A gift of retirement assets (i.e., IRAs, 401(k), 403(b) accounts) to Public Radio East is a great way to fulfill your philanthropic objectives. By naming the Public Radio East Foundation as a beneficiary of your retirement accounts, you can leave a wonderful legacy to help provide quality public radio for Eastern North Carolina.
Benefits of Gifting Retirement Assets:
- Avoiding income tax; the income of the retirement asset will be taxed at the income tax rate of your beneficiaries
- Reducing or avoiding federal estate taxation
- Avoiding state inheritance tax (varies by state)
- The ability to name the Public Radio East Foundation as a secondary beneficiary, leaving the bulk of your assets to your family
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