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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 the North Carolina State University Foundation, Inc.

Many people like the option of gifting retirement assets because it is simple and tax efficient. You can make a gift of your unused retirement assets to help further our mission.

Benefits of gifts of retirement assets

• Avoid potential income 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

How to make a gift of retirement assets

To leave your retirement assets to the North Carolina State University Foundation, Inc., you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the North Carolina State University Foundation, Inc. as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.

More on gifts of retirement assets

One 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 the North Carolina State University Foundation, Inc. As a charity, 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 the North Carolina State University Foundation, Inc. as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.