Retirement Accounts

Individual Retirement Accounts (IRAs) left to heirs may be subject to taxes that could total over half of the IRA’s value. Designating the Community Foundation as the beneficiary of an IRA is an excellent way for you to make a gift to charity, using an asset that otherwise might be heavily taxed. Also, a “Charitable Family IRA” allows you to put your IRA into a trust that produces income for your heirs and ultimately benefits charity.