Retirement Assets

Benefits to you:

• A Tax-Efficient Planned Gift: Qualified retirement accounts are subject to income tax when received by your heirs, so they may owe income taxes on the balance of the retirement account. For estates subject to estate tax, federal estate tax can erode the value even further. As a non-profit organization, First Presbyterian Church Stillwater does not pay any federal income or estate tax on the distribution. The full value is converted into our work.
• Higher-Value Assets to Heirs: Pass along to your heirs a wide range of other assets that are not subject to income tax.
• Simple to Establish: A simple form is all you need. While no attorney needs to be involved, it is practical to touch base with your professional advisors for their counsel.
• During Your Lifetime: You continue to use and receive distributions from your retirement accounts.
• Flexibility: If your circumstances change, you may easily change the beneficiary designations at any time.

A gift of retirement assets may be worth significantly more if you donate it to First Presbyterian Church Stillwater than if you pass it to your heirs. Consider leaving your loved ones less heavily taxed assets and donating your retirement assets to First Presbyterian Church Stillwater, providing meaningful support for our mission.

When passed to your heirs, qualified retirement assets are subject to federal and, if applicable, state income taxes. An additional tax is levied for taxable estates. By choosing to leave this gift to First Presbyterian Church Stillwater, the full, untaxed value goes toward our mission.

Steps to gift an IRA, 401(k), 403(b)

• Consult with your professional advisers to make sure this gift fits your charitable and estate plan.
• Request and complete a beneficiary designation form from your administrator. When listing First Presbyterian Church Stillwater as beneficiary of a retirement account, please use the following address to ensure your request is honored: 524 S Duncan St, Stillwater, OK 74074
• Your generous gift will come directly to First Presbyterian Church Stillwater, outside of your estate.