Gifts of Retirement Assets
A gift of your retirement assets, such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Akron Community Foundation.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. Make a gift of retirement assets to support or establish your own charitable fund and help your favorite causes and charities forever.
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 Akron Community Foundation. 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 Akron Community Foundation by completing a beneficiary designation form provided by your plan custodian. If you designate your fund at Akron Community Foundation as beneficiary, your IRA assets will not be taxed at your death and your favorite causes and charities will benefit charitably for years to come. Your estate will also benefit from an estate tax charitable deduction for the gift.
Contact us for more information
If you have any questions about making a gift of retirement assets, please click here to send us an email with your questions or comments.
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