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

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

Forum topic posted in Forum on 11 July 2016| comments
audience: | last updated: 11 July 2016
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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.

Might individual charities have forms or procedures that might allay client's concerns that the restricted gift would be honored, whether it's via an IRA or TOD beneficiary form, or via a will?

Thanks for any insight.


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