Welcome to Planned Giving at World Vision




	Gifts of Retirement Assets Qualified Retirement Plan assets are among the most tax-burdened assets you can own. If you die before you have taken most of your distributions from your IRA, 401(k), Keogh, SEP, or other qualified retirement plan, the balance remaining in your plan can be subject to taxes that can claim 75% or more of its value. During your lifetime, the law requires that certain minimum distributions be taken from your retirement accounts after you reach age 70-1/2. These distributions are subject to federal income tax at your current tax bracket. Failure to take the required amount results in a 50% penalty tax on the undistributed amount. At your death, you can roll over your qualified retirement plan without incurring estate tax to your surviving spouse who can continue to receive distributions. When your spouse dies, however, any remaining plan assets are treated as Income in Respect to a Decedent (IRD) and become subject to multiple levels of taxation, including: Federal income tax; Federal estate tax (partially offset by an income tax deduction equal to the net estate tax attributable to the IRD); and Generation-skipping transfer (GST) tax if the distribution is made to a skip person, such as a grandchild. This can create a scenario where only 20 cents on the dollar is available for one’s family or loved ones. Why give your hard-earned retirement assets to the federal government when you can give them to World Vision instead? There are several ways you can do this: The easiest way is to name World Vision as the beneficiary of your plan. Simply fill out a "Change of Beneficiary Form" provided by your plan administrator. If your spouse is living, state law may require that he or she sign a "Spousal Waiver of Benefits." Since such gift intentions are technically revocable, no immediate charitable deduction is allowed, but your estate will receive a deduction at your death. In the meantime, World Vision will issue you gift credit for the discounted present value of your gift if it is accompanied by a written pledge. Take structured withdrawals from your plan beginning at age 59-1/2 or age 70-1/2 and make outright or life income gifts to World Vision that generate an offsetting charitable deduction. Set up a Testamentary Charitable Remainder Trust in your will into which you transfer any residual in your retirement plan at your death, naming your surviving spouse or children as income beneficiaries for life or a term of years and World Vision as the charitable remainderman. This approach will avoid all IRD income tax liability and generate a partial estate tax deduction. Email the World Vision Gift Planning Department, or complete the personal illustration form so that we can assist you. Appreciated Securities Bequests Continuous Child Care Sponsorship Agreement Pooled Income Funds Charitable Gift Annuities Charitable Remainder Trusts Charitable Lead Trusts Retained Life Estates Charitable Bargain Sales Charitable Vision Fund (a Donor Advised Fund) Advisor-Managed Donor Advised Fund Gifts of Other Assets How to give other assets, such as: Retirement Plans, Real Estate, Closely-Held Stock, Partnership Interests, Tangible Personal Property, and Life Insurance.