Naming Morris Arts as the sole or partial beneficiary of an IRA, 401(k), or 403(b) can reduce or eliminate paying income and estate taxes on these highly taxed assets and may therefore increase the amount of your estate passing to your heirs.
Making a charitable gift from your retirement plan is easy. Simply request a Change of Beneficiary form from your plan administrator. Modify the beneficiary to add Morris Arts of Morristown, New Jersey as either a direct or contingent (back-up) beneficiary. Then return the form to your plan administrator.
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.
- Your heirs avoid the potential double taxation (income and estate taxes) on the assets left in your retirement account.
To make a planned gift you will need the name of the organization, address and tax ID #:
14 Maple Avenue – Suite 301
Morristown, New Jersey 07960
Tax ID #: 22-2012936