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 CSC. 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 “Cancer Support Community East Tennessee”, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the “Cancer Support Community East Tennessee” 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
Click here to download our Confidential Statement of Intent and return it to us if you have already included Cancer Support Community East Tennessee 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.