Planned Giving

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Make UD beneficiary of your retirement plan assets

If you are like most people, you probably will not use all of your retirement assets during your lifetime. Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plans, is an excellent way to make a gift to University of Dayton.

Gift of Retirement Assets
Retirement Assets
UD
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Benefits of gifts of retirement assets

  • Avoid potential estate tax on retirement assets.
  • Your heirs could avoid income tax on any retirement assets funded on a pretax basis.
  • Support an area of UD that you care about.

How to make a gift of retirement assets

To leave your retirement assets to the University of Dayton, you will need to complete a beneficiary designation form provided by your retirement plan custodian. This is often easily done online on the same page that you use to view your retirement plan.

The University of Dayton will benefit from the full value of your gift because your IRA assets will not be taxed upon transfer, and your estate will benefit from an estate tax charitable deduction for the gift.

More on gifts of retirement assets

Did you know that making a gift through your retirement account can maximize the amount that your heirs and charity can receive from your estate? Here's how it works: give high-tax assets like your retirement assets to charities like the University of Dayton, who can receive those assets tax-free. Then, you can save assets that are subject to less taxes, such as gifts from a will or a trust to your heirs and loved ones. Here is an example of the difference:

Scenario 1: Gift to charity through retirement assets; gift to heirs through will.
Gift to charity (from retirement acct). $500,000
Gifts to heirs and loved ones (will/trust) $500,000
Federal Taxes $0
Total to charity and heirs $1,000,000
Scenario 2: Gift to charity through will; gift to heirs through retirement account.
Gift to charity (from retirement acct). $500,000
Gifts to heirs and loved ones (will/trust) $500,000
Federal Taxes $185,000
Total to charity and heirs $815,000

Charitable Remainder Trust

Did you know that you may be able to use a charitable remainder trust to stretch out IRA payments for your heirs and make a gift to UD at the same time? In 2020, Congress eliminated the once-popular stretch IRA and, in many instances, it requires heirs to take out 100% of retirement assets over 10 years. But, you can fund a charitable remainder trust with your retirement accounts and allow your heirs to receive income from your retirement accounts for 20 years or more. Contact us to learn more!

Contact us

If you have any questions about gifts of retirement assets, or if you have already included the University of Dayton as a beneficiary of your retirement assets please contact us.

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CONTACT

University Advancement

1700 South Patterson
Building 5th Floor
300 College Park
Dayton, Ohio 45469 - 7053
937-229-4484
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Gifts Through My Will or Trust