Gifts of Retirement Assets
Donating part or all of your unused retirement assets—such as funds from an IRA, 401(k), 403(b), pension, or other tax-deferred plan—is a smart and generous way to support the mission of Saint Agnes Medical Center.
If you're like many people, you may not use all of your retirement savings during your lifetime. By designating Saint Agnes as a beneficiary, you can turn those unused assets into a meaningful gift that furthers compassionate care in our community.
Benefits of giving retirement assets
- Avoid potential estate taxes on retirement assets
- Reduce income tax burdens on your heirs from pre-tax retirement accounts
- Receive potential estate tax savings through a charitable deduction
How to make a gift of retirement assets
To leave you retirement assets to Saint Agnes Medical Center, simply complete a beneficiary designation form through your retirement plan administrator.
If you name Saint Agnes as a beneficiary, we will receive the full value of your gift tax-free, and your estate may benefit from a charitable estate tax deduction.
More on retirement asset giving
Did you know that 60-70% of your retirement assets cound be taxed if left to heirs? Instead, consider leaving other assets—like real estate or appreciated stock, which may receive a step-up in basis—to your loved ones, and direct your retirement assets to Saint Agnes.
As a nonprofit, we are not taxed on retirement distributions, allowing 100% of your gift to support our mission.
We're here to help
If you have questions about making a gift from your retirement assets, please contact us. We're happy to assist you and ensure your gift meets your personal and financial goals. If you've already included Saint Agnes as a beneficiary, let us know—we'd be honored to thank you and recognize your generosity.
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