A Simple Year-End Step With a Lasting Impact
Some of the most meaningful gifts begin with a simple form. By naming Camp Ondessonk as a beneficiary of an IRA, retirement plan, life insurance policy, or other eligible asset, you can create a future gift that supports Camp’s mission without making a contribution today.
As the year ends, it can be a good time to review your financial and estate planning documents. Life changes like marriage, the birth of a child or grandchild, retirement, or the loss of a loved one may mean your beneficiary designations need updating. Reviewing them helps ensure your assets will be distributed according to your current wishes.
For some donors, retirement accounts can be particularly useful assets to leave to charity. Traditional IRA distributions to individual beneficiaries may be subject to income tax, while a qualifying charitable beneficiary generally can receive the gift without the same income-tax consequences. Your advisor can help you consider whether leaving some retirement assets to Camp Ondessonk, while directing other assets to loved ones, makes sense for your situation.
You do not need to determine every detail of your legacy today. A thoughtful beneficiary designation can be a meaningful first step toward ensuring Ondessonk’s mission continues well into the future.
Ask your retirement account administrator or insurance provider how to update your beneficiary designations. If you choose to include Camp Ondessonk, please let us know so we can thank you and recognize your commitment to Camp’s future.
Want to do more? Explore more ways to support Camp Ondessonk.