Program Administration and Management

RIFT Project Update: How to Eliminate Delays When Requesting IRA Death Proceeds

Johni Hays

THURSDAY, OCTOBER 3, 2:00 – 3:00 p.m.


Has your nonprofit bumped into roadblocks while attempting to collect IRA death proceeds from a donor? Have IRA custodians delayed the death claim process by requesting more and more forms from you? Or, has your organization been required to set up an entirely separate, second account (i.e., an Inherited IRA) just to get your proceeds? Did you experience IRA custodians asking for driver’s licenses, Social Security numbers, net worth, or other personal information about your officers or board members while telling you (erroneously) the Patriot Act requires it? This process has gotten completely out of control over the last few years. What was once a simple practice of providing a death certificate and receiving your share of the IRA within 30-60 days has now turned into an onerous and laborious procedure – so much so, that some charities are completely giving up on applying for their share. Do you want to know how to avoid all this? We’ve connected with the Senate Finance Committee and requested IRS involvement to fast-track death benefits for charities. Join us for the update on how this will get your nonprofit its money faster. 

Learning Objectives

  1. Acquire the skills and knowledge you need today to collect IRA proceeds quickly and with less paperwork.
  2. Learn what steps the industry has taken nationwide to help alleviate the delays and paperwork caused by IRA custodians.
  3. Learn what the U.S. Senate Finance Committee and the IRS have done to help and what you can do today to make a difference!


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Johni Hays

Senior Vice President, Thompson & Associates

Johni is Senior Vice President with Thompson & Associates. She served as the president of the Charitable Estate Planning Institute and she is the author of the book, Essentials of Annuities and co-author of the book, The Tools and Techniques of Charitable Planning. Johni serves on the Smithsonian’s Legacy Council in Washington, DC. She served on the Editorial Advisory Board for the books Tax Facts on Investments and Tax Facts on Insurance and Employee Benefits. She also served on the board of the National Association of Charitable Gift Planners and serves as a founding charitable planning author of Steve Leimberg’s electronic newsletter service, LISI. Johni is in demand as a national lecturer on estate and charitable planning, probate, living wills, annuities, life insurance, retirement planning and IRAs, as well as income, estate and gift taxation. Johni has been engaged in the practice of law with an emphasis in charitable and estate planning since graduating cum laude with a Juris Doctor degree from Drake Law School in Des Moines, Iowa, in 1993. She also holds a Bachelor of Science degree in Business Administration from Drake University and graduated magna cum laude in 1988. Johni has been a member of both the Iowa Bar and the Florida Bar since 1993.