Many LSF friends today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan. These plans have been growing tax-free for several years, but once the owner begins to receive payments, the distributions are taxed. The plans are also included in the owner's taxable estate. Many friends of LSF are now looking at these assets as a wonderful source of funds to make a gift.

Perhaps the most convenient way to make a gift is by simply changing the beneficiary designation to include LSF. The gift will benefit LSF free of probate. Another option is to create a Charitable Remainder Trust (CRT) through your will. Your IRA assets will be transferred to a CRT, and there is no tax due because the CRT is a tax-exempt entity. The trust will provide life income to a beneficiary (for example, your children) with the trust eventually passing to LSF. Your estate will receive an estate tax deduction for the value of LSF's right to eventually receive the trust assets.

We would be happy to provide further information upon request at no obligation. You may also wish to consult your financial advisors. We appreciate your interest in supporting the work of LSF. For more information, please email FundraisingManager@LSFnet.org or call 813-676-9505.