Gifts of Retirement Plans

  • Charitable estate tax deduction. Your estate can take a charitable deduction for the value.
  • Income tax avoidance. If you leave your retirement account balance to individual heirs, those heirs will have to pay income tax when they receive the distributions. As a tax-exempt organization, CSEMS will not have to pay those taxes.
  • Individual heirs keep more. By choosing to make your charitable gifts using retirement fund balances, you help your individual heirs avoid unnecessary taxes and keep more of what you give to them.
  • If you are age 70½ or older, you may also be interested in the IRA rollover program.

To make a gift, please consult with your financial advisor.

*This information is intended only as general guidance and should not be construed as legal or tax advice. It is important to check with your tax advisors regarding your specific situation.

Note: This material was updated February 18, 2016.