Increase Font Size Decrease Font Size Print Page Contact Bucknell University

Gifts from Your Retirement Plan: FAQs

How do I arrange a gift from my retirement plan?Layer Closed

Simply contact your IRA or retirement plan administrator and request a copy of the Change of Beneficiary Form. You can fill this in as you wish and include Bucknell University for a portion or all of the remainder of your plan’s assets.

What are the tax implications of a gift of retirement plan assets?Layer Closed

When you designate Bucknell University as the beneficiary for all or part of your qualified retirement plan assets, those assets pass to us free of any tax. However, when these assets are passed to your heirs (other than your surviving spouse), they are subject to federal income tax and may also be subject to federal estate tax (depending upon the value of your estate) as well as various state income, inheritance and estate taxes. Because retirement plan assets are typically the most highly taxed assets when you pass on, they are the ideal choice for charitable gifts, designating other assets to your heirs.


Next

  • Contact us so we can assist you through every step.

Back


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2017 VirtualGiving.com

Close

Places I've Been

The following links are virtual breadcrumbs marking the 12 most recent pages you have visited in Bucknell.edu. If you want to remember a specific page forever click the pin in the top right corner and we will be sure not to replace it. Close this message.