Contributions to your retirement plan are made on a pre-tax basis so when withdrawals are made by you or your heirs, taxes are due. One way to spare your heirs of this expense is to leave taxable assets such as IRAs, 401(k)’s, 403(b)’s or other retirement plans to FAIR by listing FAIR as a beneficiary to your retirement funds. Because FAIR is a 501(c)(3) non-profit organization, funds left to FAIR are tax-exempt. Contact your retirement plan administrator for the proper beneficiary designation form. You will also need FAIR’s address and tax identification number (TIN), also referred to as an employer identification number (EIN).
Federation for American Immigration Reform
25 Massachusetts Ave., Suite 330Washington, DC 20001
IRA Charitable Rollover
Donors may make a gift to FAIR with a distribution from their Individual Retirement Account (IRA). Under The Protecting Americans from Tax Hikes Act of 2015, Americans over the age of 70½ may distribute up to $100,000 in a calendar year from an IRA to FAIR or other charities, tax-free. If an IRA owner directs the IRA plan administrator to distribute any amount up to $100,000 to charity, the distribution counts toward the owner’s minimum required distribution, but is not included in his or her income for income tax purposes. Although the IRA owner is not entitled to a charitable deduction for the distribution, the distribution benefits FAIR.