Gifts of Retirement Assets

Your IRA, 401(k), 403(b), or other Qualified Retirement Plan offers a smart, tax-efficient way to support Planned Parenthood of the Pacific Southwest as part of your legacy. When you designate our organization as a full or partial beneficiary of what remains in your retirement plan at the end of your lifetime, you may take advantage of the following benefits:

As a non-profit organization, we are exempt from income tax on the distribution, and the gift will not be subject to estate tax. This means the full amount will benefit us, while your heirs may experience a reduced estate tax liability.
You can continue to make withdrawals from your retirement account during your lifetime.
You have the flexibility to update your beneficiary designation if your circumstances change.

More on gifts of retirement assets

Approximately 60%-70% of your retirement assets may be taxed if you leave them to your heirs upon your passing. Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock.

You can also provide for loved ones after your lifetime by designating some or all the assets remaining in your IRA, 401(k), 403(b), or other Qualified Retirement Plan to fund a charitable gift annuity or charitable remainder trust. Both options will provide payments to your loved ones for the rest of their lives, and what remains will go to Planned Parenthood of the Pacific Southwest.

How to make a gift of retirement assets

To leave your retirement assets to a charity, you will need to complete a beneficiary designation form provided by your retirement plan custodian.