One very prudent action would be to find out more about the fiscal advantages to you and your heirs in naming the Des Moines Pastoral Counseling Center as beneficiary for all or part of your IRA/401(k)/retirement fund assets. These are tax-deferred, not tax-free, assets. Leaving all or part of your retirement funds to the Center means your hard-earned savings would not be diminished by estate or income taxes. Your tax adviser or financial planner can help you with this.
Des Moines Pastoral Counseling Center Endowment
The Des Moines Pastoral Counseling Center Endowment was originally established in 1995 to help ensure that the healing and hope of counseling is available through the Center for years to come. The Endowment ensures the future financial security of the Center. With planned gifts from friends of the Center, the future holds a time when interest from Endowment funds will help offset the cost of providing counseling to a growing number of lower- and moderate-income clients seeking help at the Center.
Gifts can be made to the Des Moines Pastoral Counseling Center Endowment in a variety of ways including:
- Life Insurance Policy
- Appreciated Stock
- Retirement Plan Assets
Sample BEQUEST language
1. Bequest of cash: I bequeath the sum of $x to the Des Moines Pastoral Counseling Center of Urbandale, IA.
2. Bequest of a percent of the estate: I devise and bequeath x% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to the Des Moines Pastoral Counseling Center of Urbandale, IA.
Retirement Plan Assets
Making the Des Moines Pastoral Counseling Center a beneficiary of your retirement plan assets (which are taxable to you/your estate) could be a very cost-effective move in planning for the distribution of your assets after your death.
To learn more about planned gifts to the Des Moines Pastoral Counseling Center, contact Terri Speirs at (515) 274-4006 or firstname.lastname@example.org.
Endow Iowa: Helping Non-profit Organizations Ensure their Future
The Iowa legislature has authorized legislation to Endow Iowa. Endow Iowa allows Iowa taxpayers to take a 25% Iowa tax CREDIT (in addition to the normal state and federal charitable income tax deductions) for charitable gifts made to a permanent endowment fund. The Des Moines Pastoral Counseling Center ENDOW IOWA qualifies for this program. The tax credit is 25% of the gift amount. Please contact the Center if you have an interest in pursuing this opportunity.