By leaving retirement assets to your fund at Berkshire Taconic, you can preserve 100% of your hard-earned assets for the good of the community-forever.

Retirement plan assets are some of the most tax-efficient assets to transfer to charity upon your death. Deferred income tax and estate tax can erode the value of retirement assets; leaving less for your heirs.

Naming BTCF as beneficiary of your retirement assets is as easy as updating your IRA beneficiary form. See Beneficiary Designation for more information.

Benefits of Gifting Retirement Assets

  • Avoid income and estate taxes depending on your individual situation
  • Deploy 100% of your retirement assets toward your charitable goals
  • Create a charitable legacy today by indicating your intentions for the fund upon your passing

Are you turning 70 ½? Congress has enacted a permanent IRA charitable rollover. As a result, you can make an IRA rollover gift this year and in future years. The IRA charitable rollover provision permits tax-free distributions to a charity from an Individual Retirement Account held by someone age 70 ½ or older of up to $100,000 per taxpayer, per taxable year. Make a tax-free contribution from your IRA to an existing or new fund at BTCF. (NOTE: Donor advised funds are excluded from this provision.)

Benefits of an IRA Charitable Rollover

  • Satisfy your required minimum distribution for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts

Learn more about the IRA Charitable Rollover