Funding lifesaving emergency relief, global
efforts to end HIV and AIDS, and so much more...
Real Estate, Automobiles, and Other Assets
Lyle Honig Mojica
Designating AHF as a beneficiary of your employee retirement plan, IRA and 401(k) or making an immediate gift using a Qualified Charitable Distribution is becoming an increasingly popular tool to maximize giving.
Why give a gift of retirement funds?
Naming AHF as a Beneficiary of your IRA, 401(k) or Other Retirement Plans
- You can continue to make regular lifetime withdrawals.
- You can pick the percentage of your overall account you eventually wish for your family and favorite charities to receive, and you can change it at any time.
- For tax planning purposes, retirement funds are more valuable to your charities than they are to children or other heirs.
- You can establish a charitable trust at the time of death, and funding it with retirement assets effectively “stretches” your inheritance over the lifetime of your children.
- Your fund administrator can provide the appropriate form to update your account beneficiaries, including adding a gift to AIDS Healthcare Foundation.
IRA Qualified Charitable Distribution
- Your eligibility starts at age 70 1/2.
- Direct gifts to AHF and other qualified charities can satisfy all or part of your required minimum distribution (RMD).
- While not tax deductible, the gift also does not trigger income, making this a powerful giving strategy if you choose not to itemize your taxes.
- You (and your spouse) can each give up to $100,000 per year using this special provision.
- You can reduce your income to take advantage of a lower threshold for Medicare premiums.