Retirement Plan Assets
Retirement plan asset giving empowers you to shape your legacy while providing crucial support for Indian River Lakes Conservancy (IRLC).
By naming IRLC as a beneficiary of your retirement accounts, you can contribute to the preservation of the Indian River Lakes region's ecological diversity and natural resources.
How it Works
Designation
Designate Indian River Lakes Conservancy as a beneficiary of your retirement plan assets, such as IRAs, 401(k)s, or pension plans.
Tax Benefits
Retirement plan assets are often subject to income tax and potentially estate tax if left to heirs. By designating IRLC as a beneficiary, you may be able to eliminate or reduce these taxes, allowing more of your assets to support conservation efforts.
Flexibility
You can designate IRLC as the primary beneficiary of your retirement account, or as a contingent beneficiary alongside other beneficiaries, providing flexibility in your estate planning.
Benefits
Financial Security
Ensure financial security for yourself and your loved ones by making use of tax-advantaged retirement accounts to support IRLC's conservation efforts.
Philanthropic Impact
Leave a meaningful legacy for conservation by supporting IRLC's mission to protect and preserve the natural resources of the Indian River Lakes region.
Tax Efficiency
Retirement plan assets left to individuals are often subject to income tax and potentially estate tax. By designating IRLC as a beneficiary, you may be able to minimize or eliminate these taxes, maximizing the impact of your gift.
Is Retirement Plan Asset Giving Right for You?
Retirement plan asset giving may be a suitable option for individuals who:
- Have significant assets held in retirement accounts.
- Want to support charitable causes such as conservation while minimizing taxes on retirement plan assets.
- Seek to leave a lasting legacy for conservation without affecting other assets or estate plans.
Learn More
To explore how you can use retirement plan asset giving to support Indian River Lakes Conservancy and leave a lasting legacy for conservation, please contact Heidi Sourwine at hsourwine@indianriverlakes.org.