Retirement Plans

Retirement plan assets are among the best assets to use for charitable gifts. You can create a legacy by naming the Humane Society of Union County as beneficiary or contingent beneficiary of an IRA, 401 (k), 403 (b), Keogh account, or other qualified retirement plan. Upon your death, all or a portion of the unused balance in your account is transferred to the Society as a charitable gift.

When a retirement account is left to a charity, the organization does not pay the income tax otherwise due if left to a friend or non-spouse family member. To make such a gift requires merely completing a change of beneficiary form, which may be obtained from the plan administrator.