Planned Giving
Retirement Plans

GIFT FROM RETIREMENT ACCOUNTS DURING LIFE

How It Works

• 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

Benefits

• 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