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Gifts From Your Retirement Plan

Gift of Retirement Plan Diagram

How It Works

  • Name the WVU Foundation as a beneficiary of your IRA, 401(k) or other qualified plan.
  • Designate the WVU Foundation to receive all or a portion of the balance of your plan through your plan administrator. The appropriate form may be available online.
  • The balance in your plan benefits WVU after your passing based on an agreement made with the Foundation.

Benefits

  • Avoid the possible double taxation (estate and income taxes) your retirement savings would incur if you designated your heir(s) as beneficiary(ies).
  • Continue to take regular lifetime withdrawals.
  • You can revoke us as a beneficiary if your family's needs change.
  • A change of beneficiary form is all that's needed; no other legal document is required.
Judith Stitzel – I have enjoyed many fulfilling years in the classroom and am very pleased to support programs that will enhance students' experiences in the future. This is what a gift through my retirement account makes possible, and I am grateful.




For those age 70 and older (by December 31, 2017), your designation of the WVU Foundation as a retirement account beneficiary can be counted in the campaign if you will let us know of your support. Please contact us soon.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers

How do I arrange a gift from my retirement plan?

What are the tax implications of a gift of retirement plan assets?

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