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 IU Health Foundation.
If you are like most people, you will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help fulfill IU Health's vision for a healthier Indiana.
Benefits of gifts of retirement assets
- Your heirs will avoid income tax on any retirement assets you funded on a pre-tax basis.
- Avoid potential estate tax on retirement assets.
- Create a lasting legacy in support of a healthier Indiana.
How to make a gift of retirement assets
To leave your retirement assets to IU Health Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate IU Health Foundation as a beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Did You Know?
Did you know that 40%-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 (IRA, 401(k), 403(b), pension, or other tax-deferred plan) to IU Health Foundation. As a charity, we are not taxed upon receiving retirement plan assets. If you designate IU Health Foundation as a beneficiary, we will benefit from the full value of your gift. Additionally, your estate could benefit from an estate tax charitable deduction for the gift.
Contact us
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
