Retirement Plan Assets
Do you have money saved in an employee retirement plan, IRA or tax-sheltered annuity? Each of these plans contains income that has yet to be taxed. When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax. Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to RMHC to support our work.
As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan. You can take advantage of this gift opportunity in several ways:
Name us a beneficiary of your plan. All this requires is updating your beneficiary designation form through your plan administrator. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your plan only if your primary beneficiary doesn't survive you.
With the IRA Charitable Rollover, if you are 70½ years old or older, you can take advantage of a simple way to help those we serve and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as RMHC without having to pay income taxes on the money.
Fund a testamentary charitable remainder trust. When you fund a charitable remainder trust with your heavily taxed retirement plan assets, the trust will receive the proceeds of your plan upon your death. The trust typically pays income to one or more named beneficiaries for life or for a set term of up to 20 years, after which the remaining assets in the trust would go to support RMHC. This gift provides excellent tax and income benefits for you while supporting your family and our work.
See How It Works
- Contact Lacee O’Brien at 630-623-7048 or email@example.com for additional information.
- Seek the advice of your financial or legal advisor.
- If you include RMHC in your plans, please use our legal name and Federal Tax ID.
Legal Name: Ronald McDonald House Charities, Inc.
Address: 110 N Carpenter St Chicago, IL 60607
Federal Tax ID Number: 36-2934689
Questions about ways to give through a planned gift?
Contact Lacee O’Brien at 630-623-7048 or firstname.lastname@example.org