© 2019 by the Texas Conference Association of Seventh-day Adventists

The purpose of this website is to provide general gift, estate, and financial planning information. It is not intended as legal, accounting, or other professional advice.  For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained.

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 Texas Conference Association of Seventh-day Adventist.

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

  • 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

HOW TO MAKE GIFTS OF RETIREMENT ASSETS

To leave your retirement assets to the Texas Conference Association of Seventh-day Adventist, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the Texas Conference Association of Seventh-day Adventist 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.

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 the Texas Conference Association of Seventh-day Adventist. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.

MORE ON GIFTS MAKE GIFTS OF RETIREMENT ASSETS

CONTACT US

If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.

Please let us know if you have already included Texas Conference Association of Seventh-day Adventist as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.