Foundation & Development
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Gifts of Retirement Assets: Lifetime
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How It Works
- You take a distribution from your retirement plan or IRA (distribution is subject to federal income tax)
- You make a gift of the distribution to (a federal income-tax deduction will offset the tax on the distribution)
- You may draw on perhaps your largest pool of assets, with no adverse tax consequences, to support the programs that are important to you at
- I’d like to see a detailed description of this gift
- I’d like to have a confidential conversation with a gift-planning
officer about this gift plan or other options - I’d like a personal calculation of this gift
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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