Text Resize
Print This
Email This
Request Illustration
Download Brochure

Use your IRA to make a Bequest!

Use your IRA to make a Bequest!
Margaret recently retired from her job as a librarian. She had been an active volunteer and supporter of her favorite charity for many years. Margaret wondered how, with less income in retirement, she could continue to support them.

"I made gifts every year when I was working. However, I recognize that with less income in retirement, I needed to reduce my expenses. I still want to support my favorite local charities."

Margaret contacted us and discovered that she could create a charitable bequest to us from her IRA. She would continue to own the IRA and receive IRA income during her life. When she passes away, the balance of her IRA would transfer to charity to help further our work.

Margaret contacted her IRA plan administrator and she completed the beneficiary designation form to name Midway as the secondary beneficiary of her IRA.

"Despite the fact that I have limited resources, I did not think that I would use all of the money in my IRA. I was so happy to learn that I could make a gift from my IRA without impacting my current income."

*Please note: Our donor stories are intended to be illustrative and informative about the possibilities that exist to make charitable gifts. Names and images are representative of typical donors and may or may not be actual donors to Midway.


Print This
Email This
Request Illustration
Download Brochure
scriptsknown