A donation of your retirement assets is a simple and tax-wise way to make a gift.
A gift of your retirement assets, such as an Individual Retirement Account, 401(k), 403(b), pension or other tax-deferred plan, is a simple and tax-wise way to donate. These funds have become a huge part of many Americans’ overall assets. It has been said that after taking the minimum required distributions from a retirement savings plan, 90 percent of 90-year-olds would still have 90 percent of the original fund amount in their accounts.
That poses a problem for estate-planning, because retirement plans can be the most expensive assets to leave to heirs. The plans are subject to both income and estate taxes. For those in the top tax brackets, that means almost nothing is left after the IRS takes its slice.
Thanks to legislation Congress made permanent in December 2015, IRA rollovers are a great way to support OSU. Please be aware that they cannot be used to make any gift receiving POSSE points or other benefits.
That is just one of many ways you can choose to support OSU through a planned gift. You can read about others on our Estate Planning page. Our friendly staff is also happy to answer your questions and help you determine the best options for your particular situation. You can contact us at giftplanning@OSUgiving.com or 800.622.4678.