accounts (IRAs, 401(k)s) into a lasting endowment when folks pass? Pooling modest-to-large bequests could generate steady passive income for chapters, organizing, and socialist infrastructure, without relying solely on dues spikes. Thoughts? #DSA #LegacyGiving #Socialism #Investment
DSA already has the Democratic Socialist Legacy Circle encouraging exactly this: Name DSA (or DSA Fund for tax perks) as beneficiary on retirement plans. It’s simple, no will changes needed, assets go straight to the org. Gifts of all sizes welcome! dsausa.org/bequests
Imagine: If dozens or hundreds of us (especially older members) do this, even averages of $50k–$200k per account could build a multi-million endowment over time. Invest conservatively → 4-5% annual draw for sustained funding (staff stability, chapter grants, rapid response, etc.). Sustainable funding!
Pair it with Solidarity Dues—the income-based option: Commit to 1% (or more) of your annual income monthly ("1% for the 99%"). Higher earners step up so no one pays more than they can. It's already live—thousands are on it for stable, solidarity-driven revenue. act.dsausa.org/donate/ibd_campaign
#DSA
Solidarity Dues + legacy bequests = powerful combo. Monthly % income keeps the lights on now; pooled retirement gifts secure the future. No big donors needed, just us building working-class power across generations. Other movements do endowments; we can too, that is funded by the blood, sweat, and tears of years of laboring away.