Gifts from Retirement Plans

How it works

  1. You name one of the tax-exempt organizations* as the beneficiary of your IRA, 401(k) or other qualified plan.
  2. Any residual left in your plan when you pass on passes to the tax-exempt organization* tax-free.

Benefits

  • You can escape both income AND estate tax levied on the residual left in your retirement account by leaving it to one of the tax-exempt organizations*.
  • You can continue to take withdrawals during your lifetime.
  • You can change your beneficiary if your circumstances change.
  • You can elect to leave all, or a portion, of your retirement plan assets to the tax-exempt organization* through a will or revocable trust instead.
  • You can have the satisfaction of knowing that your hard-earned retirement assets will support the tax-exempt organization* when you are gone.

A gift from a retirement plan is for you if ...

  • You hold a 401(k), IRA, or other retirement plan.
  • You prefer to make a gift to us through your estate plan.
  • You want to balance your giving between providing for your family and for us.
  • You want to ensure the most efficient distribution of the assets in your estate.

Read more detail.

To learn more about gifts of retirement plans, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.

*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes.

Planned Giving content © 2006 VirtualGiving

Planned Giving