Continuum of Care, Inc.’s mission is to enable people who are challenged with mental illness, intellectual disability, and/or co-occurring substance use disorder, to rebuild a meaningful life and thrive in the community.
You can designate Continuum of Care, Inc. as a beneficiary of part or all the remainder of your IRA or retirement plan. Distributions from retirement plans at the death of the survivor of the account-holder can be subject to both income and estate taxes. In a large estate, these taxes can leave less than 30 cents on the dollar of the plan’s balance for your children or other heirs. By naming Continuum of Care, Inc. as the beneficiary of the remainder of your retirement plan, 100 percent of the plan’s balance is available for Continuum of Care, Inc.’s use, since the distribution avoids both income and estate taxes.
To Make This Gift:
You must notify your plan’s administrator.
A "change of beneficiary" form will be required.
Sample Beneficiary Designation Language for a Spouse and Continuum of Care, Inc.:
The beneficiary is my spouse as long as he/she survives me. The beneficiary of any amount(s) remaining in the plan after the death of my spouse, or of the entire amount in the plan upon my death if my spouse does not survive me, or of any portion thereof that my spouse may disclaim, is Continuum of Care, Inc., for its general charitable purposes or for the benefit of a specific program or personal interest.
We recommend that you consult your tax advisor to determine additional tax benefits to which you may be entitled.
For more information, please contact Continuum of Care, Inc. Vice President of Development at 203.562.2264, or email.