Gifts from Retirement Plans During Life

Gifts from Retirement Plans During Life Diagram. Description of image is listed below.

How It Works

  1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
  2. You make a gift of the distribution or of other assets equal in value to the distribution
  3. You receive an offsetting charitable deduction
  4. If you are 70½ or older, read ahead about the IRA rollover opportunity available to you

Benefits

  • You may draw on perhaps your largest source of assets to support the programs that are important to you at Bucknell
  • The distribution offsets your minimum required distribution
  • If you use appreciated securities instead of cash from your distribution to make your gift, you'll avoid the capital-gain tax on the appreciation

More Information

Contact Us

Melissa M. Diehl
Director, Estate, Trust, & Gift Planning
570-577-3776
mmdiehl@bucknell.edu

 

Bucknell University
301 Market Street, Suite 2
Lewisburg, PA 17837
Federal Tax ID Number: 24-0772407

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Contact Details

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