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Retirement Plans

Naming Rutgers as a beneficiary of a retirement plan may enable you to make a larger gift than you anticipated because income and estate taxes are not imposed when plan assets are distributed to Rutgers.

Because they generate income taxes payable by your beneficiaries, retirement assets make ideal gifts to tax-exempt charitable organizations like Rutgers. Otherwise, the income taxes on retirement assets you leave to your loved ones can be as high as 35 percent. This means that an IRA worth $100,000 could be worth only $65,000 by the time it reaches your heirs, whereas Rutgers would be able to receive 100 percent of the gift.

Donors who wish to make a gift from a retirement plan may do so simply by contacting their plan administrator and designating Rutgers as beneficiary. Your plan administrator will ask you to complete a Change of Beneficiary form. Please share a copy of this form with Rutgers so we can welcome you as a member of the Colonel Henry Rutgers Society.

If you would like to discuss how to treat your retirement plan as a gift, please contact the Office of Gift Planning at 1-888-782-3666 or email giftplanning@winants.rutgers.edu.

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