Bob and Kay have substantial assets in retirement
accounts. They want to pass these assets on to their
family, and they would also like to make a gift to the
community they love. They need an estate plan that will
help them maximize their children's inheritance, while
preserving their charitable intent.
The couple's attorney advises them to consider planning
a gift of retirement assets to the First Community
Foundation of Pennsylvania. By gifting retirement assets
to the Foundation, the couple may establish a fund to
benefit the community and minimize taxes. The couple may
choose to name the Foundation as beneficiary of the
retirement assets, or name a
charitable remainder trust as
beneficiary.
Benefits of gifts of this type may include:
Charitable intentions met with creation of fund
at the Foundation
No income tax on assets donated to charity
Reduced estate taxes
The First Community Foundation of Pennsylvania can
help Bob, Kay and their attorney evaluate the most
beneficial asset distribution to reach their goals for
giving. For more information on gifts of retirement
assets, please contact the Foundation.
