Planned Giving: Retirement Plans

Your retirement fund can be taxed up to 80% if passed on to heirs, yet it’s tax-free to charity!

How it works: United Way of Okaloosa and Walton Counties receives all or a portion of the remainder of your retirement plan to use for program funding or a purpose you designate. You leave less-taxed assets to your family.

How to make the gift: Name UWOWC as the recipient of all or a portion of the remainder of your IRA, 401(k) or other qualified plan. The balance in your plan will be passed to UWOWC after your death.

Benefits to you:

  • Avoid the double-taxation your retirement savings would face if you designate them to your heirs
  • Continue to take regular lifetime withdrawals
  • You have the flexibility to change beneficiaries if your family’s needs change during your lifetime

Other Planned Giving Options:

PLEASE NOTE: Planned gifts like those mentioned here are legal documents. Please consult with a qualified third party (for example, a lawyer or CPA) about planning and implementing these gifts.

Please contact us with any questions.