Many donors use qualified retirement account assets in their charitable gift planning. Designating Pine Street Inn as a beneficiary of your IRA, 401k, 403b or other retirement plan is a simple and flexible way to have an enduring impact on Pine Street Inn’s work. With this gift option, you are not changing your will or trust and do not need to use an attorney.

Retirement account assets left to loved ones may be subject to higher taxation than other types of assets. By using retirement account assets to make a gift (and selecting alternative assets to leave to family members), you may be able to reduce potential taxes and leave more to your intended beneficiaries.

To designate retirement plan assets, all you have to do is fill out a change-of-beneficiary form provided by your retirement plan administrator and include Pine Street Inn as a beneficiary. On the form, you can specify that a beneficiary receives all or a percentage of the assets.