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Choose your giving strategy. You have access to a full range of flexible giving options to start a charitable fund.

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Bequests and Beneficiary Proceeds

Giving beneficiary proceeds

One of the simplest ways to make a charitable gift is to designate Thrivent Charitable as beneficiary of an IRA, tax-sheltered annuity, or 401(k) or 403(b) plan.

Including beneficiary proceeds in your plan

When you name Thrivent Charitable beneficiary of specific assets, you enjoy some flexibility and simplicity in giving, including the ability to:
  • Change this designation throughout life.
  • Designate all or a portion of the assets to Thrivent Charitable.
  • Designate Thrivent Charitable beneficiary without the help of an attorney.
  • Direct assets upon your death to a charitable fund benefiting your cherished charities.
Additionally, beneficiary proceeds directed to charity are not subject to income or estate taxes, typically referred to as “double tax,” providing significant tax advantages to you and your family. These assets may also be used to fund a charitable remainder trust at death to benefit the designee of your choice (i.e., spouse, children, nieces and nephews).

How do I designate Thrivent Charitable to receive beneficiary proceeds?
  1. Create a charitable fund.
  2. Once Thrivent Charitable receives the fund form or workbook, we will create your fund and send a confirmation once the fund is established. The confirmation document lists the charities you wish to benefit and governs the administration of your perpetual fund. You may change the charitable beneficiaries at any time by contacting Thrivent Charitable.
  3. Include Thrivent Charitable on beneficiary designation forms.
    1. The following language should be used:
      “Thrivent Charitable Impact & Investing.”
    2. Thrivent Charitable's Tax ID Number:
      41-1802412.
    3. Thrivent Charitable's mailing address:
      Thrivent Charitable
      PO Box 8072
      Appleton, WI 54912-8072
  4. Contact Thrivent Charitable with a list of accounts and estimated gift amounts.

Are beneficiary proceeds a strategy for me?
Beneficiary proceeds are a possible strategy for:
  • Those who need the retirement income while living but wish to benefit charity with any remaining value upon death.
  • Those who want the option to change this designation down the road.
  • Those who are charitably-minded and have no heir(s) to benefit from their estate.

What are the potential tax and financial benefits of giving beneficiary proceeds?
  • The amount designated to charity is given free of federal estate tax.
  • Thrivent Charitable receives the specified assets upon your death, allowing for a potential charitable deduction against estate taxes.
  • Save up to 70% of the value of the asset from federal estate and income taxes.

What resources are available to me to learn more about gifting beneficiary proceeds?
If you would like to learn more before speaking with your financial advisor, we have a couple resources available for you to explore:

Give to charities upon your death (PDF)
Charitable strategies: Bequests & beneficiary proceeds (Video)
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We make the process easy
Using our charitable expertise we can help you make your individual vision a reality. We'll take the anxiety and complexity out of giving – so you can experience the joy of making a difference.

Contact us for support.
Donors must itemize deductions to receive a charitable income tax deduction. Charitable giving can result in tax, legal and financial consequences. Thrivent Charitable™ does not provide legal, accounting or tax advice. Consult your attorney or tax professional.