Gifts of Retirement Assets

Gifts of Retirement Assets

Retirement accounts—such as IRAs, 401(k)s, and other tax-deferred plans—can be a highly effective way to support Roger Bacon High School.

Many individuals find they do not need all of their retirement savings during their lifetime. By designating a portion of these assets to Roger Bacon, you can make a meaningful future gift while planning wisely for your family.

Key Benefits

Using retirement assets for charitable giving can offer important advantages:

• Potential to reduce or eliminate estate taxes on these assets
• Helps your heirs avoid income taxes on pre-tax retirement funds
• May provide estate tax savings through a charitable deduction
• Allows you to make a significant future impact on Roger Bacon High School

How It Works

Making a gift of retirement assets is simple and flexible:

1. Request a Beneficiary Form
   Contact your retirement plan provider or financial institution.
2. Name Roger Bacon High School
   Designate Roger Bacon as a full or partial beneficiary of your account.
3. Keep Control During Your Lifetime
   You retain full access to your retirement funds as long as you need them.
4. Create a Future Gift
   After your lifetime, the remaining assets are transferred to Roger Bacon High School.

A Tax-Smart Approach

Retirement accounts are often among the most heavily taxed assets when passed on to heirs. In some cases, a significant portion of these funds may be reduced by taxes.

Because charitable organizations are not subject to these taxes, directing retirement assets to Roger Bacon High School can help maximize the value of your gift.

Many donors choose to leave other assets—such as real estate or investments that receive favorable tax treatment—to their loved ones, while using retirement accounts to support charitable causes.

A Thoughtful Way to Give

Gifting retirement assets is one of the easiest ways to make a lasting difference—simply by updating your beneficiary designation.