If you have no successors, you have a couple of other options as part of your Succession Plan. You can designate one or more charitable organizations (max 6) as charitable beneficiaries. Depending on the size of the fund, you can also choose to distribute the account’s assets in perpetuity in your name.
If you don’t designate a Succession Plan, we will annually distribute 5% of your account’s balance to the charitable organizations that reasonably best match your grant history and intent.