Gifts of Retirement Plans

Making a gift of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, or pension plan is a way to benefit Babson College and receive significant tax savings.

Retirement plan assets are often subject to extremely high estate taxes, and the income is fully taxable when received by an individual beneficiary.

By naming Babson College as the beneficiary of a retirement plan, you maintain complete control of the assets during your lifetime, but the gift then passes to Babson free of both estate and income taxes. When creating an estate plan, you may wish to consider leaving other assets, such as cash or securities, which are not as highly taxed.

To make the designation, advise your plan administrator of your decision and complete and sign a change of beneficiary form.

Benefits Include:

• You will reduce the size of your taxable estate.
• You will pass assets that carry less tax liability to heirs.
• You will become a member of the Roger and Grace Babson Legacy Society.
• You will provide generous support to Babson College.

*Note: The information on this site is not intended as legal, "tax" or investment advice. For such advice, please consult an attorney, "tax professional" or investment professional.