COMMIT TO LEAVING A LEGACY
Planned gifts, gifts commonly donated through a will or trust, are designed to help you meet your financial and charitable goals while supporting the University of Georgia in the long term. Explore the options and create your UGA legacy today!
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 the University of Georgia 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.
How to make a gift of retirement assets
To leave your retirement assets to the "University of Georgia Foundation", you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the "University of Georgia 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.
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
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 the University of Georgia Foundation. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Contact us
Please contact us with any questions or to let us know if you have already included the University of Georgia Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift while also ensuring that your gift is used in accordance with your wishes once received.
Contact Us
University of Georgia
Development & Alumni Relations | Gift & Estate Planning
394 S. Milledge Avenue
Athens, GA 30602
(706) 542-8138
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PRIVACY STATEMENT
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.