Message Sent
Thank you for your inquiry. We will respond to you as soon as possible.
If you are interested in supporting Cedar Community with a gift from your estate, a bequest may be the right tool for you. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways you can leave your legacy of compassion and caring.
learn more
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Cedar Community.
Most people will not use all of their retirement assets during their lifetime. Through a beneficiary designation, you can make a gift of any unused retirement assets to help support Cedar Community upon your passing.
To leave retirement assets to Cedar Community, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Cedar Community as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Additionally, your estate will benefit from an estate tax charitable deduction for the gift.
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Cedar Community. As a registered 501c3, we are not taxed upon receiving an IRA or other retirement plan assets as your family and loved ones would be. By thoughtfully considering the distribution of certain retirement assets, you can maximize the financial impact of your gifts to family, loved ones, and causes you care about.
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
Also, please let us know if you have already included Cedar Community as a beneficiary of your retirement assets. We would like to thank and recognize you today for your gifts of tomorrow.
