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Planned Giving Gift of Retirement AssetsGift of Retirement Assets
Retirement Assets
LPB
A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, is an excellent way to make a gift to Friends of LPB.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. Make a gift and help further our mission. Leave your retirement assets to usDid you know that 50%-60% 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 Friends of LPB. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. How to transfer your retirement assetsYour retirement assets may be transferred to Friends of LPB by completing a beneficiary designation form provided by your plan custodian. If you designate Friends of LPB 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. |
