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 Washington County Community Foundation.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

Benefits of gifts of retirement assets

• Avoid potential estate tax on retirement assets
• Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
• Receive potential estate tax savings from an estate tax deduction

Gifts of retirement assets video

How to make a gift of retirement assets

To leave your retirement assets to the Washington County Community Foundation, simply complete a beneficiary designation form from your retirement plan provider. Because we are a nonprofit, your IRA gift will come to us tax-free—and your estate may receive a charitable deduction as well. It's a simple way to make a meaningful impact while maximizing the value of your gift.

More on gifts of retirement assets

Did you know that 60%-70% 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 Washington County Community Foundation. As a nonprofit, we are not taxed upon receiving an IRA or other retirement plan assets.

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.

Please let us know if you have already included Washington County Community Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.