Retirement plan assets are some of the most tax-efficient assets to transfer to charity upon your death. Deferred income tax and estate tax can erode the value of retirement assets; leaving less for your heirs. By leaving retirement assets to your fund at Berkshire Taconic, you can preserve 100% of your hard-earned assets for the good of the community-forever.
Naming BTCF as beneficiary of your retirement assets is as easy as updating your IRA beneficiary form. See Beneficiary Designation for more information.
Are you turning 70 ½? Congress has enacted a permanent IRA charitable rollover. As a result, you can make an IRA rollover gift this year and in future years. The IRA charitable rollover provision permits tax-free distributions to a charity from an Individual Retirement Account held by someone age 70 ½ or older of up to $100,000 per taxpayer, per taxable year. Make a tax-free contribution from your IRA to an existing or new fund at BTCF. (NOTE: Donor advised funds are excluded from this provision.)