Retirement Plan Beneficiary Language
You may name Frederick Living (Tax ID #23-1382402) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming Frederick Living as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Frederick Living as a beneficiary or partial beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death, the plan passes to support Frederick Living free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Frederick Living. We can also assist you with the proper language for your beneficiary designation to Frederick Living. Contact the Director of Advancement at 610-754-7878 Ext. 1250 with any questions.