Gifts Of Retirement Assets

Gifts Of Retirement Assets

Donating part or all of your unused retirement assets, such as an IRA, 401(k), 403(b), pension, or other tax-deferred plans, is an excellent way to make a gift to St. Vincent de Paul Georgia. If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of unused retirement assets to help further SVdP Georgia’s mission.

HOW TO MAKE A GIFT OF RETIREMENT ASSETS

To leave retirement assets to the St. Vincent de Paul Georgia, you will need to complete a beneficiary designation form provided by your retirement plan custodian.

1. Designate the “The Society of St. Vincent de Paul of Georgia” as the beneficiary.
2. Submit the form to your retirement plan custodian.

BENEFITS OF GIFTS OF RETIREMENT ASSETS

• Avoid potential estate 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.

By designating St. Vincent de Paul Georgia as a beneficiary, the organization 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.

Please contact us at gifts@svdpgeorgia.org to let us know if you have already included St. Vincent de Paul Georgia as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift and ensure it is used in accordance with your wishes once received.

MORE ON 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?

Another option is to leave your heir’s assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to St. Vincent de Paul Georgia. As a charity, SVdP Georgia is not taxed upon receiving an IRA or other retirement plan assets.