Retirement-plan benefits often make an excellent choice for funding a testamentary charitable gift to Vanderbilt. Not only will such a gift escape federal income tax, but it will also avoid any potential federal estate tax. This combination of income taxes and estate taxes could result in a tax hit of more than 62% of the retirement-plan benefits.
If, for example, you have designated your children to be the beneficiaries of $100,000 of your retirement-plan benefits, and your estate is subject to federal estate taxes, your children could lose $40,000 to federal estate taxes and as much as an additional $22,200 to federal income taxes for a total reduction in benefits of $62,200. If, however, you designate Vanderbilt as the beneficiary of that $100,000, the full amount will pass to us with no reduction in benefits.
Request an eBrochure
Which Gift Is Right for You?
Contact Us
Vanderbilt University
Office of Gift Planning
PMB 407756
2301 Vanderbilt Place
Nashville, TN 37240-7756
615-343-3113 or
Toll Free 888-758-1999
plannedgiving@vanderbilt.edu
© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer