When you include the Center for Individual Rights in your will, you help defend individual rights for years to come.
The language in your will can be as simple as “I hereby give, devise and bequeath to the Center for Individual Rights of Washington, DC, the sum of $________.”
Because CIR is a non-profit charitable organization, your bequest is completely free of estate taxes.
Retirement Plan Language
You may name the Center for Individual Rights as the beneficiary of your retirement benefits. Donors should consult with financial advisors regarding the tax benefits of such gifts.
Naming CIR as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or pension plan will accomplish a charitable goal while realizing significant tax savings. Retirement plan assets are often subject to estate taxes and the income is fully taxable when received by an individual beneficiary.
Making a charitable gift may be a better use of this type of asset. By naming CIR as the beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death the plan passes to CIR free of both estate and income taxes.
As a result of the gift of retirement funds, the donor’s other assets, such as cash and securities, will not be as highly taxed to his or her heirs.
To make a significant future gift to CIR through your retirement plan (401k, 403b, IRA’s):
- Name the Center for Individual Rights as a primary beneficiary of part or all remaining assets in your retirement plan at your death.
- Name the Center for Individual Rights as a contingent beneficiary.
- Name the Center for Individual Rights at the death of your surviving spouse.
Simply request a change of beneficiary form from either your employer or the financial institution managing your retirement plan(s). Make the necessary changes, return the form to your retirement plan manager and notify the Center for Individual Rights of your intent.
If you would like to include CIR in your will or retirement plan, please call our toll-free number and ask for Terry Pell:
Terry’s number: 1-202-833-8400, ext. 113
Or write us at:
Center for Individual Rights
1100 Connecticut Ave, NW, Suite 625
Washington, DC 20036
The information on this page is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.