JCYC Planned Giving

Planned Giving

3. What's the big advantage in making the Japanese Community Youth Council a beneficiary of my retirement plan?

A designation in your IRA or other retirement plan may be a very cost-effective way of making a gift to the Japanese Community Youth Council. If you leave your retirement plan to your children, they will have to pay income tax on either a lump sum distribution or the income stream from the plan. the Japanese Community Youth Council does not pay this tax. Here's an example of what this can mean to your heirs:

A widower died a few years ago. He left his $300,000 house to charity and his $300,000 retirement plan to his relatives. He should have done just the opposite. The relatives had to pay income tax on the $300,000 in the retirement plan, an $80,000 cost to them. If they had received the home, and the charity had received the retirement plan payment, no one would have paid income tax.
For more information on the advantages of retirement gifts to the Japanese Community Youth Council, call Sakura Suzuki at 415-202-7910 or email ssuzuki@jcyc.org.

Frequently asked questions about planned giving:

1. Can the Japanese Community Youth Council help me get my estate plan done?
2. How do I include the Japanese Community Youth Council in my will or living trust?
3. What's the big advantage in making the Japanese Community Youth Council a beneficiary of my retirement plan?
4. What kind of donors should consider a charitable remainder trust?
5. Gifts that pay you
6. Can you provide me with an estimate of my tax and income benefits?
7. How can I give my home and keep it, too?
8. Why does the Japanese Community Youth Council need planned gifts?
9. What should I do if I have already remembered the Japanese Community Youth Council in my estate plan?

Glossary of Terms