Emergency Phone Numbers24-hr Crisis Lines: 855.278.4204 (Santa Clara) | 650.579.0350 (San Mateo) | 415.781.0500 (San Francisco) | 800.273.8255 or Text BAY to 741-741 (National)

In the wake of all the upsetting daily news,
please remember CHC is here for you and your family.

help@chconline.org or 650.688.3625

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IRA and Other Retirement Plan Gifts

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You can maximize the impact of your retirement plan assets—including IRAs, 401(k) plans, 403(b) plans, and TSAs—by designating Children’s Health Council as your primary or secondary beneficiary. The assets you provide to CHC will then not be subject to estate tax or income tax, and consequently, the entire balance will be preserved for CHC.

Possible advantages of an IRA or Other Retirement Plan Gift:

  • You will become a member of the Clark Legacy Circle.
  • Coordinating retirement planning and charitable giving can be especially beneficial if you have accumulated substantial retirement assets and wish to reduce income and estate taxes.
  • Beneficiary designation gifts are easy to set up, and it is simple to change the beneficiary should your circumstances change.
  • You will avoid both income and estate taxes levied on the remainder left in your retirement account.
  • You will memorialize a lifetime commitment to CHC.

You may also possibly be able to choose to make qualified charitable distributions to CHC from your IRA.

The American Taxpayer Relief Act of 2012 (ATRA) extended the qualified charitable distribution (QCD) provisions for 2012 and 2013, though Congress has not yet renewed it for 2014. A QCD is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to CHC. An IRA owner can exclude from gross income up to $100,000 of a QCD made for a year, and a QCD can be used to satisfy any IRA required minimum distributions (RMDs) for the year. Also, the amount of a QCD excluded from gross income is not taken into account in determining any deduction for charitable contributions.

We are happy to work with you and your tax and legal advisors to structure the type of planned gift that best fits your financial and philanthropic goals. For more information, please contact our Director of Advancement Bill Gray at 650.688.3667 or bgray@chconline.org.

Anne Dauer“I was on CHC’s board for 9 years and have been an Auxiliary member since the 1960’s. I knew that I would plan for CHC in my estate because it was the organization I had worked with the longest. My financial planner mentioned that I could take my IRA and bequeath it any way I wished. It seemed like the perfect fit for my situation. As a result, CHC is now a beneficiary of a percentage of my IRA. I think the IRA is one of the easiest ways to make a legacy gift.” -Anne Dauer