Gifts from Retirement Assets (Think IRA, 401K, 403B…)

Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift.

Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs?

Retirement assets are tax-heavy. That’s why it’s beneficial to leave retirement assets to causes you care about and other assets such as real estate and stock to family or loved ones. The Allentown Symphony will not pay any taxes on your gift and your estate will receive a charitable deduction for the gift.

Benefits of Giving Retirement Assets

• Avoid estate tax on retirement assets
• Your heirs avoid income tax on any assets funded on a pre-tax basis
• Receive estate tax savings from an estate tax deduction

How to Make a Gift of Retirement Assets

To leave your retirement assets, request and complete a beneficiary designation form from your plan administrator. Name Allentown Symphony Association, Inc. as a beneficiary. Then, let us know about your gift so that we can recognize your generosity today.

Questions?

Contact Lori Davis at 503-803-3101 or at LDavis@AllentownSymphony.org.