Gifts of Retirement Assets

How it works

1. You name the American Red Cross as the beneficiary of your IRA, 401(k) or other qualified plan.*
2. Any residual left in your plan when you die passes to the Red Cross tax-free.

* Gifts of retirement plan assets during your lifetime are not recommended because they are subject to income tax. Legislation is pending that may change this.

Benefits

• You can escape both income AND estate tax levied on the residual left in your retirement account by leaving it to the Red Cross.
• You can continue to take withdrawals during your lifetime.
• You can change your beneficiary if your circumstances change.
• You can elect to leave retirement plan assets to the Red Cross through your will or revocable trust instead.
• You can have the satisfaction of knowing that your hard-earned retirement assets will support the Red Cross when you are gone.