Gifts of Retirement Plans

How it Works

A retirement plan assets can be a tax-efficient and simple way of including Michigan Engineering in your estate plan. The best method is to name U-M as a primary or secondary beneficiary on your plan’s beneficiary designation form. If left to an individual, retirement assets are often subject to income and possibly estate taxes. However, when a charity is named as a beneficiary it does not pay income or estate taxes on the distribution.

Potential Benefits

  • Make a generous gift to the University of Michigan
  • Possibly reduce estate taxes
  • Simple to execute and may be modified at any time

This Might Interest You if You…

  • Want to preserve your assets in your lifetime
  • Want to minimize potential income and estate taxes

How to Get Started

  • Discuss this option with your financial advisor and contact your retirement plan administrator to update your beneficiary designation.
  • Contact Ally Effler to receive more information or share your plans