Retirement-plan benefits are often a significant portion of individual net worth. Designating Cornell University as the beneficiary of retirement assets is one of the smartest ways for donors to make a gift and bypass multiple levels of taxation. Retirement-plan assets include individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.
If you are 70 1/2 or older and own an IRA, a qualified charitable distribution (QCD) is a simple and tax-efficient way to make a gift to Cornell. Make an IRA Qualified Charitable Distribution (QCD) now.
Please contact our office to learn more about gifts of retirement assets.