Charitable Bequests of Retirement Plan Assets

The tax burden on retirement assets at the time of a plan participant’s death can be truly substantial. Income taxes and estate taxes can consume a significant portion of your retirement plan assets.

Because of this double taxation threat, an attractive strategy for many donors is to use retirement plan assets to make charitable bequests. With some advance planning, this charitable gift can effectively eliminate income and estate taxes on the amount going to charity, with the charitable gift being paid out of what would otherwise be tax dollars.

For more information

To learn more about making a gift of retirement assets to Carleton, please contact our Office of Major and Planned Giving.