Giving from Your Retirement Plan

Policies that are no longer needed to protect your family from financial burdens of your passing can be used to fund your charitable plans by designating one or more of your favorite charities as the beneficiary. You may be able to transfer ownership of a policy with cash value to the charity and receive a charitable deduction. The charity will receive the face value of the policy upon your death.

How It Works

  • Name or designate your favorite charity(ies) as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to your favorite charity(ies) by contacting your plan administrator.
  • Important! Tell your favorite charity(ies) about your gift. Your plan administrator is not obligated to notify the charity. So if you don't tell them, they may not know.


  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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