Qualified Retirement Plan
Gifts of Retirement Assets
Did you know that 60% of your retirement assets may be taxed if you leave them to heirs upon your death? Avoid that tax and consider donating part or all of your unused retirement assets such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, which is a wonderful way to support the work of Promises2Kids for generations to come.
Most people do not use all of their retirement assets during their lifetime. By making this gift, you can support foster youth in our community now and in the future.
Gifts of Retirement Assets
How to Make a Gift of Retirement Assets
Gifting retirement assets is easy. Simply speak with your retirement plan custodian and complete a beneficiary designation form, naming Promises2Kids as beneficiary. Promises2Kids will benefit from the full value of the gift because your retirement assets will not be taxed at death – your estate will benefit from a charitable deduction because of your gift.
Gifts of retirement assets through your Required Minimum Distribution (RMD) can be done during your lifetime as well.
Need Assistance?
For questions about gifting retirement assets to Promises2Kids or to notify us of your gift, please contact Amanda Baumann, Director of Philanthropy at 714.414.6529 or amanda@promises2kids.org
Interested in Learning More?
Our Free Estate Planning Guide Can Assist with Planning Your Will & Trust
This complimentary, Estate Planning Guide will help you work alongside your advisor and show you the many ways you can leave a legacy to Promises2Kids, your family or your community.
Please fill out the form below to receive the guide or contact James Sison, Major Gifts Officer at 619-815-0783 or James@promises2kids.org.