Herland Sister Resources

There are many ways to donate to Herland. We have a large donor base of wonderful folks who send money from time to time, and/or bring us great gifts — couches, rugs, microwaves, lily bulbs, artwork, and of course, books. It is also possible to leave Herland bequests in your will, and via your retirement accounts.

Many people do not know that when retirement plans such as pension funds, 401(k)s, and IRAs are left to an individual other than a spouse, they can be subject to income taxes and estate taxes. The two taxes combined could erode up to 80% of the remaining benefits.

If bequeathed to a 501(c)3, as Herland is, these funds would escape income and estate taxes, thereby reducing the size of your total taxable estate. Herland would receive 100% of the remaining benefit in your retirement plan, and the assets in the plan would be removed from your taxable estate. If you are planning to include Herland in your estate plans, the most effective way to do so is to leave all or part of your retirement plan to Herland, setting aside other assets for partners, family and friends. Naming HSR as beneficiary of your retirement plan is easy: you need only to contact the administrator of your retirement or insurance plan and inform them that you wish to give all or part of the remainder to Herland Sister Resources, Inc., 2312 NW 39th Street, Oklahoma City, Oklahoma 73112.

Source: New York Public Library