Designating non-profit beneficiaries of a retirement plan yields multiple benefits.

Josie Gibson is a Pennsylvania native who spent part of her adult life outside of the state. She moved to Brethren Village after visiting her friends Mike and Judy Eyster – she and Judy met at their first jobs after graduating from college. Josie enjoys being back in Pennsylvania and has become involved in a variety of activities and volunteer assignments.

Josie recognizes that Brethren Village will be her home for the rest of her life. In her gratitude, she decided to give back by naming Brethren Village as a beneficiary of one of her retirement accounts. Her wish is that her unrestricted gift will someday impact Brethren Village Residents, Team Members, and physical facilities.

Currently, Josie supports the President’s Advisory Council for the Arts (PACA). To her, it is important that Brethren Village continues to invite a variety of arts and musical individuals and groups to campus so everyone can enjoy them. She firmly believes that exposure to the arts fosters a social atmosphere and promotes continued learning.

Designating a gift to Brethren Village through her retirement account made sense to Josie when she learned about giving opportunities on the Brethren Village website and from other groups, organizations, and causes important to her, which she has also included in her estate plans.

For Josie there is satisfaction knowing that she will be giving part of her estate to Brethren Village. She is confident it will be used in ways that will benefit all Residents, giving her peace of mind and satisfaction that these funds will be devoted to worthwhile endeavors. As she has no heirs, it is important for her that what remains in her estate will support the causes and organizations she supports now during her lifetime.

Designating all or a portion of your retirement plan is relatively simple and does not require an attorney. You have already had to designate a beneficiary of your retirement plan, and you can check with your financial planning advisor to see if designating a gift to a non-profit organization makes sense for you. Assets in a retirement plan are subject to rules and taxes for individual heirs, but a non-profit organization will not pay taxes when they receive your gift.