Designating the University as beneficiary of an IRA, 401(k), 403(b), or other tax-deferred retirement plan is an excellent way to give. Unlike other property, retirement assets are subject to income and estate taxes at death. The combined tax “bite” can be as much as 80%. By designating the University as a direct beneficiary of these plans, the donated assets will pass income and estate tax-free. This will leave a larger balance of the estate for the donor’s other intentions.

In addition, gifts of retirement plan assets qualify the donor for inclusion in the Phoenix Society. Depending on the donor's age, campaign credit may also be available for a portion of the value of the retirement plan gift.