Making a Planned Gift is Easier Than You Think. You Can Help Build a Better and Stronger Valley.
It’s your plan… it’s your legacy!
- Leave a gift in your will or trust
- Designate a nonprofit as a beneficiary of a portion of your IRA or other financial accounts
- Give life insurance you no longer need
- Give appreciated stock and save on taxes
- Consider a gift of real estate
- Donate your IRA required minimum distribution directly to a nonprofit and avoid taxes.*
Speak with your trusted professional financial advisor or call (203) 751-9162 to explore which planned-giving option is best for you.
*Must be 70½ years or older.
Gifts from Your Retirement Plan: FAQs
How do I arrange a gift from my retirement plan?Layer Closed
Simply contact your IRA or retirement plan administrator and request a copy of the Change of Beneficiary Form. You can fill this in as you wish and include your favorite charity(ies) for a portion or all of the remainder of your plan’s assets.
What are the tax implications of a gift of retirement plan assets?Layer Closed
When you designate your favorite charity(ies) as the beneficiary for all or part of your qualified retirement plan assets, those assets pass to to the charity(ies) free of any tax. However, when these assets are passed to your heirs (other than your surviving spouse), they are subject to federal income tax and may also be subject to federal estate tax (depending upon the value of your estate) as well as various state income, inheritance and estate taxes. Because retirement plan assets are typically the most highly taxed assets when you pass on, they are the ideal choice for charitable gifts, designating other assets to your heirs.
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