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KELT Innovative Ways To Give

IRA Charitable Gifts

IRA or Roth IRA Gifts: A Great Opportunity

Make a gift from your retirement account: The easiest and most tax-savvy way to make a future gift is to name KELT as a beneficiary of your retirement account

Why? Unlike other assets that you might leave to your family or friends, tax-deferred retirement accounts must be reported as income by the inheritor and are taxed at ordinary federal and state tax rates. These accounts may also be subject to state tax - the total tax bill can reduce the account value by as much as 70%. If you leave all or part of your 401k, traditional IRA or other retirement account to KELT, you'll avoid these taxes. 

Making a future gift to KELT from retirement accounts is quick and easy because you don't need to include these provisions in your will, and there's no need to visit your lawyer. Instead, just fill out the beneficiary designation form provided by your account manager. 

 

If you have any questions about the process or want to learn more, please contact us: 

Carrie Kinne, Executive Director (207) 442-8400 ckinne@kennebecestuary.org

 

Please note: We do not give legal or financial advice, and this information should not be construed as such. We encourage you to consult your legal or financial adviser.

 

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