Retirement plan assets can be the best assets to leave to charity. Naming KQED as beneficiary of all or part of a retirement account left at death can save income taxes, estate taxes or both. Individual recipients must pay the income tax on these assets, which have been accumulated tax-free. But KQED, as a nonprofit organizaton, is exempt from any income tax that would otherwise be due. So it is good tax planning to leave these funds to KQED and other assets to family and friends.
How: Simply ask the custodian or trustee of your account for a new beneficiary form, or check on your custodian’s website for an on-line form. Use KQED’s legal name, “KQED Inc.,” and Taxpayer ID No., 94-1241309, if needed.
Note: In general, married individuals will need the written consent of their spouses to make gifts from retirement accounts. Check with your account manager.
Please let us know your plans
By informing KQED of your Legacy Gift, you help us ensure that your intentions are fulfilled and give us the chance to thank you for your generosity. To notify us of your plans, please complete our request for information form or contact us.
A Word About Beneficiary Forms – Further considerations once you are ready to complete your forms