Retirement Plan Assets

Alumni and friends of Temple are often surprised to learn that their
retirement plan can be used as a simple and generous way to make
a gift to the university. Oftentimes, these assets are set aside for heirs, but the little known fact is that the funds may be taxed heavily and often do not provide the intended benefit amount to your decedents. The university’s status as a charitable organization enables the transfer from your IRA to Temple to occur without facing the associated taxes.

"My parents were immigrants and my father worked in a
factory. That's why I appreciate Temple's populist mission
so much. I'm not a wealthy man, but clearly, Temple University
enabled me to progress in my life. Therefore, I made the
decision to designate Temple as a beneficiary of my retirement
plan with the inspiring thought of providing for future generations." 
        - Professor George Edberg, EDU '49

Benefits to Donor
- Avoid double taxation on assets left to your heirs

- Maintain control of the assets during your lifetime

- Reduce or eliminate capital gains tax

- Recognition in Temple’s Acres of Diamonds Circle

Benefits to Temple

- Assets remaining in the plan after your lifetime transfer to
  Temple and leave a lasting legacy for the university area of
  your choice

Income

- None

For donors who …

- Want to reserve other assets for their heirs that will be
  less highly taxed

Establish this arrangement with …

- Qualified retirement plan

- Roth IRA

Ways to Gift Retirement Plan Assets
- Designate Temple as the contingent beneficiary of your
  retirement plan

- Name Temple as the beneficiary of any unconsumed funds,
  and request that Temple establish a trust where the income
  would benefit your children

For more information on how you can use retirement plan assets to benefit Temple University, please contact us.