Retirement Plan Assets

You can avoid the twofold taxation on IRAs and other qualified retirement plans by naming Saint Thomas Health Fund as the beneficiary of the remainder of the assets after your lifetime.

Because of the way qualified plans are taxed, relatively few of the assets in the plan may end up in the hands of family members at your death. These assets are included in your gross estate for federal estate tax purposes and are also taxed as income when received by your beneficiaries.

Funding a charitable gift to Saint Thomas Health Fund with these assets generates an estate tax charitable deduction. In addition, Saint Thomas Health Fund will not have to pay income tax on the assets when they are received.

Benefits

• Estate tax charitable deduction
• Avoidance of income tax

Learn more
Protecting Your Dreams: Planning for Retirement Fund Distributions