About This Gift
It is important to review retirement accounts, such as IRAs, 401(k)s, 403(b)s, or other retirement plans periodically. Due to high tax rates, many supporters have found that it makes financial sense to allocate the residual amount of their retirement savings to the National Center on Sexual Exploitation. NCOSE does not pay tax on these gifts, and can put every dollar of your gift to work in the fight against sexual abuse and exploitation.
How It Works
1. You name the National Center on Sexual Exploitation as the sole or partial beneficiary of your IRA, 401(k), or other qualified plan using the beneficiary designation form provided by your financial institution.
2. You continue to make withdrawals from your account during your lifetime. Any residual left in your account after passing will flow to NCOSE tax-free according to your allocation on your beneficiary designation form.
Benefits
· You can escape both income AND estate tax levied on the residual left in your retirement account by leaving a gift to NCOSE because we are a non-profit organization and do not pay taxes on the transfer. These taxes can eat up the principal of your account when transferred to your heirs.
· You can continue to take withdrawals during your lifetime.
· You can designate all or a percentage of your account and can change your beneficiaries at any time.
Contact us
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 National Center on Sexual Exploitation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.
