Giving Through A Retirement Plan

Many of the friends of Lutheran Social Services have large qualified retirement plans such as an IRA, 401(k), or Keough plan. These plans have been growing tax-free for several years, but once the owner begins to receive payments, the distributions are taxed.

Retirement plans also are included in the owner's taxable estate. Many friends of LSS are now looking as these assets as a wonderful source of funds to make a gift. Perhaps the most convenient way to make a gift is by simply changing the beneficiary designation to include LSS of South Dakota. The gift will benefit LSS of South Dakota free of taxes.

Please consult with your legal and tax advisors when considering a gift through a retirement plan.

Resource Development
Heidi Schultz, Vice President, Resource Development
705 East 41st Street, Suite 200
Sioux Falls, SD 57105
1-605-357-0103
1-800-568-2401 Ext. 103
Fax: 1-605-357-0140
Email: Heidi Schultz