Beneficiary Designation
Make a Gift in a Few Easy Steps
Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
It is very simple to name Ronald McDonald House Central Florida as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website. Make your desired changes and return the form to establish your gift.
A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to take advantage of a simple way to help our mission and receive tax benefits in return. You can give any amount up to $111,000 annually from your IRA directly to a qualified charity such as Ronald McDonald House Alabama without having to pay income taxes on the distribution. This popular gift option is also commonly called the IRA charitable rollover.
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 Ronald McDonald House Central Florida. This gift provides excellent tax and income benefits for you while supporting your family and our work.
Solutions for Large Donations
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Ronald McDonald House Central Florida. These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
A donor advised fund. When retirement plan assets pass to your heirs, distributions are taxed as ordinary income. This income tax burden can be substantial, greatly reducing the value of the intended gift. Instead, you can designate your donor advised fund as the beneficiary of all or a portion of your retirement plan assets. Your fund receives the full amount of the gift and bypasses any federal taxes.
Next Steps
Legal name: Ronald McDonald House Central Florida
Address: 1030 N Orange Ave, Ste 105, Orlando, Florida 32801
Federal Tax ID Number: 59-3211250
Have a Question?
A member of our team would be happy to speak with you in confidence, with no obligation.
Cliff Marvin
Chief Development Officer
1030 N Orange Ave
Suite 105
Orlando, Florida 32801
407-206-0957 x 104
