YOUR RETIREMENT ACCOUNTS, LIFE INSURANCE OR ANNUITIES
A gift of retirement accounts, such as your IRA, 401K, 403 (b) or other qualified tax-deferred savings plan is another way to provide a gift to NorCal Boxer Rescue. These assets remain available to you during your life, but by designating a beneficiary or beneficiaries for these plans you direct who receives any remaining balance after you are no longer living. These plans are usually subject to income taxes on withdrawal by an individual beneficiary, but because NorCal Boxer Rescue is a non-profit organization it is not subject to any income taxes on any retirement accounts it receives. That means these funds will all go to our mission to rescue boxers in need without NorCal Boxer Rescue being required to pay taxes on the gift.
You can also name NorCal Boxer Rescue as a beneficiary on any life insurance or annuity you own.
In order to name NorCal Boxer Rescue as a beneficiary on your retirement account, life insurance or annuity, you should contact the administrator of your retirement plan or the financial company that holds your IRA, 401K or other retirement account, or the insurance company or annuity company and request a change of beneficiary form. Often you can download these forms from the institution’s web site. Once you have the needed form you can designate the percentage you wish to contribute to NorCal Boxer Rescue. After you complete the form, it is important that you return the signed form to the plan administrator, financial institution or bank.
- Contact your financial or legal advisor.
- Contact us at xxxx for additional information on including NorCal Boxer Rescue as a beneficiary of your retirement accounts, life insurance or annuities.
NorCal Boxer Rescue ♦ 1520 E. Covell B-5 PMB #262 ♦ Davis CA 95616
Tax ID # 77-0527257