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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 only takes three simple steps to make this type of gift. Here's how to name South Florida Wildlife Center as a beneficiary:
Robert and Carol treasure the financial help they've been able to give their children and South Florida Wildlife Center over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left South Florida Wildlife Center a $75,000 IRA to be transferred following their lifetime. Because South Florida Wildlife Center is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes-leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
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Legal Name: South Florida Wildlife Center
Address: 3200 SW 4th Avenue, Ft. Lauderdale, FL 33315
Federal Tax ID Number: 23-7086391