In a recent CGP survey 43% of organizations stated they experienced difficulty in collecting beneficiary proceeds from one or more IRA administrators. This is a matter of great concern to nonprofit organizations across the country. Many individuals and organizations are working to improve the timely distribution of beneficiary proceeds from financial institutions. Through awareness, advocacy and the collection of valuable information to assist organizations, they have created a number of resources to expedite distributions and promote change in institutional policy. The goal of the center is to organize the results of their efforts in one location to benefit the entire nonprofit sector.

This center is meant to be dynamic with new resources and information added as they become available. If you have information to share or know of a resource that should be added, please let us know by adding your comments in the box at the bottom of the page.

Charity IRA Beneficiaries Navigate Stormy Seas to Safe Harbors, Parts 1&2

By Jeff Comfort

Used by Permission of Planned Giving Today

Part 1 Part 2

How Charities May Collect IRA Beneficiary Designations

By Charles Schultz

Used by Permission of Crescendo Interactive, Inc

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Collecting IRA Beneficiary Gifts - A Death-Defying Experience

By Jeff Lydenberg

Used by Permission of PG Calc

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

By Johni Hays
 

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RIFT (Release IRA Funds Timely) Project

Collated by Johni Hays, JD

The RIFT project is a database of collected materials to assist charitable organizations to effectively file and timely receive IRA beneficiary distributions. Click on the institution you are looking for to access filing information, forms and key contacts.

Disclaimer: Neither the National Association of Charitable Gift Planners or the RIFT Project is responsible for errors in this information. The information is gathered from multiple sources and may change without notification. Should you see data that is incorrect or have knowledge of changes to the information posted, please share that information in the comment section.

Ameriprise 

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BNY Mellon/Pershing

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Charles Schwab 

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Edward Jones

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Fidelity

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LPL Financial, LLC

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Merrill Lynch

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Morgan Stanley

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Northern Trust

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Raymond James

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TD Ameritrade

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US Bank

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Vanguard

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Wells Fargo

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Non-IRA Accounts/TOD

Although the RIFT project originally began as an IRA issue, many nonprofits have let us know they are having trouble receiving death benefits when their donors have made the charity a beneficiary of an after-tax account - often referred to a TOD (Transfer On Death) account. These accounts are invested with after-tax dollar and are not pre-tax accounts like IRAs, 401(k)s, 403(b)s, etc. In the past, the RIFT project had a sample letter (provided by Charles Schultz) for pre-tax accounts but nothing for after-tax accounts. Now, the RIFT project has an after-tax account sample letter for charities to use and customize to meet their own situation.

TOD sample letter. Note there is a suggested attachment to the letter. Also, we have had success when nonprofits copy their state's attorney general on the letter. Get the name address of your state's attorney general.

Capital Funds/American Funds

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