Gifts of Retirement Assets

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Wheaton College.

It is possible that you won't use all of your retirement assets during your lifetime. Gifting those assets to support Wheaton is a great way to achieve your philanthropic goals.

Potential benefits of gifts of retirement assets

Avoid potential estate tax on retirement assets.
Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis.
Receive potential estate tax savings from an estate tax deduction.

Gifts of retirement assets video

How to make a gift of retirement assets

Fill out the beneficiary designation form provided by your retirement plan custodian and designate Wheaton as a beneficiary. The college 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.

More on gifts of retirement assets

Did you know? It is possible that 60%-70% of your retirement assets could be taxed if you leave them to your heirs at your death. Another 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 Wheaton. As a nonprofit, the college is not taxed upon receiving an IRA or other retirement plan assets.

Contact us

If you have included a Wheaton as a beneficiary of your retirement assets, please let us know. We would be honored to thank you and welcome you to the Founders Society.

Plan for your future and Wheaton's