Beneficiary Designation Gifts
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to further Longwood’s mission. Oftentimes, these instruments are taxable to heirs and are a logical source of philanthropic investments.
Benefits of beneficiary designation gifts:
- Simple to arrange and change at any time
- Continue using your account for as long as you need it
- Support the causes you care about without affecting your current finances
- Heirs can receive more tax-advantaged assets from your estate
- Receive potential estate tax savings from an estate tax deduction
- Longwood benefits from the full value of your gift, because your retirement assets will not be taxed at your death
How to make a gift of retirement assets
To leave your retirement assets to Longwood University, you will need to complete a beneficiary designation form provided by your retirement plan custodian, and specify Longwood University as the beneficiary.
Contact us
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.