Retirement Assets and Will Bequests

Pass It On

Retirement plan assets are a great way to support the work at Family Care Network because they not only help support our mission to help children and families in our community, but they also may also provide tax relief for your loved ones.

Money in an employee retirement plan, IRA or tax-sheltered annuity has yet to be taxed. When a distribution is made from your retirement plan account to a beneficiary, that person will owe federal income tax.

Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to Family Care Network to support our work. As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan. When you make a planned gift through your will or retirement plan we will welcome you into our Heritage Circle and as a Heritage Circle member and will invite you to our annual donor appreciation event, Benefit For Kids, and, with your permission, we will acknowledge you in our annual report

You can take advantage of this gift opportunity in the following ways:

  • Name us in your willI - In as little as one sentence you can complete your gift. This type of donation to Family Care Network in your will or living trust helps ensure that we continue our mission for years to come.

"I give to Family Care Network, a nonprofit corporation currently located at 1255 Kendall Road, San Luis Obispo, CA. 93401, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

  • Name us a beneficiary in your retirement plan. This requires you to update your beneficiary designation form through your plan administrator. Here you can designate Family Care Network as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your plan only if your primary beneficiary doesn't survive you.

Make An IRA Transfers – Qualified Charitable Distributions (QCD)

Make A Gift Tax-Free With An IRA: A Tax-Saving Way to Help Family Care Network

If you are 70½ years old or older, you can take advantage of a simple way to benefit Family Care Network and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.