What are the Benefits of Retirement Asset Gifts (IRA, 401K, Etc.)?

• Avoid potential estate tax on retirement assets
• Your heirs could avoid income tax on any retirement assets funded on a pre-tax basis
• Receive potential estate tax savings from an estate tax deduction

How do I Make a Gift to CCSC of My Retirement Assets?

To leave your retirement assets, or a portion of those assets, to Christian Community Service Center, you will need to consult your attorney and complete a beneficiary designation form provided by your retirement plan custodian. If you designate Christian Community Service Center as the beneficiary of Retirement Assets, 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.

Did you know that 60%-70% 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 tax basis, such as real estate and stock, and give the retirement assets to Christian Community Service Center. As a 501(c)3, we are not taxed upon receiving an IRA or other retirement plan assets. Always consult your legal advisor prior to making a legacy gift.

Contact CCSC About Making a Gift

If you have any questions please contact Lauren Niemeyer, Development Director, lniemeyer@ccschouston.org or at 713-961.3993.