What is a low-cost way to make a tax-wise planned gift?
Answer: Name the Missionary Society of St. Columban as your beneficiary for your retirement plan or IRA!
The best way to accomplish a charitable bequest of a retirement plan or IRA is by submitting to the plan administrator a beneficiary designation form for part or all of the retirement plan or IRA. This plan simply involves naming the Missionary Society of St. Columban directly as a beneficiary of a death benefit payable under the retirement plan. The retirement plan or IRA is paid directly to the Missionary Society of St. Columban. Neither the estate nor any beneficiary of the estate is subject to income tax attributable to the retirement plan.
Questions and Answers About Beneficiary Designation Gifts
NOTE: Any time you make a direct distribution from your IRA, please remind your plan administrator to identify you when sending us the distribution. That way we can properly record and acknowledge you for your gift.
Please contact your plan administrator for specific information regarding your accounts.