Mercy Airlift

You may be surprised to learn that your retirement plan — 401 (k), IRA, Keogh, or other such accounts — is among the most tax-burdened asset you can own. Since undistributed assets remaining in your retirement plan were not taxed during your life, they are subject to both income and estate taxes if they are directed to someone other than your spouse. This means that a child or other loved one would have to pay the income tax that has been deferred.

There is a sensible charitable solution—you can name Mercy Airlift as the beneficiary of your retirement plan and use other assets (not subject to income tax) to make gifts to your heirs. By naming Mercy Airlift as the beneficiary, you avoid the income tax and also provide a charitable estate tax deduction for the full value of the gift.

To get started, advise your retirement plan administrator of your wishes and sign the appropriate beneficiary designation form.

If you have included Mercy Airlift in your estate plan, please complete our notification form and send it to The Office of Planned Giving at Mercy Airlift.

Please contact Mercy Airlift  for more information.

The purpose of this web page is to provide information of a general nature only. Mercy Airlift is not engaged in providing legal or tax advice. Please consult with your attorney or financial advisor when considering a charitable gift of any type.