To leave your retirement assets to the “University of Georgia Foundation,” you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate the “University of Georgia Foundation” 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.
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to the University of Georgia Foundation. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
If you are interested in learning more about opportunities for supporting the university through a planned gift, reach out today or give us a call at 706-542-8140. We’re always happy to help answer any questions you may have.
Senior Director, Gift & Estate Planning
mikecook@uga.edu
Associate Director, Gift & Estate Planning
pknowles@uga.edu
Assistant Director, Gift & Estate Planning
ryan.r@uga.edu
Trusts and Estates Coordinator
zbbrooks@uga.edu
Marketing and Stewardship Coordinator
lkschlesinger@uga.edu
Administrative Associate
cbero@uga.edu
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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
