Giving from Your 401k or IRA Retirement Plan

Gift of Retirement Plan Diagram

You've worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support State College of Florida Foundation far into the future.

How It Works

  • Name State College of Florida Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to State College of Florida Foundation by contacting your plan administrator.
  • Important! Tell State College of Florida Foundation about your gift. Your plan administrator is not obligated to notify us. So if you don't tell us, we may not know.

70 ½ or older? Make a “Tax-Free” Gift Through Your IRA

Benefits

  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.

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The material on this website is not offered as legal or tax advice. Please consult with your professional advisors prior to any gift.
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