Planned Giving » Gift of Retirement Assets

Gift of Retirement Assets

A gift made to Cristo Rey San José by designating CRSJ as a beneficiary of your retirement assets such as an IRA, 401(K), or 403(B) plan.
Life income: Not Applicable
Minimum Gift: Any Amount
  • Avoid income and estate tax of your retirement account by naming CRSJ as the beneficiary
  • Change the beneficiary at your discretion
  • Continue to receive retirement benefits during your lifetime

How to make a gift of retirement assets

You will need to complete a beneficiary designation form provided by your retirement plan custodian to leave your retirement assets to CRSJ. If you designate CRSJ 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.

About 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death. One other 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 Verbum Dei High School. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.