BENEFITS OF GIFTS OF RETIREMENT ASSETS
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
HOW TO MAKE A GIFT OF RETIREMENT ASSETS
To leave your retirement assets to Sewall, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Sewall Child Development Center as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
MORE ON GIFTS OF RETIREMENT ASSETS
Did you know that 60{3636cb0a451a12ed88382a3e0ed28b2223ede70e167d2b3efd87582f6f12e3da}-70{3636cb0a451a12ed88382a3e0ed28b2223ede70e167d2b3efd87582f6f12e3da} of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Sewall. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
HOW DO I GET STARTED?
Contact: James Abbott
Vice President of Development
Office: 303.399.1800 x 129
Email: jabbott@sewallchild.org
