Making a gift through your retirement assets
A gift of your retirement assets from your IRA, 401(k), 403(b), pension, or other tax-deferred plan is an excellent way to support the fiber art community for years to come.
If you're like many people, you probably will not use all your retirement assets during your lifetime. Why not allocate the remainder to charity giving and help educate the fiber art community?
These gifts can include retirement accounts, such as a 401(k), 403(b), or IRA; health savings accounts; donor advised funds; brokerage accounts; and other financial accounts, including CDs, money market, savings, and checking, that allow transfer on death (TOD) or payment on death (POD) designations.
You can make a difference through you financial accounts
One of the most flexible and inexpensive ways you can make a difference for the fiber art community is by designating Handweavers Guild of America as a beneficiary of your financial accounts.
Your pensions, retirement plans, or other financial accounts can be a practical way to support the fiber art community and can even save you at tax time.
Typically, retirement plan balances are subject to both income and estate taxes. But because Handweavers Guild of America 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 Handweavers Guild of America by completing a beneficiary designation form provided by your plan custodian.
Making a beneficiary designation
Check with your legal and financial advisors to ensure your plans benefit both the people and causes you care about in the most strategic way.
You have a variety of options for giving to the fiber art community. Through a simple beneficiary designation form, you can add Handweavers Guild of America as a beneficiary of any percent or amount you choose.
Another approach is to name Handweavers Guild of America as secondary or contingent beneficiary in case someone you’re providing for can’t claim their portion.
To name Handweavers Guild of America on your beneficiary designation form, please use the following address:
Handweavers Guild of America
1201 Peachtree St. NE Ste. 200
Atlanta, GA 30361
Tax identification number: 06-0866181
Relationship: 501(c)(3) not-for-profit organization
Leave a woven legacy
Planning your gift today will make a difference for the fiber art community for years to come, making you a Forever Friend.
The gifts of Forever Friends provide inspiration and support for fiber artists long into the future.
Becoming a Forever Friend