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guide
Retirement Plans
You can name UCS as a beneficiary of an Individual Retirement Account (IRA), 401(k) Plan, 403(b) Plan, Qualified Pension Plan, or Qualified Profit-Sharing Plan.1 Generally, the transfer of plan assets to family members at the death of the plan participant may trigger two potential federal taxes: estate tax and income tax. When a beneficiary is someone other than a spouse, the combination of these taxes could consume most of the assets intended for transfer. Since UCS is a tax-exempt organization, we do not have to pay for unpaid taxes on the income from the plan. Simply contact your plan administrator and request a beneficiary form.
Some of the key contact information you may need in order to include UCS as a beneficiary is listed below.
Full Name: Union of Concerned Scientists, Inc.
Address: Two Brattle Square, Cambridge, MA 02238-9105
Tax identification number: 04-2535767 (in place of Social Security number)
Relationship: Nonprofit organization with 501(c)(3) status
Legal language: Union of Concerned Scientists, Inc., a nonprofit corporation, organized and existing under the laws of the District of Columbia, and with principal business address of Two Brattle Square, Cambridge, MA 02238-9105.
For more information
For more information, please contact Adam Kessler by phone at 800-666-8276 or by email at akessler@ucsusa.org.
1. Given the complicated tax rules governing retirement plans, it is strongly recommended that you obtain the advice of an expert on the financial and tax aspects of retirement plans before proceeding. | |
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© Union of Concerned Scientists
Page Last Revised: 11/13/06 |
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