Name SHARE as Beneficiary
If you would like to make a gift to SHARE, naming SHARE as a beneficiary of a retirement account is potentially very beneficial for both you and your heirs.
Contributions to an IRA or other qualified account have been growing tax-free within the plan over the years.
- If left to an individual, these funds may be subject to both estate tax and income tax, thus greatly reducing the amount of money your heir will actually receive.
- If the funds are left to a charity like SHARE, these taxes are usually avoided, often resulting in a larger gift than you might otherwise be able to make.
All you have to do is to name SHARE: Self-help for Women with Breast or Ovarian Cancer as your sole or partial beneficiary on the form available from your retirement plan's administrator. You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable.
Make a Charitable Gift During Your Lifetime
The law allows people 70 1/2 years of age or older to make a total maximum gift of $100,000 to one or more qualified charitable organizations directly from an IRA -- without incurring taxes that a withdrawal typically entails. Gifts must be made directly to the charity and may not be given to donor advised funds, private foundations, or supporting organizations.
The information that should be included about SHARE is:
165 West 46th Street, Suite 712
New York, NY 10036
Federal Tax ID # 13-3131914
If you do make SHARE a beneficiary, please let us know so we can thank you. Just contact Leah Cooper, Development Director at email@example.com or 212-937-5584.
We encourage you to consult with your legal and financial advisors when considering a planned gift.