PLANNED GIVING

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Gifts from Your Retirement Plan: FAQs

How do I arrange a gift from my retirement plan?Layer Closed

Simply contact your IRA or retirement plan administrator and request a copy of the Change of Beneficiary Form. You can fill this in as you wish and include HWS for a portion or all of the remainder of your plan’s assets.

What are the tax implications of a gift of retirement plan assets?Layer Closed

When you designate Hobart and William Smith Colleges as the beneficiary for all or part of your qualified retirement plan assets, those assets pass to us free of any tax. However, when these assets are passed to your heirs (other than your surviving spouse), they are subject to federal income tax and may also be subject to federal estate tax (depending upon the value of your estate) as well as various state income, inheritance and estate taxes. Because retirement plan assets are typically the most highly taxed assets when you pass on, they are the ideal choice for charitable gifts, designating other assets to your heirs.


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Meet our Wheeler Society Members


Sandra Rivera '85

"I believe that your money is like your vote—you have to put it toward what you really believe in."

(Retirement Plan)


Wheeler Society Booklet