Gifts of Retirement Assets

Did you know that a large percentage of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give some or all of your retirement assets to The University of North Carolina at Chapel Hill Foundation. As a charitable organization, we are not taxed upon receipt of an IRA or other retirement plan asset. This allows Carolina to use your assets at their maximum value to continue our work.

Benefits of gifts of retirement assets

• You avoid potential estate tax on retirement assets.
• Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.
• You receive potential estate tax savings from an estate tax deduction.

How it works

To leave your retirement assets to The University of North Carolina at Chapel Hill Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate The University of North Carolina at Chapel Hill Foundation 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 may benefit from an estate tax charitable deduction for the gift.

Please let us know if you have already included The University of North Carolina at Chapel Hill Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift, and ensure we understand your wishes for its use.

Interested in making a current gift to Carolina and satisfying your IRA's required minimum distribution? Learn more about the IRA Rollover.

Is a gift of retirement assets a viable option for you? The Office of Gift Planning can help you think through the issues & your planning options. Please contact us for a free, confidential discussion. We would be happy to assist you and answer your questions.