If you have accumulated retirement funds that you or your family may never use, consider naming The Hinsdale Central Foundation as the final or contingent beneficiary of your IRA, savings account, or pension plan..
This gift of a retirement plan can benefit both you and your heirs. You maintain control of the funds if you need them during your lifetime. You avoid estate taxes on the plan and relieve your heirs from the income taxes they would pay if you were to transfer the retirement plan to them.
Please consider consulting your attorney and/or tax advisor when planning a donation to the Hinsdale Central Foundation.