Beneficiary Designation Gifts

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension, or other tax-deferred plan, is an excellent way to make a gift to the UDNF.

If you are like many people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

What is beneficiary designated giving?

Beneficiary designated giving is a way to give to the UDNF by naming the UDFN as the beneficiary of your retirement account, such as an IRA, 401(k), or 403(b). This is a simple and effective way to make a gift to the UDNF, and it can save your heirs money on taxes.

Benefits of beneficiary designated giving

• Simplify your planning. You only need to complete a beneficiary designation form with your retirement plan custodian.
• Support the causes you care about. You can choose to designate the UDNF and other charities as the beneficiary of your retirement account.
• Continue to use your account as long as you need to. You can change your beneficiary designation at any time.
• Heirs can instead receive tax-advantaged assets from the estate. Retirement assets are taxed as ordinary income to your heirs when they receive them. By designating the UDNF as the beneficiary of your retirement account, you can ensure that your heirs receive tax-advantaged assets from your estate instead.
• Receive potential estate tax savings from an estate tax deduction. Your estate may be eligible for an estate tax deduction for the value of your gift to the UDNF.

How to make a gift of retirement assets

To make a gift of retirement assets, you will need to complete a beneficiary designation form with your retirement plan custodian. The form will ask you to list the name and address of the UDNF, as well as the percentage of your account that you want to give to charity.

Future gifts from your retirement assets

You can also designate a future gift of retirement assets to the UDNF. This means that you will continue to use your retirement account during your lifetime, but after your death, the remaining balance of the account will go to the UDNF. To designate a future gift of retirement assets, you will need to contact your retirement plan custodian and request a beneficiary designation form.

Contact us

If you have any questions about beneficiary designated giving, please contact us at [email protected]. We would be happy to assist you and answer any questions you might have.