Gifts from Retirement Plans
How it Works
- Name William & Mary as a primary beneficiary of your retirement plan.
- Designate all or a portion of your plan to William & Mary by completing a beneficiary designation form with your plan administrator.
- The portion you direct will pass to William & Mary after your lifetime.
- Consult with the Office of Gift Planning to obtain the tax identification number and the proper legal name to ensure that your gift benefits the programs and areas that are most important to you.
Benefits
- Avoid potential double taxation your retirement savings could incur if you designated your heirs as beneficiaries.
- Continue to take regular lifetime withdrawals.
- Change the charitable beneficiary if your family's priorities change in the future.
You can also make an outright gift from your retirement plan.
