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 Trout Unlimited.
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.
To leave your retirement assets to Trout Unlimited, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Trout Unlimited 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 retirement assets are subject to both estate tax and income tax, so that potentially 60%-70% of your retirement assets may be taxed if you leave them to individuals at your death? An alternative is to leave your heirs assets that receive a step up in basis, such as real estate, stocks and bonds, and give the retirement assets to Trout Unlimited. As a charity, we do not pay income tax upon receiving an IRA or other retirement plan assets.
If you have any questions about gifts of retirement assets, please contact us. We would be happy to work with you and your advisors to answer any questions that you have.
Please let us know if you have already included Trout Unlimited as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.