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 United Way of Greater Houston.
Depending on future circumstances, you may not exhaust your retirement assets during your lifetime. To that end, consider making the United Way a percentage beneficiary of your unused retirement assets. Another option is to name us as a contingent beneficiary should other beneficiaries predecease you.
To leave your retirement assets to United Way of Greater Houston, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate United Way of Greater Houston as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive more favorable tax treatment, such as real estate and stock, and give the retirement assets to United Way of Greater Houston. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already included United Way of Greater Houston as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.