Make a Gift Through Your Retirement Plan

 

Many Americans hold a significant portion of their wealth in their retirement plan accounts, such as an IRA or 401(k) plan. The assets in these accounts grow tax-free over time but have significant built-in tax liability. Accordingly, a large percentage of the assets in the accounts will be lost to tax if the account is left to someone other than a spouse upon the account owner’s death. However, using these assets for charitable gifts at death can be advantageous for tax purposes while fulfilling the donors' desire to continue to support the causes they cared about during their lifetimes.

You can name the College Success Foundation as beneficiary of part or all of your account simply by requesting a form from the plan's custodian. If you have already taken steps to name the College Success Foundation as a beneficiary of a retirement account, we encourage you to let us know by emailing donors@collegesuccessfoundation.org.

Please note: This is not professional tax or legal advice. Please consult with a tax, financial or legal advisor.