Retirement Plan Assets

Pass It On

Retirement plan assets are a great way to support the work at Save the Children because they not only help support our mission around the world, but they also can 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 Save the Children to help children reach their full potential. As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan. You can take advantage of this gift opportunity in the following ways:

Name us a beneficiary of your plan. This requires you to update your beneficiary designation form through your plan administrator. Here you can designate Save the Children 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.

With the IRA charitable rollover, if you are 70½ years old or older, you can take advantage of a simple way to help those we serve and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as Save the Children without having to pay income taxes on the money.

Fund a testamentary charitable remainder trust. When you fund a charitable remainder trust with your heavily taxed retirement plan assets, the trust will receive the proceeds of your plan. The trust typically pays income to one or more named beneficiaries for life or for a set term of up to 20 years, after which the remaining assets in the trust would go to support Save the Children. This gift provides excellent tax and income benefits for you while supporting your family and our advocacy work.

A donor advised fund. When retirement plan assets pass to your heirs, distributions are taxed as ordinary income. This income tax burden can be substantial, greatly reducing the value of the intended gift. Instead, you can designate your donor advised fund as the beneficiary of all or a portion of your retirement plan assets. Your fund receives the full amount of the gift and bypasses any federal taxes.

Watch How It Works

See How It Works

We Can Help

  1. Contact the Office of Planned Giving at 800.544.4470 or plannedgifts@savechildren.org for additional information.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Save the Children in your plans, please use our legal name and federal tax ID.

Legal Name: Save the Children Federation, Inc.
Address: Fairfield, CT
Federal Tax ID Number: #06-0726487

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Additional Resources

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