Planned Giving

Retirement Plan Assets

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Do you have money saved in an employee retirement plan, IRA or tax-sheltered annuity? Do you know that the value of your account may be subject to federal and state estate taxes at your death? In addition, each of these plans contains income that has yet to be taxed. When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax in addition to applicable state income taxes at your death. Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to the UW-Superior Foundation to support our work.

As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan. You can take advantage of this gift opportunity in several ways:

Name us a beneficiary of your plan. All this requires is updating your beneficiary designation form through your plan administrator. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your plan only if your primary beneficiary doesn't survive you.

Fund a testamentary charitable remainder trust.  When you fund a charitable remainder trust with your heavily taxed retirement plan assets, the trust will receive the proceeds of your plan upon your death. The trust typically pays income to one or more named beneficiaries for life or for a set term of up to 20 years, after which the remaining assets in the trust would go to support the UW-Superior Foundation. This gift provides excellent tax and income benefits for you while supporting your family and our work.

A donor advised fund. When retirement plan assets pass to your heirs, they can be subject to federal income and estate taxes. This combined income and estate tax burden can be substantial, greatly reducing the value of the intended gift. Instead, you can designate your donor advised fund as the beneficiary of all or a portion of your retirement plan assets. Your fund receives the full amount of the gift and bypasses any federal taxes.

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Next Steps

  1. Contact the University Advancement Office at (715) 394-8452 or give2uws@uwsuper.edu for additional information.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the UW-Superior Foundation in your plans, please use our legal name and federal tax ID.

Legal Name: University of Wisconsin – Superior Foundation, Inc.
Address: PO Box 2000, Superior, WI 54880
Federal Tax ID Number: 39-6088707

Ready to take advantage of this tax-smart gift opportunity? Download our FREE guide Make the Most of Your Retirement Plan Assets: Avoid Double Taxation and Support Our Work.

View My Free Brochure

Not Sure How to Begin Planning?

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