Retirement Plan Gifts

Two ways to use retirement assets as a charitable gift are outlined below. To make a gift in the future, include Juvenile Law Center as a beneficiary of remainder assets in your account; to make a current gift from your IRA, if you have reached the age when you must take withdrawals, you may transfer IRA assets directly to Juvenile Law Center.

Designate Juvenile Law Center as a Beneficiary

Retirement plans such as an IRA, 403(b) or 401(k) can also be a means of providing a planned gift to Juvenile Law Center. Funds remaining in your retirement accounts at death are considered part of your estate for federal tax purposes and could result in additional estate tax. Any retirement funds that remain after payment of estate taxes will also be subject to income taxes when received by your heirs. You could choose to avoid this double taxation by funding a planned gift to Juvenile Law Center with excess retirement funds and leaving other, less heavily taxed assets to loved ones.

You can designate a specific amount from your retirement plan to any number of heirs before the remaining funds benefit Juvenile Law Center. Or you can provide for a contingent, charitable gift to Juvenile Law Center in the event that your heirs do not survive you.

You may be able to complete the change yourself, in just a few minutes, if you manage your account online. Or, ask your plan administrator for more information and a Change of Beneficiary form. You can then designate “Juvenile Law Center.” as a beneficiary to receive all or a portion of your retirement plan assets according to the conditions you select. You will need this  information:

  1. Legal name of the organization:    Juvenile Law Center
  2. Employer Identification Number:    23-1976386
  3. Date organization was founded:    October 8, 1975