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? Leveraging your unused retirement assets, including your IRA, 401(k), 403(b), pension, or other tax-deferred plan, represents an excellent opportunity to support Health Care Foundation for Ventura County (HCFVC).

 

Benefits of Gifts of Retirement Assets

• Avoid potential estate tax on your retirement assets

• Your heirs may avoid income tax on any retirement assets funded on a pre-tax basis

• Receive potential estate tax savings from an estate tax deduction

How to Make a Gift of Retirement Assets

• Complete a beneficiary designation form provided by your retirement plan custodian to make HCFVC the beneficiary of your retirement assets

• Designating HCFVC as a beneficiary ensures that we benefit from the full value of your gift, as your IRA assets will not be taxed upon your death

• Receive an estate tax charitable deduction for your gift

Should you have any questions regarding an IRA charitable rollover gift, please contact us.