 |
|
|
|
|
Gifts of Retirement Plans
Estate and income taxes can significantly diminish the value of a retirement account. When a donor names the Archdiocese of New York as a beneficiary, co-beneficiary, or contingent beneficiary of an Individual Retirement Account (IRA), Keogh Plan, 401(k), 403(b), or other qualified pension plan, his or her estate receives a charitable deduction for the full amount of the funds received from these accounts. Since tax burdens on estates may be reduced, heirs may receive increased amounts from other assets directed to them.
For more information on gifts that benefit your heirs as well as the causes in which you most believe, call 646.794.3317. Or e-mail gift.planning@archny.org
|
|
|
|
