Gifts of Retirement Plans

How it works:

1. You name Baptist Health Care Foundation as the beneficiary of your retirement plan.
2. Any residual left in your plan when you pass away will transfer to the Foundation tax-free.

Benefits:

• Avoid the potential double taxation your retirement savings would face if you designated them to your heirs.
• Continue taking lifetime withdrawals.
• Maintain flexibility to change your beneficiary if your circumstances change.

Consider a gift from your retirement plan if you:

• Have a 401(k) or other retirement plan you want to gift the Foundation through your estate plan.
• Have an Individual Retirement Account (IRA) plan you want to gift directly to the Foundation and you want the Foundation to help facilitate the gift.
• Want to balance your giving between providing for your family and for the community.
• Want to ensure the most efficient distribution of the assets in your estate.