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Gifts From Your Retirement Plan
How It Works
- Name the ACLU Foundation as a beneficiary of your IRA, 401(k) or other qualified plan.
- Designate us to receive all or a portion of the balance of your plan through your plan administrator.
- The balance in your plan passes to the ACLU Foundation after your passing.
Benefits
- Avoid the double taxation your retirement savings would incur if you designated your heir(s) as beneficiary(ies).
- Continue to take regular lifetime withdrawals.
- You can revoke us as a beneficiary if your family's needs change.
 Please contact us so that we can assist you through every step of the process.
 Questions and Answers
 How do I arrange a gift from my retirement plan?
To name the ACLU as a beneficiary of a gift through your retirement plan, you will likely be asked to provide the following information:
American Civil Liberties Union
125 Broad Street, 18th Floor
New York, NY 10004
Tax ID: 13-3871360
Simply contact your IRA or retirement plan administrator and request a copy of the Change of Beneficiary Form. You can fill this in as you wish and include the ACLU Foundation for a portion or all of the remainder of your plan’s assets.
What are the tax implications of a gift of retirement plan assets?
For gifts at death, any portion of your retirement plan assets that are given to a qualified charity will also qualify for income tax, inheritance tax, federal and state estate tax deductions as applicable to the size of your estate and your state of domicile. Any assets coming out of your plan to your heirs may be subject to all of the taxes mentioned above.
To learn more about other ways to leave a legacy to the ACLU through a planned gift, click here.
Questions? We're here to help. Email us or call toll-free 877-867-1025.
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