Purdue University

Giving to Purdue

University Development Office

Retirement Plan Assets

Naming Purdue as the beneficiary of a qualified retirement plan is becoming an increasingly popular way to give.

Because of the way qualified plans are taxed, relatively few of the assets in the plan may end up in the hands of family members or beneficiaries at your death. These assets are included in your gross estate for federal estate tax purposes, and are also taxed when received by the beneficiaries as income.

Funding a charitable gift to Purdue with these assets generates an estate tax charitable deduction and Purdue will not have to pay income tax on the assets when they are received. Using retirement plan assets as a gift to Purdue and other assets for family members can be beneficial to all.

Benefits

  • Estate tax charitable deduction