Menu Flyout

Retirement Plan Gifts

Retirement Plan Gifts

Individual Retirement Accounts (IRAs)

Retirement programs present unique problems in passing the value onto your heirs.  The problem arises from the fact that money was put into these accounts untaxed.  As we all know taxes must eventually be paid.

Students were the driving force for the creation of Common Grounds, the campus coffeehouse.

 

 

 

Income in Respect of a Decedent or IRDs are assets that would have been taxed as income had the recipient received them.  IRD items include: retirement plans, accrued interest on Certificates of Deposit and savings bonds, non-qualified stock options, unused vacation pay, deferred payments of capital gains and other undistributed but earned income. Of these, retirement assets are the most common and largest IRD source.

By donating retirement assets, those funds avoid both estate and income taxes, and  you can be certain that 100 percent of the balance of your retirement funds will support your philanthropic objectives.  Because of the possible dual taxation (estate and income) of these assets gifting them, instead of other assets, to charity can make the cost to heirs a modest one. 

Recent changes in the law now permit individuals to make gifts of retirement assets directly to Doane. Please call to see if you qualify. 

If you would like to receive more information, contact Dan Meyer at 402.826.8237,dan.meyer@doane