For conservatives, taxes are more than a financial nuisance

Every dollar saved means one less dollar going to a wasteful government whose spending is more in line with socialism than America’s founding principles.

Did you know that inherited IRA proceeds received by anyone other than a spouse will likely be subject to both estate and income taxes?

Your hard-earned savings could be faced with double, and in some cases triple taxation, leaving your heirs—including children—only pennies on the dollar.

IRAs, Insurance, and other Beneficiary Designations

A beneficiary designation gift is a simple and affordable way to make a gift to support The Heritage Foundation. You can designate us as a beneficiary of a retirement, investment or bank account or your life insurance policy.

Benefits of a beneficiary designation gift

  • Support the causes that you care about
  • Continue to use your account as long as you need to
  • Simplify your planning and avoid legal fees
  • Potentially reduce the burden of taxes on your family
  • Receive an estate tax charitable deduction, if applicable

How a beneficiary designation gift works

  1. To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
  2. Complete the form, and return it to your account custodian.
  3. At the appropriate time, your gift will pass seamlessly to The Heritage Foundation without the delays of probate.

Important considerations for your future

If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can freely use your account. You can also change your mind for any reason in the future, allowing you to maintain control and flexibility.

This can be easily accomplished by contacting your IRA account custodian and requesting a change of beneficiary form.  Heritage’s Tax Identification Number is 23-7327730.

For more information about making an estate gift from your qualified retirement plan or other beneficiary account, please fill out the form below:

The material presented is not offered as legal or tax advice. Examples of tax benefits are based on assumptions which might not apply to your own situation at the time of your gift. You are urged to seek the advice of your tax advisor, attorney, and financial planner to ensure that a contemplated gift fits well into your overall circumstances and planning. All material is presented solely as educational information and is not a solicitation or offer.

When selecting a recurring donation, The Heritage Foundation will process this donation every month on the day of the month that you set up the recurring gift in the amount that you specify using the method of payment that you identified. You can cancel or change this donation at any time by contacting us at 1-800-546-2843. This authorization shall remain in effect until you notify The Heritage Foundation and Heritage has had reasonable time to act on it. A record of each debit will appear on your bank statement. You have the right to instruct your bank to reverse any and all debits.