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Gifts of Retirement Assets
(Give More for Less)
 


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.


© 2004-2007 American Red Cross, Greater Cleveland Chapter
3747 Euclid Avenue   Cleveland, Ohio   44115-2596
216.431.3010
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