Retirement plans

Retirement accounts that are left to individual beneficiaries are subject to both estate and income taxes. In some cases the combined tax liability can exceed 70% of the account’s value.

By naming Schepens Eye Research Institute as beneficiary of your IRA, 401(k) or other retirement account, you can avoid these taxes. Best of all, as a tax-exempt organization, we can utilize the full value of those accounts to further our search for a cure to blinding diseases.

Designate Schepens Eye Research Institute as Beneficiary

To provide that Schepens Eye Research Institute will receive the funds remaining in your retirement account at your death, you need to fill out a form provided by the administrator of your account. The following information is typically required:

Beneficiary Name: The Schepens Eye Research Institute, Inc.
Address: 20 Staniford Street, Boston, MA 02114
Tax ID Number: 04-2129889
Relationship: Charitable Organization (Tax-exempt under I.R.C. § 501(c)3

To find out more about making a gift through your retirement plan, please contact us.