Retirement Fund

Preserve the value of retirement funds and prevent your family from paying estate and income taxes by naming the Community Foundation as a beneficiary.

The simplest way to leave retirement plan assets to the Community Foundation after your lifetime is to instruct the custodian of your retirement plan account to name the Central New York Community Foundation as a partial or 100 percent death beneficiary.

Another option is to indicate in a will or trust that charitable bequests be satisfied first with retirement plan assets. Either of these options may preserve the value of the funds and save your family from paying estate and income taxes.