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Is charity bound to honor restricted gift if a designated beneficiary?

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Client is being told that having gift to charity happen via will would mean the charity would follow instructions for restricted gift - such as only for research - but not necessarily if the gift happens via a beneficiary form, whether IRA or TOD beneficiary designation form.

Going through a will has its issues too, of course - that is, no tax-free distribution from IRA if it all goes through the estate. Read more »


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