Planned Giving
build your
legacy

  • Support the causes you care about
  • Create a legacy to be remembered by future generations
  • Take advantage of numerous tax and financial benefits
  • Donor Advised Fund
  • IRA Charitable Rollover
  • Charitable Bequests
  • Legacy Circle
  • Text Resize

    Gifts of Retirement Assets

    BENEFITS OF GIFTING RETIREMENT ASSETS

    • Avoid income and estate taxes depending on your individual situation
    • Deploy 100% of your retirement assets toward your charitable goals
    • Create a charitable legacy today by indicating your intentions for the fund upon your passing

    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.)

    BENEFITS OF AN IRA CHARITABLE ROLLOVER

    • Satisfy your required minimum distribution for the year
    • Reduce your taxable income, even if you do not itemize deductions
    • Make a gift that is not subject to the deduction limits on charitable gifts

    HOW AN IRA CHARITABLE ROLLOVER GIFT WORKS

    • Contact your IRA plan administrator to make a gift from your IRA to BTCF.
    • Your IRA funds will be directly transferred to BTCF to help increase our community impact.
    • Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
    • Please contact us if you wish for your gift to be used for a specific purpose.
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