Consider a Donation of Retirement Assets
Retirement plan assets are a great way to support the work of Alzheimer's Disease Research, Macular Degeneration Research, and/or National Glaucoma Research because they not only help support our research, but they also can provide tax relief for your loved ones.
Money in an employee retirement plan, IRA or tax-sheltered annuity may be subject to federal and state estate taxes. In addition, each of these plans contains income that has yet to be taxed. When a distribution is made from your retirement plan account to a beneficiary, that person will owe federal income tax in addition to applicable state income taxes.
Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to one of our research programs to support our breakthrough research. As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan. You can take advantage of this gift opportunity in the following ways:
Name us a beneficiary of your plan. This requires you to update your beneficiary designation form through your plan administrator. Here you can designate one of BrightFocus' research programs as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your plan only if your primary beneficiary doesn't survive you.
With the IRA Charitable Rollover, if you are 70½ years old or older, you can take advantage of a simple way to help those we serve and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as BrightFocus Foundation without having to pay income taxes on the money.
Fund a testamentary charitable remainder trust. When you fund a charitable remainder trust with your heavily taxed retirement plan assets, the trust will receive the proceeds of your plan. The trust typically pays income to one or more named beneficiaries for life or for a set term of up to 20 years, after which the remaining assets in the trust would go to support the research program of your choice. This gift provides excellent tax and income benefits for you while supporting your family and our work.
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Plan a Charitable Gift Today
Take advantage of this tax-smart gift opportunity. Download our FREE guide Make the Most of Your Retirement Plan Assets: Avoid Double Taxation and Support Our Work.View My Guide
- Contact Lauren Fields at 301-556-9397 or firstname.lastname@example.org for additional information.
- Seek the advice of your financial or legal advisor.
- If you include a BrightFocus program in your plans, please use our legal name and federal tax ID.
Legal Name: BrightFocus Foundation
Address: 22512 Gateway Center Drive, Clarksburg, MD 20871
Federal Tax ID Number: 23-7337229. This is the number for all three programs.
*BrightFocus programs are Alzheimer's Disease Research, Macular Degeneration Research, and National Glaucoma Research.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.