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Estate Gifts of Retirement Assets

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to the University of Indianapolis.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

Benefits of gifts of retirement assets

• Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
  • Did you know that 60%-70% 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 the University of Indianapolis. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
• Avoid potential estate tax on retirement assets

How to make a gift of retirement assets

To leave your retirement assets to the University of Indianapolis, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the University of Indianapolis as a beneficiary, we will benefit from the full value of your gift because your assets retirement will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

More Information

Find out more about the benefits of leaving retirement assets to the University of Indianapolis.

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Next Steps:

Contact UIndy's Office of Gift Planning at 317-791-2553 or [email protected] for additional information on gift of retirement assets or to speak with Darcy about which asset gift is right for you.