“I felt cared for and safe at Switchpoint”
– Darren B.
A gift of your retirement assets, such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a planned gift to Switchpoint Community Resource Center. If you are like most people, you probably will not use all of your retirement assets during your lifetime. Why not allocate the remainder to philanthropic giving, and help us change lives?
Typically, retirement plan balances are subject to both income and estate taxes. Because Switchpoint is a nonprofit organization, we won’t pay income tax on the distribution nor will the gift be subject to estate tax. Your retirement assets may be transferred to Switchpoint by completing a beneficiary designation form provided by your plan custodian. If you designate Friends of Switchpoint Inc. as a beneficiary, our clients will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate can also benefit from an estate tax charitable deduction for the gift.