Planning Your Legacy
Your desire to make a difference and leave a lasting legacy helps strengthen Lawrence's mission. Consider making an impact for students and faculty through a planned gift. These types of charitable arrangements may provide tax and other benefits to you while supporting Lawrence.Our Mission
Gifts of Retirement Assets
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 Lawrence University.
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.
Benefits of gifts of retirement assets
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
How to make a gift of retirement assets
To leave your retirement assets to Lawrence University, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Lawrence University 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.
More on gifts of retirement assets
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 Lawrence University. As a charity, we are not taxed 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 assist you and answer any questions that you have.
Please let us know if you have already included Lawrence University as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.
The Lawrence-Downer Legacy Circle recognizes alumni, parents and friends who remember Lawrence through a planned gift. We are grateful to the more than 1,090 members of Legacy Circle.