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 Atrium Health Foundation.
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 your unused retirement assets to help further our mission.
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
Gifts of retirement assets video
How to make a gift of retirement assets
To leave your retirement assets to Atrium Health Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Atrium Health 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 will benefit from an estate tax charitable deduction for the gift.
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 heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Atrium Health Foundation. As a nonprofit, we are not taxed upon receiving an IRA or other retirement plan assets.
Contact Us
If you have included Atrium Health Foundation in your estate planning, please call, email, or write to inform us of your intentions:
Beth Braxton, Director of Development
Email:
[email protected]
Phone: (704) 355-4048
Mailing Address: 7800 Providence Road, Suite 208, Charlotte, NC 28226
We would like to thank you for your generosity, ensure that your gift is used according to your wishes, and include you as a member of the Evergreen Society.
