Gifts of Retirement Assets

 

A gift from your retirement assets, (IRA, 401k, 403b, pension or other tax deferred plan), is a simple and tax effective way to make a significant gift to Kikwiyakare Global.

 

Designate Kikwiyakare Global Initiative as a beneficiary of your retirement assets

Did you know that 60%-65% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give your retirement assets to Kikwiyakare Global. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets so the full value of your gift can be used to further our ministry.

 

Benefits

  • Eliminate all income-tax and estate tax liability on retirement assets given to Kikwiyakare Global.

  • Retain ownership and continue to take withdrawals during life as needed or required.

  • Have the flexibility to modify your bequest if your circumstances change.

  • Make a significant gift to Kikwiyakare Global and designate how it should be used.

  • Experience the satisfaction of knowing you can continue to help children even after you are gone.

 

How to transfer your retirement assets

Your retirement assets may be transferred to Kikwiyakare Global by completing and filing a beneficiary designation form provided by your plan custodian. If you designate Kikwiyakare Global as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

Click here for information for your beneficiary designation form.

 

Contact Us for More Information

If you have any questions about making a gift of retirement assets, please email us as soon as you can.