Planned Giving Retirement Plans

Gift From Retirement Accounts During Life

Benefits

  • You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
  • You make a gift of the distribution or of other assets equal in value to the distribution
  • You receive an offsetting charitable deduction

How It Works

  • You may draw on perhaps your largest source of assets, with no adverse tax consequences, to support Toys for Tots
  • The distribution offsets your minimum required distribution
  • If you use appreciated securities instead of cash from your distribution to make your gift, you’ll avoid the capital-gain tax on the appreciation

Gifts From Retirement Account At Death

How It Works

  • You name Marine Toys for Tots as beneficiary for part or all of your retirement-plan benefits
  • Funds are transferred by plan administrator at your death

Benefits

  • No federal income tax is due on the funds that pass to Marine Toys for Tots
  • No federal estate tax on the funds
  • You make a beneficial gift for Marine Toys for Tots

Ira Rollover Gifts 70 ½ And Over

How It Works

  • You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 from your IRA to Marine Toys for Toys
  • Plan administrator makes transfer as directed to Marine Toys for Tots

Benefits

  • Your gift is transferred directly to Marine Toys for Tots; since you do not receive the funds, they are not included in your gross income for tax purposes (and no additional income tax deduction is allowed)
  • Your gift will count towards your minimum distribution requirement
  • You support Marine Toys for Tots
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