Consider including Hadassah as a beneficiary of your IRA, 401(K), 403(b) or other retirement plan. Because retirement assets are heavily taxed when left to loved ones, they make an excellent charitable gift after your lifetime to tax-exempt organizations like Hadassah. It's easy to do—just list Hadassah on the beneficiary designation form for a percentage (1-100) of your account. The funds distributed to Hadassah will not be subject to income or estate taxes and will be put to good use as soon as possible, without going through probate.
“We are so excited about how Hadassah carries out its lifesaving mission. Naming Hadassah as beneficiary of an IRA is an ideal giving method for us.”
Even if you are leaving your entire estate to Hadassah (or to Hadassah and other charities), you should still list Hadassah on the beneficiary designation form of your retirement account. Naming your estate or your trust as the beneficiary (or not designating any beneficiary whatsoever) may subject these assets to federal income tax and diminish the gift to the charities. The gift to Hadassah may also be delayed because the funds would have to go through the probate process. To avoid unnecessary delay and potential tax consequences, name Hadassah on the beneficiary designation form of your retirement account.
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- Contact us at 800-428-8884 or firstname.lastname@example.org with any questions.
- Seek the advice of your financial or legal advisor.
- Ask your plan's administrator for a "change of beneficiary" form.
- Please use our legal name, address and Federal Tax ID if naming Hadassah as beneficiary of all or part of the remainder of your retirement plan.
|Legal Name:||Hadassah, The Women's Zionist Organization of America, Inc.|
|Address:||40 Wall Street, New York, NY 10005|
|Federal Tax ID No.:||13-1656651|
The information and content contained herein are intended for educational purposes only and are not intended to provide legal, tax or other professional advice or to be relied upon. We encourage you to consult with an attorney, tax advisor or accountant.
California residents: Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department.
South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.