Consider a making a Legacy Gift to Sanctuary for Families.
Do you have money saved in an employee retirement plan, IRA or tax-sheltered annuity? Do you know that the value of your account may be subject to federal and state estate taxes at your death? In addition, each of these plans contains income that has yet to be taxed. When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax in addition to applicable state income taxes at your death. Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to Sanctuary for Families 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. You can take advantage of this gift opportunity in a very simple way by naming us as a beneficiary of your plan. All this requires is updating your beneficiary designation form through your plan administrator. You can designate us 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.
By leaving us your retirement plan assets, you will be able to continue to help thousands of individuals escape abuse for decades to come. Please contact Amy Abramson at aabramson@sffny.org for more information.