DESIGNATION OF CHARITIBLE BENEFICIARY
Traditional retirement plans are one of the best assets to leave to charities if you wish to avoid income and estate tax.
You can designate Partnership With Native Americans as a beneficiary of your plan such as a 401k or IRA to receive all or a portion of your retirement account upon your death. Your estate will receive a charitable deduction for the value of the assets distributed to Partnership With Native Americans.
Charitable Gift During Life
QUALIFIED CHARITABLE DISTRIBUTION (QCD)
A qualified charitable distribution (QCD) is a distribution from your IRA made directly to an eligible charity such as Southwest Reservation Aid or a PWNA program. If you own an Individual Retirement Account and are at least 70 and 1/2 years old, you can contribute some or all of your IRA assets to Southwest Reservation Aid up to $100,000. The gift counts toward your Required Minimum Distribution (RMD) starting at age 72 years old.
NOTE: For you to be eligible for the tax benefits of this form of contribution, the distribution must come directly from your IRA representative to PWNA following your authorization. Our Planned Giving Office can provide you a sample instruction letter to provide to your IRA representative.
If you have any questions regarding planned giving, please contact Joe Langenderfer, CFRE, Director of Planned Giving at (214) 217-2600 Ext. 111. You are also encouraged to consult with your legal and financial advisors when considering a planned gift.