There’s an undercurrent of grumbling and frustration when executing a transfer of retirement assets from a deceased individual’s retirement account to a charity that was named as a beneficiary of the account. In a survey conducted by the National Association of Charitable Gift Planners, 43% of organizations reported that they experienced difficulty collecting beneficiary proceeds from one or more individual retirement account administrators.1 There also have been reports of IRA administrators who failed to inform charities that they had been named as beneficiaries or who refused to disclose the amount that the charities would receive until after all of the paperwork has been completed.2
In addition to the administrative burdens imposed on...
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