Gift of Retirement Assets
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 University School. Because retirement assets are so heavily taxed if left to your family, use these assets to fulfill your philanthropic priorities, like supporting US, and leave other assets for your family. It's easy and inexpensive to do.
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 us
Did you know that 60%-65% 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 University School. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
How to transfer your retirement assets
Your retirement assets may be transferred to University School by completing a beneficiary designation form provided by your plan custodian. If you designate University School 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.
