Retirement Plans

The Benefit of Giving Through Retirement Plans

Retirement plans ensure maximum benefits for you, your family, and Texas Physicians Resource Council by:

Avoiding double taxation: estate and income taxes
Helping perpetuate work that you believe is vital for future generations
Allocating the funds that you saved over a lifetime towards a great cause

How to Give Through Retirement Plans

Your retirement plans, including IRA, 401(k), 403(b), Keogh and SEP, are considered part of your taxable estate at death. Did you know that this plan may be subject to taxes in excess of 70 percent or more? Careful planning can help you minimize or even eliminate these taxes. One way is to use the amounts left from retirement plans for charitable use, which are fully deductible from the estate as charitable gifts.

Rather than see retirement assets diluted by taxes, you can direct these assets to be used to make charitable gifts from your estate. After you have discussed your estate and financial plans with your advisor and decide to make a gift from these assets, the procedure is very simple. Ask your retirement plan administrator for a Change of Beneficiary form, and simply insert Texas Physicians Resource Council's name and the amount or percentage to be given to the ministry. You can change your beneficiary designation or distributions at any time.

If you are interested in naming Free Market as a beneficiary in your IRA, you will find the following information valuable:

Texas Physicians Resource Council
903 E. 18th St., Suite 230
Plano, TX 75074

We are a 501(c)(3) organization incorporated in the state of Texas.
Our tax identification number is 75-1403169.

Please note: You can reach our office Monday through Friday between the hours of 9:00 a.m.- 5:30 p.m. by calling 972-423-8889.