Leave a legacy:
Retirement Plan Assets
Retirement accounts often are the best assets to donate to charitable organizations.
Gift Your Retirement Plan Assests
Retirement plans, such as IRAs, offer tax-deferred compounding and accumulation, but distributions are taxed as ordinary income. If you leave the balance of your retirement accounts to your heirs, they will be taxed, whereas other assets can pass tax-free to your heirs. As such, retirement accounts often are the best assets to donate to charitable organizations, such as Barrow Neurological Foundation, during your lifetime and in your legacy.
Since heirs must pay death taxes on retirement assets, IRAs and other retirement assets should be the first assets considered when giving to a charity if you want to leave tax-free assets to your heirs. To do this, a simple form can be filled out naming Barrow Neurological Foundation as the beneficiary (EIN #86-0174371).
Features, Benefits, and Considerations
IRA distributions are taxable, even if they are left to heirs. They do not qualify for the estate tax exemption.
You can gift up to $100,000 per year from an IRA.
Funds must go straight to the charity for the best tax outcome.
You must be at least 70.5 years old.
Learn more about maximizing your gift!
Emily Lawson, Senior Director of Philanthropy
[email protected] | 602.406.1051
Ways to gift from your IRA:
Qualified Charitable Distribution (QCD)
Required Minimum Distribution (RMD)
Barrow Planned Giving Options
As you think about your estate planning, consider leaving a legacy gift to Barrow Neurological Foundation in your will or trust to make a meaningful impact for years to come.
Retirement accounts often are the best assets to donate to charitable organizations, such as Barrow Neurological Foundation, during your lifetime and in your legacy.
A donor advised fund (DAF) is a “charitable savings account” that allows you to receive a deduction the year you need it most and give to charities and causes that are meaningful to you over time.
Create an income for life and a legacy that supports research, patient care, and education at Barrow.
There are many ways to gift life insurance and investment annuities.
Appreciated assets, including real estate, rental property, vacation homes, business assets, and business interests, are great ways to give to Barrow Neurological Foundation.
If you transfer stock to Barrow Neurological Foundation, we will be able to sell the stock tax free, allowing you to avoid any capital gains tax you would otherwise have to pay.
The information provided is not intended as legal or tax advice. For such advice, please consult an attorney, financial or tax advisor.